{"id":67880,"date":"2024-05-01T15:49:40","date_gmt":"2024-05-01T15:49:40","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment"},"modified":"2024-05-01T16:39:12","modified_gmt":"2024-05-01T16:39:12","slug":"using-the-value-of-diamonds-for-upliftment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment","title":{"rendered":"Using the value of diamonds for upliftment"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>TaTe Diamonds, an investment holding company headquartered in Windhoek, is on a mission to become a fully vertically-integrated Namibian-owned diamond company operating internationally among other leading diamond companies.<\/p>\n

Founder and managing director Tangeni Shiimi yaShiimi said the company is fully-operational with cutting and polishing at the factory located in Windhoek. These operations are described as the backbone of the company, which boasts a diverse workforce, comprising of 10 Indian expatriates and 23 Namibians.<\/p>\n

\u201cWe are proud to be able to produce both round and fancy cut polished diamonds of the highest quality. We are continuously embracing the latest technology and best practices to ensure our production numbers and quality remain globally competitive,\u201d stated Shiimi yaShiimi during the enterprise development programme graduation this week.<\/p>\n

In January 2023, TaTe Diamonds was selected to be part of the Namibia Diamond Trading Company\u2019s (NDT) enterprise development programme, leading to notable milestones such as the formation of TaTe Jewels, the polished jewellery distribution arm in Atlanta, US.<\/p>\n

\u201cThis is a critical part of our vertical-integrated strategy, which will see the US retailing our polished diamonds as well as diamond jewelry in the US market. The end may be an owned and sourced-only Namibian-mined diamond outlet that places us in a unique space to focus on provenance as a key marketing strategy,\u201d said Ya Shiimi.<\/p>\n

He added the company aims to encapsulate provenance and traceability, working with ethically-sourced diamonds while building a financially-sound, robust, scalable business.<\/p>\n

Moreover, the company believes that corporate social investment is key. Hence, apart from direct and indirect social-economic impact of employing and upskilling Namibians, it also sponsors annual Christmas lunches for retirees.<\/p>\n

\u201cThe Christmas lunch includes shopping vouchers for all families, as well as the distribution of food baskets. We sponsor two orphanages, Megameno and Dolam Children\u2019s Home. We are committed to expanding our social responsibility efforts by distributing a share of the company profits to the community as soon as cash flow stability and profitability are achieved,\u201d stated yaShiimi.<\/p>\n

Meanwhile, NDTC\u2019s CEO Brent Eiseb updated the diamond trading company\u2019s performance over the 2023 financial year, noting although they have seen some stability during the first two months of 2024, the jury remains out on how the industry will perform for the rest of the year.<\/p>\n

He noted that for the 2023 financial year, NDTC has sorted, valued and marketed more than 2.3 million carats.<\/p>\n

Eiseb highlighted: \u201cTo fully capacitate this, NDTC has increased its staff complement by 13%, particularly in the diamond sorting and valuation department, and has at the same time expanded its technological cultural footprint with successful adoption of world-class sorting technology that enables efficient and effective methods of facilitating its sorting and valuation mandate.\u201d<\/p>\n

Notable achievements by NDTC include investments in training and development worth N$1.9 million, and N$100 million in dividends paid to shareholders. The company has also paid N$197 million in export levies.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. TaTe Diamonds, an investment holding company headquartered in Windhoek, is on a mission to become a fully vertically-integrated Namibian-owned diamond company operating internationally among other leading diamond companies. Founder and managing director Tangeni Shiimi yaShiimi said the company is fully-operational with cutting and polishing at the factory located in Windhoek. These operations […]<\/p>\n","protected":false},"author":84,"featured_media":67879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-67880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nUsing the value of diamonds for upliftment - Namibia<\/title>\n<meta name=\"description\" content=\"TaTe Diamonds, an investment holding company headquartered in Windhoek, is on a mission to become a fully vertically-int ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using the value of diamonds for upliftment\" \/>\n<meta property=\"og:description\" content=\"TaTe Diamonds, an investment holding company headquartered in Windhoek, is on a mission to become a fully vertically-int ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-01T15:49:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-01T16:39:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1714568795.783233.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"462\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Using the value of diamonds for upliftment\",\"datePublished\":\"2024-05-01T15:49:40+00:00\",\"dateModified\":\"2024-05-01T16:39:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment\"},\"wordCount\":493,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1714568795.783233.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/using-the-value-of-diamonds-for-upliftment\",\"name\":\"Using the value of diamonds for upliftment - 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