Botswana state diamond firm shifts to contract sales to combat market slump

Okavango Diamond Company is boosting contract sales to fifty percent to stabilize revenue. This move aims to curb volatility in a depressed global market.

Insights:
The Okavango Diamond Company announced today, February 11, 2026, that it will increase the share of its rough-diamond sales conducted through contracted buyers. This strategic shift is designed to manage a depressed global diamond market and was made possible by a new agreement between the Government of Botswana BWBW and De Beers. The change alters the company's sales mix and the distribution of its allocation from Debswana, providing more stability for the state-owned entity's revenue streams.
FILE PHOTO: Diamonds are displayed during a visit to the De Beers Global Sightholder Sales (GSS) in Gaborone, Botswana, on November 24, 2015. REUTERS/Siphiwe Sibeko/File Photo
FILE PHOTO: Diamonds are displayed during a visit to the De Beers Global Sightholder Sales (GSS) in Gaborone, Botswana, on November 24, 2015. REUTERS/Siphiwe Sibeko/File Photo
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