Andre Messika Diamonds has distributed an endowment to its Namibian employees through a shared trust.
It has allocated a total of NAD 180,000 ($10,196) to a share participation trust to reward workers at its Namibian entity for their “resilience, unity and commitment,” ensuring they will hold 25% of the company, it said last week.
Established in 2007, Andre Messika’s Namibian business has since been a prominent contributor to the country’s diamond sector. However, the broader global decline in the diamond market has made this year its most difficult to date.
“Despite these difficulties, the company has chosen to honor its Namibian employees — not only when profits are strong, but in recognition of their loyalty, hard work, and shared sense of ownership,” the company stated.
Some 90% of the company’s 71 employees are Namibian. With a workforce that includes a high number of hearing-impaired and wheelchair-using employees, the company claims to be the country’s largest private employer of people with disabilities.
“Through the dedication of our Namibian shareholders, every diamond cut and polished here carries more than brilliance,” said director Marc Friedman. “It tells a story of provenance, authentic craftsmanship, responsible luxury, and Namibia’s proud heritage — a shining example of human growth and artistry.”