Diamond sales soar

Weekend Argus (Saturday Edition) - - LIFE -

GABORONE: Oka­vango Diamond Com­pany’s (ODC) firsthalf sales rose 23 per­cent to $284 mil­lion (R4.1 bil­lion) and vol­umes jumped 35 per­cent to 1.75 mil­lion carats, boosted by a ro­bust first quar­ter when in­ven­to­ries were run down, the Botswanan firm said.

State- owned ODC, which has held five ten­ders this year, is ex­pected to sell 15 per­cent of the pro­duc­tion of Deb­swana, a joint ven­ture be­tween Botswana’s gov­ern­ment and An­glo Amer­i­can’s diamond unit De Beers.

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