Namdeb sales up 16 percent in first half.(Facets)

Namdeb has posted a banner first half of 2004, with diamond sales up 25 percent in weight terms to 810,000 carats and 16 percent in dollar terms to N$1.7 billion (U.S. $256 million), according to The Namibian newspaper. Namdeb is jointly owned by De Beers and the government of Namibia.

Namdeb officials told the newspaper at a press conference in Windhoek, that the improved results were due to the increase in sales by weight and better prices in U.S. dollars, which offset the negative impact of the strengthening ...

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