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Botswana’s Okavango first-half diamond sales up 9%

The company has sold 1.8 million carats in five auctions held since January.

GABORONE – Botswana’s state-owned Okavango Diamond Company (ODC) sales rose 9% to $309 million in the first half of the year as demand improved, its deputy managing director said on Friday.

Marcus ter Haar told Reuters the company had sold 1.8 million carats in five auctions held since January.

“The volumes of carats sold were 3% higher than the same period in 2016,” he said.

ODC, which plans to have ten tenders this year, sells 15% of the output of Debswana, a joint venture between Anglo American’s De Beers and Botswana, which is targeting production of 20.5 million carats this year.

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Werner Swanepoel

Werner Swanepoel

Optimum Financial Services Group
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