Market headwinds drag ODC sales down 35%

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CAPE TOWN: Okavango Diamond Company (ODC) value of sales fell by 35 percent in the first nine months of the year compared to the same period in 2014 as global market headwinds impacted demand for rough diamonds.

In the period January to September, ODC  sold 1.64 million carats of rough valued at $303 million. 

According to ODC deputy managing director, Marcus ter Haar this represented a 35 percent drop in the value of rough stones sold in the same period last year, which stood at $463 million.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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