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Debmarine Namibia Annonuces To Invest In World’s First Ever Custom-Built Diamond Recovery Vessel

Last Updated May 20, 2019

Debmarine Namibia Annonuces To Invest In World’s First Ever Custom-Built Diamond Recovery Vessel 1

Debmarine Namibia announced that its Board of Directors have approved the construction of the world’s first ever custom-built diamond recovery vessel.

The new vessel is expected to cost US$468 million (N$7 billion) and represents the largest ever single investment in the marine diamond industry.

The ship will become the seventh vessel in the Debmarine Namibia fleet and is scheduled to start operations in 2022. On completion, the vessel is expected to add 500,000 carats annually to Debmarine Namibia’s production, an increase of approximately 35% on current production.

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