Okavango Diamond Company sales jump 80%

Bullish: ter Haar
Bullish: ter Haar

Okavango Diamond Company (ODC) 2016 sales jumped 80% to $546.5 million as global consumer demand for diamonds rebounded.

The increase signals a significant recovery in the market after sales for the state-owned rough diamond marketing company fell 45% in 2015.

 ODC deputy managing director, Marcus ter Haar told BusinessWeek that overall volumes also rose by 115% to 3.44 million carats after accounting for various post sale adjustments through the year.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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