ODC's March Sale Sees Single-Stone Highest Value

The March sale was held prior to the global lockdowns, just before the severity of the COVID-19 pandemic began to spread.  Managing Director of ODC, Marcus ter Haar, said that like many players in the industry, the company has undoubtedly witnessed the effects of COVID-19 on its rough diamond sales. 

"The company has since taken the decision to cancel its sales, which were originally scheduled during both April and May," he said.   With many global jewellery retail stores closed, pipeline demand is at historical lows. The industry is experiencing cuts in production forecasts for 2020 as a result of the suspension of mining and manufacturing activity across the globe. This has negatively impacted import and export of diamonds and diamond jewellery across the trade.