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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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