WALVIS BAY – Having the richest marine diamond deposits in the world, Namibia has set its sights on the ocean as the output of marine diamond production continue to enormously outstrip production of the precious stones on land.
Last year, marine diamond production yielded 1.17 million carats, while land operations generated 403,000 carats, contributing over billions of dollars in revenue. Namibian diamond mining takes place at around 120 to 140 metres below sea level.
In the next 15 years, it is estimated that diamond production on land in Namibia will run out and that 95 percent of diamond production will come from the sea. With approximations that the 3,700 miles squared concession area at sea on the south-west coast of Southern Africa will provide plenty of gemstones for the next 50 years, De Beers Group and Debmarine Namibia inaugurated the world’s most advanced exploration vessel, dubbed the mv SS Nujoma at the coastal town of Walvis Bay on 15 June 2017. Continue Reading →