CAPITAL MARKETS

Better days for Namakwa

KARL Simich will be a far happier man than he was 2-3 months back after the company he manages, Namakwa Diamond Co, revealed this week that diamond production from its alluvial operations in South Africa for the June quarter would be more than double that recorded in the March period.

Michael Quinn

Better days for Namakwa

Namakwa said that it had recovered 54,933 diamonds weighing 4602 carats in the quarter (up to June 21), with only 2287 carats produced from January through March. The big difference, as forecast, has...

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