ODC suspends sales, Lucara stays the course
Friday, October 27, 2023 | 420 Views |
Tough decisions: Masire PIC: KENNEDY RAMOKONE
The decision is yet another indicator of the pressures in the diamond market after the most challenging year since 2019, with falling prices and consumer demand.
ODC’s announcement this week echoes a recent decision by De Beers to give its rough diamond buyers full flexibility in their allocations for the last two auctions of the year. Prior to that, Indian cutting and polishing firms, which process 80% of the world’s rough diamonds, had announced a two-month suspension of imports.
BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...