The diamond mining industry is an important part of Namibia's economy. It contributes about 10% to GDP and employs about 100,000 people. The majority of Namibia's diamonds are exported to Europe, the United States, and Asia.
The Namibian government has a 50% stake in the country's largest diamond mine, Namdeb. The other 50% is owned by De Beers. Namdeb is responsible for producing about 80% of Namibia's diamonds.
The Namibian government uses the revenue from diamond mining to fund various development projects, including education, health care, and infrastructure.