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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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