Okavango Diamond Company (ODC) was officially launched amid jubilation on Tuesday as President Ian Khama called on Batswana to safeguard the reputation of their diamonds.
The President encouraged Batswana entrepreneurs to take advantage of spill offs that emerge from the country’s diamond activity.
“We must do whatever is within our means to rid the industry of conflict diamonds and malpractices and offer our consumers across the world more incentives to buy diamonds,” he said.
ODC’s launch follows a successful pilot sale held in July and signals that the company has formally opened its doors to the global diamond market.
In his keynote speech, Khama stated that “ODC’s establishment will allow us to share the best of Botswana to the many international business men and women who will arrive here to buy Botswana’s rough diamonds”.
ODC provides the global diamond industry with access to scale supply of a full range of Botswana’s diamonds at market determined prices.
The Company will hold regular sales via its customised online auction platform following viewings of its diamonds at its purpose built facility in Gaborone.
Recognising the value to customers of committed and predictable supply, ODC also plans to introduce fixed term supply contracts in 2014.
Commenting at the launch, ODC’s Board Chairman, Jacob Thamage stated “ODC’s establishment will help transform Botswana into a leading rough diamond sourcing destination.
We are proud to be opening our doors and we look forward to welcoming customers from across the world to participate in our sales”.
ODC’s inaugural sale will start on 23rd September with viewings running for a two week period, culminating in an online auction to be held on 9th October.
Any company that is involved in the diamond supply chain and wishes to become a customer of ODC is invited to visit the ODC website www.odc.co.bw, where full details of the registration process are provided.