Discussions recently focused on strengthening the diamond industries in Namibia and India by tackling major sector challenges.
Key figures from Namibia’s diamond industry participated in the meeting. They included Brent Eiseb, CEO of Namibia Diamond Trading Company (NDTC); Nekulilo Ithete, Director of the Diamond Board of Namibia; Bartholomues De Klerk, Director of the Diamond Board of Namibia; Emily Kapulwa, Director of the Diamond Board of Namibia; Willy Mertens, CEO of De Beers Marine Namibia; and Tashi Shiimi-ya-Shiimi, Managing Director of TaTe Diamonds. They were welcomed by leaders from the Gem & Jewellery Export Promotion Council (GJEPC), including Vipul Shah, Chairman; Kirit Bhansali, Vice Chairman; Anoop Mehta, President of BDB; Ajesh Mehta, Convener of the Diamond Panel; Russell Mehta, Diamond Panel Member; and Sabyasachi Ray, Executive Director.
The talks addressed the global diamond industry’s major issues, such as high production costs and competition from lab-grown diamonds. Both sides recognized the need for closer cooperation to improve the diamond value chain and ensure the natural diamond sector’s long-term viability.
GJEPC highlighted India’s role as a central hub for diamond trading, manufacturing, and consumption. They suggested that Namibia consider holding diamond auctions in India, using Special Notified Zones (SNZ) in Mumbai and Surat. These zones have recently benefitted from new trade-friendly measures announced in the Union Budget.
The council also emphasized the importance of joint marketing efforts to promote natural diamonds worldwide. The meeting ended with both parties agreeing to keep in touch and explore further collaborations, including knowledge sharing, skill development, and joint marketing initiatives.
This commitment to collaboration aims to strengthen the natural diamond industry and address emerging market challenges, ensuring both countries can succeed together.
