Sunday Standard
ODC nine-month spot sales reach P3.3 billion
Okavango Diamond Company (ODC) sold about 1.31 million carats of rough diamonds for $240.3 million (P3.25 billion) in disclosed spot auctions during the first nine months of 2026, with third-quarter results showing a sharp increase in volumes even as the average value of goods sold declined.
First-quarter auctions generated $79.4 million (P1.07 billion) from 333,766 carats, at an average $238 (P3,220) per carat. Disclosed second-quarter sales, covering May and June, brought in $55.6 million (P752 million) from 244,789 carats, averaging about $227 (P3,071) per carat.
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The post ODC nine-month spot sales reach P3.3 billion first appeared on Sunday Standard and is written by Sunday Standard Reporter