Ankit Gems has inaugurated its new diamond cutting and polishing plant in Namibia, marking a significant stride in the country’s efforts to strengthen local beneficiation within the diamond sector. The multi-million-dollar facility, which will employ 148 people—most of them Namibians—aims to process rough stones locally using world-class technology.
Namibia’s Minister of Industries, Mines and Energy, Frans Kapofi, praised the initiative, highlighting its role in advancing the nation’s diamond value chain. He noted that the plant’s adoption of advanced digital tools would enable polished stones to reach leading global markets across Europe, Asia, and the United States.
“This initiative comes at the right time, supporting our goal to address unemployment and build local expertise through high-tech training and sustainable job creation,” Kapofi said. He added that the factory’s establishment reflects growing investor confidence in Namibia’s economy and its conducive business environment.
In a message delivered on behalf of President Netumbo Nandi-Ndaitwah, the government reaffirmed its commitment to ensuring that Namibians gain maximum benefits from their natural resources. The President acknowledged the diamond industry’s critical contribution to GDP, foreign exchange, and employment, while also stressing the need for innovation amid rising competition from lab-grown diamonds.
“To remain competitive, it is essential that we enhance our craftsmanship, uphold ethical sourcing, and elevate the Namibian diamond brand globally,” she said.
President Nandi-Ndaitwah also lauded India’s collaboration with Namibia in mining and investment, noting that Ankit Gems’ expansion stands as an example of successful international partnerships that generate jobs, build local capacity, and strengthen economic resilience.