Okavango Diamond Company: A Comprehensive Guide

Overview

Okavango Diamond Company (ODC) is a rough diamond marketing company wholly owned by the Botswana Government. It is the largest source of guaranteed Botswana production in the market.

Background

ODC was established in 1999 to sell rough diamonds from Debswana, Botswana's flagship diamond mining company.

Operations

ODC operates under the supervision of the Botswana Ministry of Minerals, Energy, and Water Resources. It is responsible for:

• Marketing and selling rough diamonds from Debswana
• Negotiating sales contracts with international diamond buyers
• Managing the distribution of rough diamonds
• Providing technical assistance to diamond cutters and polishers

Key Features

• ODC is a major player in the global diamond industry, accounting for about 30% of the world's rough diamond production by value.
• ODC's diamonds are known for their high quality and transparency.
• ODC is committed to sustainable diamond mining and ethical business practices.

Challenges

ODC faces challenges such as:

• Fluctuating diamond prices
• Competition from other diamond producers
• The impact of synthetic diamonds on the market

Conclusion

ODC is a key player in the Botswana economy and a major supplier of rough diamonds to the global market. The company is committed to ethical and sustainable diamond mining practices, and it is well-positioned to continue to play a significant role in the diamond industry in the years to come.