ODC debuts diamond sales to citizens
Monday, September 18, 2023 | 2010 Views |
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Mmetla Masire PIC: PHATSIMO KAPENG
ODC conducts 10 auctions of rough diamonds each year, attended by buyers from across the world who bid on an auction basis for the different sizes and types of stones on offer.
The company sources its diamonds from an annual 25% allocation of Debswana’s production, a figure expected to rise to 30% this year when the new deal between the government and De Beers kicks in. The ODC sells its stones on a spot auction basis, where buyers registered on its books bid for parcels on a competitive basis.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...