Botswana's Okavango First-Half Diamond Sales Up 9 Percent

Botswana's Okavango Diamond Company (ODC) posted an increase in sales of 9 percent to $309 million in the first half of this year resulting from an improvement in demand.

The state-owned company sold 1.8 million carats in five auctions held in the January-June period.

"In volume terms, there was a 3 percent rise on the year, indicating a higher per carat price had been achieved.

ODC sells 15 percent of the output of Debswana, the De Beers-Botswana government joint venture, and was established as part of the 10-year sales agreement signed by the sides in 2011.