JOHANNESBURG – Botswana's State-owned Okavango Diamond Company's (ODC's) sales jumped 80% to $547-million in 2016 as global consumer demand rebounded, its deputy managing director said on Monday.
Marcus ter Haar told Reuters that overall volumes also rose by 115% to 3.44-million carats after accounting for various post sale adjustments through the year.
While sales were significantly higher in 2016, average price per carat weakened to $158.78 from $183.78 in 2015, he said.
"The fall in average price per carat is attributable to the different mix of diamonds sold over the two periods," he said.