Namibia stops supply of rough diamonds to Leviev’s firm

17.06.2012                      27.Siwan. 5772

Wirtschaft:

Namibia stops supply of rough diamonds to Leviev's firm

Differences with De Beers are behind move, says source.

The state diamond company in the southwestern African country of Namibia will no longer supply uncut diamonds to Israeli businessman Lev Leviev's firm, the Namibian press reported last week.
Leviev's company, LLD, had a five-year contract to purchase rough diamonds from the Namibian government, but the country's minister of mines and energy, Isak Katali, announced that the contract would not be renewed due to what he said were Leviev's firm's failure to meet Namibia's requirements, said the local press….