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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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