In 1908 the first diamond was discovered approximately 10 km inland from Lüderitz and in the resulting diamond rush, towns like Kolmanskop, Elizabeth Bay and Pomona (to name a few) mushroomed in what is now known as the “Sperrgebiet”. Today, one can visit these “Ghost” towns on organized tours from Lüderitz.

Lüderitzbucht's economy has had its up's and down's over its 120 years existence. Its present upward swing started slowly after the celebration of the centenary in 1983 mainly in tourism and various investors in small to medium industries. Since Namibia gained its independence in 1990 Lüderitzbucht has attracted bigger investors mainly in the fishing industry. The re-opening of the Elizabeth Bay mine has also contributed to its economical growth.

Today, Lüderitzbucht is a bustling town bursting out of its seams with people, employed and unemployed. The “old” part of Lüderitzbucht has retained its German atmosphere as far as the architecture is concerned.

For the visitor there are 5 hotels, 11 guest houses, 2 backpacker (budget) accommodation as well as camping and some bungalows to choose from. There are 3 banks, supermarkets, shops, a post office, restaurants, pubs and the waterfront development. The next phase of this development is scheduled to start 2004.

Various tours in and around Lüderitzbucht can be undertaken either in one's own vehicle or with various operators in town.