DTC relocation-A golden era part 2

The recent Okavango Diamond Company first trial sales published results shows a 51 percent premium over the reserve prices. The reserve prices could not have been below the DTC prices. What the tender therefore proved is that the price paid for Debswana diamonds was less than the market prices at most given times. This was the trend in the past 42 years of Botswana diamond production. When some of us advocated many years ago, for a minimum of 10 percent independent sale of Botswana diamonds to monitor their performance in the international rough market, we were seen as destroyers of the industry and hated by some, who had been completely captured by the Old De Beers indoctrination. They did not have the foresight, but sadly, had the authority to refuse taking this route. We had the foresight, but did not the authority! However, though terribly belated, we thank God that it is now happening.