ODC opens trading platform in Dubai

Prior to the latest development, buyers of ODC’s rough diamonds have bid online, following the viewing of the lots in Gaborone. Last year, however, COVID-19 closed local borders and forced the suspension of sales in April and June, resulting in the trader establishing a viewing and sales platform in Antwerp, Belgium.

This week, the ODC announced a partnership with the Dubai Multi-Commodities Centre (DMCC) which will allow rough diamonds from Botswana to be viewed and sold to buyers in that country. Established by the United Arab Emirates government, DMCC is a state-of-the-art trading complex in Dubai, a major city for trade in gold and diamonds with more than $75 billion in annual values.