Namibia

Belgium’s King Yet to Address Namibia’s Concerns Over G7 Diamond Ban

today2 May, 2024

Background

King Philippe of Belgium has yet to respond to President Nangolo Mbumba’s concerns about the G7’s ban on importing non-industrial diamonds from Russia. Mbumba highlighted the adverse effects this ban would have on Namibia’s diamond trade, as well as its impact on other African diamond-producing nations like Botswana and Angola. The ban could increase costs and hinder trade, posing a significant threat to these countries’ economies. Namibia, a major diamond miner in southern Africa, saw a 9% increase in rough diamond production last year, reaching 2.3 million carats compared to the previous year’s 2.1 million carats.

Written by: Leonard Witbeen