…As the KGK Group opens cutting and polishing factory
By Hilary Mare
GOVERNMENT remains committed to the vision of downstream diamond beneficiation, which is aimed at boosting employment creation and local value addition activities by creating a healthy investment climate for investors,
Minister of Mines and Energy, Tom Alweendo has said.
Speaking at the launch of Sky Investment cutting and polishing factory- a subsidiary of the KGK group- Alweendo highlighted that opening of the factory was a major milestone for the cutting and polishing industry in Namibia, in the sense that it speaks directly to the benefits that the Government of the Republic of Namibia envisaged with the signing of the new sorting, valuing, sales and marketing agreement in May 2016.
“We strongly believe that the improved terms of the new agreement would result in increased opportunities for job creation, skills transfer, investment in infrastructure and technology, and a further integration and empowerment of Namibian citizens at all stages of the diamond value chain. All of which we are witnessing here today,” said Alweendo.
The factory has a current staff compliment of 53 people and plans to add 30 more Namibians by the end of the year.
“Whilst this is commendable, I would like to urge you to create more skills transfer opportunities for Namibian women and the youth by exposing them to other parts of the KGK Group. It is my firm believe that this will not only enhance the worker’s contribution to the overall performance of SKY Investment but more importantly, will lay a strong foundation for integrating previously disadvantaged Namibians into the mainstream diamond industry, which is a key objective of the Harambee Prosperity Plan,” added Alweendo.
Namibian Diamonds manufactured at this factory will be marketed through our offices in 18 countries across the world.
“KGK has been in the Diamond and Jewellery business for over 110 years. Our journey in Africa started in 1996 and we are now the largest employer in our industry in Southern Africa. We started with just two people and now have grown a staff compliment of over 350 people. In the last two decades the Diamond industry has faced many challenges, but, we at KGK we have successfully faced each one of these challenges and have converted them into great opportunities.
“KGK is a strong and loyal partner of the government’s beneficiation programmes we have consistently invested into skills development and local value addition. KGK investment’s in the latest technologies such as the Waterjet laser and the Galaxy ultra makes our factories in Africa competitive as any factory in the world. These investments in technology signals KGK’s intent to create the finest products,” a representative of the KGK group said at the factory opening.
With a global footprint across 18 countries, KGK International Group has evolved as one of the most preferred name in the gems and jewellery realm today. It is one of the few conglomerates who have its presence across the entire spectrum of sourcing, manufacturing and distribution of diamonds and jewellery.
Head quartered in Hong Kong and with a resilient team of over 4000 employees, KGK is present in almost every important commercial centre in Asia, Africa, Europe, America and Australia.
Currently, KGK has multiple up-to-the-minute diamond and jewellery manufacturing units in six countries with marketing offices across the globe.
The group offers a range of exciting branded collections like Martin Flyer, Judith Ripka, Gregg Ruth and Kiros. Complete with retail-ready display systems, these branded collections are ideal for department stores and retailers seeking to offer quality and choice.
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