Home / Knowledge / News / Fashion / Thai investors can bring back shine in diamond sector

Thai investors can bring back shine in diamond sector

Mar '08
Namibia and Thailand have been enjoying good trade relation for a long time. To strengthen the tie further, Neville M Gertze, Ambassador of Namibia to Thailand, recently had a meeting with Mingkwan Sangsuwan, Deputy Prime Minister, Thailand.

Mr Gertze urged Thailand to invest in Namibia's diamond cutting and mining sector, since the country has made foreign trade rules liberal, and now there is no restriction on overseas ownership.

The mining industry in Namibia, has been witnessing a decline in growth over past few years, due to closures of several mining ventures .

To improve the situation, local Government has even added 100 new concessions mainly for diamond mining which would be granted to private companies for smoother operations. These mines have the capacity to produce around 1,00,000 carats of diamond per month.

De Beers, one of the leading producers of diamonds also operates in Namibia and produces nearly one million carats diamond yearly.

The country is renowned world wide for diamond industry, which plays a vital role in its economy. Mining and manufacturing accounts for 74 and 11 percent in Gross Domestic Product (GDP)of Namibia.

The country has a rich source of gems and precious stones like tourmaline, amethyst, topaz, tiger-eye and red quartz, and minerals including gold, uranium, copper and zinc.

Industry insiders believe that, once money starts flowing in, the nation can earn lot of foreign currency through export of precious stones and gems.

Interviews View All

Cindy McNaull, Cordura

Cindy McNaull

We have broad range of options in durable fabrics

Priyanka, Studio Priyanka Rajiv

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rahul Bhadani, Looksgud

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search