ODC April auction fetches P620m

Friday, April 25, 2014

The Okavango Diamond Company (ODC) recently held April auction fetched about P620 million as the fledging company’s second trading season gathers momentum.

ODC sells diamonds via 10 online spot auctions per year, having launched commercial sales in October. According to figures made available by ODC this week, the April sale, the third of the year, sold a total 355,688.71 carats for a sale value of $70,4 million (P620 million).

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