THE DIAMOND MINING INDUSTRY GENERATES OVER 40% OF NAMIBIA'S ANNUAL EXPORT EARNINGS.
As one of Namibia's major natural resources, diamonds have created approximately 3,200 jobs and contribute approximately 10% of GDP. They are bringing real improvement to the daily lives of Namibia's people, providing essentials such as school books and electricity. The diamond industry and Namibian Government have partnered to create local cutting and polishing industries to further expand the country's economy and provide revenues for more families and communities in Namibia.
- International Monetary Fund 2006 estimate http://www.imf.org/external/pubs/ft/scr/2006/cr06153.pdf