Namibian Diamond Co. Suspends CEO, COO After Deadly Heist
Namib Desert Diamonds also put its security manager on leave following last month’s robbery that left one employee dead.

On Monday, the company announced that its board passed a resolution over the weekend to suspend CEO Alisa Amupolo, Chief Operations Officer Uahoroka Kauta, and Paulinus Sheyapo, the manager of security.
The board appointed Lelly Usiku to serve as interim CEO to ensure “business continuity.”
An economist by training, Usiku is head of the diamond company’s market development, sales, and branding operations, and has stepped in as interim CEO before.
The robbery happened in the early evening hours of Jan. 18 when several individuals, allegedly aided on the inside by one of the company’s employees, entered Namdia’s headquarters in the Namibian capital of Windhoek.
Gunfire broke out during the robbery and two individuals were killed—58-year-old Francis “Gosh” Eiseb, a Namdia security guard who had been with the company since 2019, and one of the suspects, Max Endjala.
Two individuals have been arrested and charged in the case, including the Namdia security guard who allegedly served as the mastermind behind the robbery.
Namdia has said little publicly about the details of the crime, including the value of the diamonds stolen, and repeatedly has postponed a joint press conference with Namibia police.
On Monday, the board said the decision to suspend its CEO, COO, and security manager was “not taken lightly,” but felt it was the right decision to prevent any questions being asked about the integrity of the investigation and the process of recovering the stolen diamonds.
“At this stage, we have no reason to suspect any Namdia employees apart from the suspect already in custody. The Namdia board has decided to take this urgent precautionary step in the business’ best interests, as well as to protect the integrity of both the executives and the investigation,” the board said.
“As we chart a course through these tragic events, the investigation and recovery process must be concluded as quickly as possible.”
The Latest

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

José Gaztelu has been promoted to the role, which has been vacant since last year.


It has also opened the application period for the Seymour & Evelyn Holtzman Bench Scholarship through June 30.

The company announced the change alongside its Q1 results, which showed that the jewelry brand’s year is off to a shaky start.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

The retailer will cut 16 percent of its corporate workforce as part of its plan to exit bankruptcy.

Of the many examples used in the filming of “Le Mans,” this one is believed to have spent the most time on Steve McQueen’s wrist.

Megan Piccione dressed Lauren Wasser in layers of diamond jewelry, making her stand out in a crowd that included celebrities like Beyoncé.

The museum’s new exhibition will feature one of Jesse Owen’s Olympic medals, Yogi Berra’s crown, Super Bowl rings, and more.

The new program provides access to media exposure and editorial opportunities for exhibitors and retailers.

The “Eclipse” jewelry collection captures the fleeting moment where light and shadow align though onyx, diamonds, and freshwater pearls.

Buying discipline at trade shows starts with clarity about your inventory levels, Smith writes.

Lazaro Rodriguez Vega was murdered inside Cash Out Gold and Silver in Fort Pierce. A 20-year-old man has been charged in the case.

A portion of every engagement ring sold in its Austin showroom will support the care and preservation of Austin’s wildflowers and green spaces.

Their partnership combines Gemist’s customization technology with Saban Onyx’s U.S.-based manufacturing capabilities.

Respondents were concerned about the Middle East conflict and how it will impact their finances.

Our Piece of the Week, the “Butterfly” necklace, showcases a 7.02-carat oval diamond set between diamond, platinum, and 18-karat gold wings.

Smith uses a comment he overheard in the grocery store to remind retailers that their job is to inspire buying behavior, not just sell.

“A Girl SMR at Claire’s” celebrates girlhood through the five senses with stacked jewelry, slime toys, scented accessories, and ASMR.

Believed to be one of three made in 1987, the Cartier London Crash was hot at the “Shapes of Cartier” sale at Sotheby’s Hong Kong.

Officials are looking for a group that robbed Marc Robinson Jewelers at an outlet mall in Round Rock, Texas, in broad daylight on April 21.

Sponsored by OROAREZZO International Jewelry Exhibition

Some retailers are taking a nuanced approach to marketing what can be a difficult holiday for many.

The Edge has announced its new CEO, as well as a new partnership with an investment firm focused on founder-led software businesses.


























