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Business Botswana
De Beers Can Do More, Botswana Group Says
A Botswana employers’ advocacy group has called out De Beers for failing to providesubstantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry haveunfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang...
Mining Jun 18, 2019 Rapaport News
Okavango
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
GIA M2M
First Chinese Retailer Joins GIA’s M2M
Chinese retailer Laelim Jewelry and Belgian manufacturer IGCGroup will collaborate to test the Gemological Institute of America’s (GIA) M2Mtraceability program. Laelim is the first Chinese jeweler to participate in the project, it said last week. The...
Rough Markets Oct 21, 2018 Rapaport News
Okavango
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
Botswana 150
Botswana’s Rough Exports Drop in 1H
Exports of rough diamonds that De Beers mined in Botswanadeclined 2.5% to $1.67 billion in the first half of 2018, according to data thenation’s central bank released this week. Shipments fell 6% year on year to $758.1 million in thesecond quarter,...
Rough Markets Aug 02, 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
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
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
Okavango to Hold Rough Viewings in Mumbai in July
Okavango Diamond Company (ODC) will hold viewings of itsrough stones at the Bharat Diamond Bourse in Mumbai July 20 to 25. These willtake place alongside the company’s regular viewings in Gaborone, Botswana.The goods will be available for...
Rough Markets Mar 07, 2016 Rapaport News
Okavango
Botswana's Okavango Diamond Sales -23% in 1H
Okavango Diamond Company’s rough diamond sales fell 23 percent year on year to $231 million in the first half of 2015, the company confirmed with Rapaport News. “Although we saw a temporary improvement in rough market sentiment and...
Rough Markets Jul 09, 2015 Avi Krawitz
Okavango
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
Botswana Mines Minister
Botswana’s Real Diamond Story Starts Now
Botswana has evolved to become one of the most important diamond centers since De Beers shifted its sorting and sales operations from London to Gaborone and the state-owned Okavango Diamond Company (ODC) launched its...
Mining Sep 21, 2014 Avi Krawitz
Botswana Diamond Technology Park
Okavango to Hold First Diamond Auction in June
The Okavango Diamond Company will hold a pilot sale of rough diamonds on June ‎‎26. The sale is intended to test the company’s systems before ‎it launches full, regular auctions in September.‎Okavango will invite 50 companies to view...
Rough Markets May 07, 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
De Beers Rough
Toby Frears Appointed Head of Okavango Diamond Company
Botswana’s state-owned Okavango Diamond Company (ODC) appointed Toby Frears, a former De Beers executive, its first managing director as the company plans to launch trading ‎in Gaborone by the second quarter of 2013.‎‎“The appointment of Mr. Frears...
Rough Markets Aug 13, 2012 Avi Krawitz
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