Coronavirus: Demand for Marine Diamonds is Down

By John Jeffay / March 10, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Debmarine Namibia, the world's largest largest marine diamond mining company, has reported a 13 per cent drop in production.The company, a joint venture between De Beers and the Namibian government, produced 1.125m carats as the global pandemic hit demand.Debmarine's existing fleet dredges thousands of tonnes of sediment from 150 meters below the seabed, 12 miles off Namibia's south western coast.The company reported revenue down five per cent to $427m, according to a Reuters report.The miner's new $468m crawler ship, due to take to the seas early next year will add a half a million carat to its annual capacity, a 35 per cent increase on Debmarine's current potential production. 

Pic shows one of Debmarine's current diamond ships

Recent News

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com

TSXV gold producers' output growth for Q4/25 mixed

January 19, 2026 / www.canadianminingreport.com

Rising metals price volatility over past month

January 12, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok