Botswana’s state diamond company is planning to diversify how it sells precious stones to the market as it gears up to receive far more supply under a multi-year deal the country struck with producer De Beers in July.
The Okavango Diamond Company (ODC) currently sells 25% of the gems produced by the Botswanan government’s Debswana joint venture with Anglo American (AAL.L) unit De Beers via an auction process.