Namakwa agreement with Harry Winston

Namakwa Diamonds Limited has signed a marketing agreement with Harry Winston Inc., the premier jewellery and timepiece retailer, whereby Namakwa will supply Harry Winston with polished diamonds suitable for sale through their salons worldwide and Namakwa will have the opportunity to benefit from the retail pricing of certain diamonds sourced through Namakwa. The combination of Harry Winston’s retail network and Namakwa’s mining, buying and beneficiation expertise will serve to extend the reach of our fine gemstones to customers throughout the world.

Through the Agreement, Harry Winston secures greater access to a regular supply of quality diamonds consistent with Harry Winston’s positioning as the pre-eminent purveyor of “rare jewels of the world” from the increasingly important territory of Southern Africa, where it currently has no buying activities and where Namakwa is a well known diamond company with over 30 years experience. With knowledge provided by Harry Winston’s client demand for specific types and qualities of diamonds, Namakwa will be able to source suitable diamonds from its mining and buying channels.

Nico Kruger, Chief Executive Officer of Namakwa said, this is a landmark agreement for Namakwa. It confirms the value inherent in our vertically integrated model and we are proud to be associated with the leading retail brand name for high quality diamond jewellery. The agreement will yield substantial value to both businesses and we have already started assessing our inventory to identify the first series of stones to be distributed via Harry Winston’s retail network.

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