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Marcus Ter Haar Okavango
Okavango Diamond Chief Resigns
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...
Rough Markets Nov 26, 2020 Avi Krawitz
Botswana Unveils 20ct. Okavango Blue Diamond
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...
Polished Markets Apr 17, 2019 Rapaport News
Okavango Revenue Falls in First Half
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...
Rough Markets Aug 21, 2018 Rapaport News
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
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...
Mining Jul 09, 2018 Avi Krawitz
Okavango 150
Okavango to Implement GIA’s M2M Tracking
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...
Rough Markets Jul 01, 2018 Rapaport News
Okavango Annual Rough Sales Increase
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...
Mining Jan 15, 2018 Rapaport News
GIA Smart-Card
The GIA’s Forays into Diamond Tracking
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...
Polished Markets Jun 29, 2017 Avi Krawitz
De Beers Sorting
Diamond Trading Drives Botswana Growth
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...
Rough Markets Jun 27, 2017 Rapaport News
Okavango Unveils New Way of Selling Rough
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...
Rough Markets Dec 22, 2016 Avi Krawitz
Okavango 1H Rough Sales Soar on Record Supply
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...
Rough Markets Jul 13, 2016 Rapaport News
Botswana Flag
Botswana’s Diamond-Export Slump Weighs on Economic Growth
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...
Rough Markets Feb 07, 2016 Rapaport News
Okavango Sales
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...
Rough Markets Jan 23, 2015 Avi Krawitz
ian khama
Okavango Diamond Co. Holds Opening Ceremony
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...
Rough Markets Sep 17, 2013 ODC
Almas Tower
Competitive Diamond Hubs
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...
Polished Markets Mar 22, 2013 Avi Krawitz
DTC Botswana Building
Botswana Rises
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...
Rough Markets Aug 17, 2012 Avi Krawitz
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