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De Beers Marine Namibia aims for 1.05 million carats in 2007.(FACETS)

Israel Diamonds,  June, 2007  

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De Beers Marine Namibia has set a production target of 1.05 million carats of rough diamonds in 2007, said Peter Cook, a captain on the m.v. Debmar Pacific, one of the company's five mining ships, as quoted in the Namibia Economist.

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The company is 70 percent owned by De Beers and 30 percent owned by Namdeb, the 50-50 joint venture between De Beers and the Namibian government. In 2003, it produced 602,000 carats of rough, rising to 840,000 carats in 2004, 920,000 carats in 2005--greater than land-based diamond production in the country that year--and 1.018 million carats in 2006. ...

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