Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

LLD to Sign Workers Contract in Namibia Polishing Plant

August 27, 06 by IDEX Online Staff Reporter

LLD’s polishing plant in Windhoek, Namibia has reportedly agreed to sign full-time employment contracts with 356 employees. The workers, who are on training, have rejected a previous draft of contract. The contracts will be signed September 1.

 

Israeli diamond magnate Lev Leviev established the Namibian polishing facility in 2004, as Africa's largest diamond cutting and polishing plant, saying that in contrast to De Beers, he was prepared to keep Namibia's diamonds in the country and create jobs for locals rather than export them and not give the country any added value operations.

 

The $6.5 million factory was planed to have the capacity to polish 25,000 to 30,000 carats of diamonds monthly and employ more than 500 people once in full operation.

 

However the plant met a few snags. Leviev’s local marine operation, Samicor, yielded diamonds weighing 0.3 - 0.35 carats. According to an LLD source, these goods are unfitting for the plant.

 

Another issue was the workers contract. Some of the workers went on a two-day strike last month, protesting the proposed contract. Following the intervention of the Mineworkers Union of Namibia (MUN) the issues were resolved.

 

The contract will be similar to those of other polishing plants in the country.

Diamond Index
Related Articles

Leviev’s Namibian Dilemma: Samicor Output Disappointing and Factory Has No Access to Local Rough

November 17, 05 by Chaim Even-Zohar

Read More...

Leviev Turning to De Beers for Rough for Namibia Plant

July 06, 05 by Albert Robinson

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter