Okavango Diamond Company sales jump 80%

Friday, February 03, 2017

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.

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