Botswana's Okavango Rough Diamond Sales Up 9% in H1 2017

Mining and Exploration
16/07/2017 00:43

Botswana's state-owned Okavango Diamond Company (ODC) sales rose 9 percent to $309 million in the first half of the year as demand improved, its deputy managing director said on Friday. Marcus ter Haar told Reuters the company had sold 1.8 million carats in five auctions held since January, for an estimated average price of $172 per carat. "The volumes of carats sold were 3 percent higher than the same period in 2016," he said. ODC, which plans to have 10 tenders this year, sells 15 percent of the output of Debswana, a joint venture between Anglo American Plc's De Beers and Botswana, which is targeting production of 20.5 million carats this year.