The revenues in 2022 were an all-time high for the ODC, the 11-year old wholly government-owned company that is entitled to purchase up to 25% of Debswana’s output. ODC was borne out of the 2011 negotiations between government and De Beers for a new sales deal, which saw the state successfully securing an agreement to establish its own diamond trading platform independent of the De Beers sales ecosystem.
The revenue performance in 2022 came off the sale of six million carats, ODC managing director, Mmetla Masire told BusinessWeek.
