ODC seals deal to add sparkle to diamonds

Deal done: Masire, Rapaport and GIA executive vice president, Tom Moses at the briefing in Las Vegas PIC: MBONGENI MGUNI
Deal done: Masire, Rapaport and GIA executive vice president, Tom Moses at the briefing in Las Vegas PIC: MBONGENI MGUNI

LAS VEGAS: State diamond firm, Okavango Diamond Company (ODC) has secured a partnership with Rapaport and the Gemological Institute of America (GIA) that gives local stones an exclusive rating for ethical origin as well as premium listing on the world’s biggest diamond trading platform.

Rapaport’s RapNet trading platform boasts daily listings of 1.6 million valued at over $7.4 billion (P101bn), with 16,000 members in 97 countries. Rapaport also publishes the Rapaport Price List, the diamond industry’s standard for the pricing of diamonds. The GIA is the diamond industry’s main grading and certification institution for quality and type of stones.

Under the partnership, ODC’s diamonds will be assigned a 'green star' rating identifying their origin and potentially securing a premium in a market that is increasingly demanding diamond traceability and the highest ethical sourcing standards.

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