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Okavango Diamond Chief Resigns
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Marcus ter Haar stepped down last week as managing director of Okavango Diamond Company (ODC), the Botswana parastatal confirmed with Rapaport News. Ter Haar joined ODC as deputy managing director when the company...
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Rough Markets
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Nov 26, 2020
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Avi Krawitz
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Botswana Unveils 20ct. Okavango Blue Diamond
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Okavango Diamond Company (ODC) has revealed a 20-caratpolished stone, the largest blue diamond to come out of Botswana. The Gemological Institute of America (GIA) has graded the oval brilliant-cut, type IIb diamond as fancy deep...
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Polished Markets
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Apr 17, 2019
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Rapaport News
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Okavango Revenue Falls in First Half
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Sales at Okavango Diamond Company (ODC) dropped 16% to $260 millionin the first half of 2018 due to a limited supply of rough, Reuters reported. Sales volume declined 1.7% to 1.8 million carats, theBotswana-based trading company added...
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Rough Markets
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Aug 21, 2018
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Rapaport News
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De Beers, Botswana Prep for New Sales Deal
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Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
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Mining
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Jul 09, 2018
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Avi Krawitz
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Okavango to Implement GIA’s M2M Tracking
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Okavango Diamond Company (ODC) has signed on to use theGemological Institute of America (GIA)'s M2M tracking program for some of itsrough stones. ODC’s July spot auction will be its first to featurediamonds that have been evaluated...
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Rough Markets
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Jul 01, 2018
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Rapaport News
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Okavango Annual Rough Sales Increase
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Botswana’s Okavango Diamond Company (ODC) reported that rough sales rose 4% in 2017, boosted by higher prices achieved at its auctions. Sales totaled $567 million for the year, compared to $546 million in 2016, the state-owned...
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Mining
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Jan 15, 2018
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Rapaport News
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The GIA’s Forays into Diamond Tracking
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What business does a gemological laboratory have telling stories about diamonds? That was the unspoken question Matt Crimmin had to answer in his presentations at JCK Las Vegas earlier this month. As vice president of lab...
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Polished Markets
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Jun 29, 2017
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Avi Krawitz
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Diamond Trading Drives Botswana Growth
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Botswana’s gross domestic product (GDP) grew 4.3% in 2016, mainly due to an improvement in the nation’s diamond trade, the Bank ofBotswana said last week.An increase in wholesale activity by diamond companies operating in Botswana,such as De Beers’ Global...
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Rough Markets
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Jun 27, 2017
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Rapaport News
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Okavango Unveils New Way of Selling Rough
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Okavango Diamond Company will test selling rough diamonds via term auctions next year, providing customers with consistent supply during a period, managing director Toby Frears told Rapaport News. “In response to requests...
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Rough Markets
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Dec 22, 2016
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Avi Krawitz
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Okavango 1H Rough Sales Soar on Record Supply
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Okavango Diamond Company’s sales surged after the volume of rough supplied climbed to a record in the first half. Sales soared 23 percent to $284 million, while the volume catapulted 35 percent to 1.75 million carats, a spokesperson for...
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Rough Markets
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Jul 13, 2016
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Rapaport News
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Botswana’s Diamond-Export Slump Weighs on Economic Growth
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A slump in global demand for diamonds hit Botswana’s economic growth as exports of rough diamonds fell 39 percent to $2.41 billion in 2015, according to provisional data published by the Bank of Botswana. “The continued slowdown of growth in the global...
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Rough Markets
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Feb 07, 2016
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Rapaport News
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Okavango Sales
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Okavango Diamond Company completed a successful first full year in business in 2014. The Botswana parastatal sold approximately 3.27 million carats for revenue of $552 million during the year, management told Rapaport News. That...
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Rough Markets
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Jan 23, 2015
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Avi Krawitz
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Okavango Diamond Co. Holds Opening Ceremony
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Press Release: The Okavango Diamond Company (ODC) was officially launched today in Gaborone, Botswana, by His Excellency the President, Lieutenant General Seretse Khama Ian Khama (pictured). ODC’s launch follows a successful pilot sale...
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Rough Markets
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Sep 17, 2013
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ODC
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Competitive Diamond Hubs
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In many respects, the contrast could not have been starker. Two vastly different diamond industry events took place this week, one in Dubai and the other in Ramat Gan, seemingly with different agendas...
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Polished Markets
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Mar 22, 2013
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Avi Krawitz
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Botswana Rises
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There was a buzz emanating from Botswana this week felt well beyond its borders as De Beers launched its aggregation activities in Gaborone and Okavango Diamond Company finally appointed a managing director. Considering that Botswana...
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Rough Markets
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Aug 17, 2012
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Avi Krawitz
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