https://www.miningweekly.com

Botswana’s Okavango posts record diamond sales at $567m

12th January 2018

By: Reuters

  

Font size: - +

GABORONE – Botswana’s Okavango Diamond Company (ODC) posted a 4% jump in sales to $567-million in 2017, the highest annual sales since its formation in 2013, the company said on Thursday.

The State-owned company sold 3.41-million carats of diamonds in 2017, managing director Marcus ter Haar told Reuters, adding that the year was characterised by healthy demand and prices in the first half, weakening from July through to November.

"December saw rough (diamond) prices beginning to strengthen and all things being equal, together with what seems to have been a favourable season in the US and China, ODC remains cautiously optimistic for the first half of 2018,” he said.

ODC, which held 10 tenders in 2017, sells 15% of the production of Debswana, a joint venture between Botswana’s government and Anglo American's De Beers.

Edited by Reuters

Comments

Latest News

The Woodsmith project, in the UK
BHP’s bid for Anglo casts cloud over $9bn fertiliser mine
Updated 1 hour 5 minutes ago By: Bloomberg

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.126 0.165s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: