ODC sales fall 20% on weaker market

ODC, which has held four 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.

Stakeholder relations executive officer at ODC, Kutlo Thathana told BusinessWeek that from January to May 2015, the four auctions have accrued total sales of approximately 1.02 million carats for $193,1million (P1.8 billion).