ODC sales dip 23% as diamond market softens

ODC, which has held five tenders in 2015, is expected to sell 14 percent of Debswana’s production through auctions this year as Botswana seeks to develop its own price book through the independent window outside of De Beers’ channels.

“Although we saw a temporary improvement in rough market sentiment and prices early in 2015, prices dipped again after the March Hong Kong show and the recent bankruptcies in India have now prompted further uncertainty in the market,” Toby Frears, Okavango’s managing director told Rapaport News.