Mr. Mmetla Masire
Managing Director - Okavango Diamond Company

Okavango Diamond Company (ODC) wishes to provide clarity regarding its most recent Run of Mine (ROM) Tender held on Thursday 25 September 2025. Contrary to certain narratives, the sale was not an “emergency sale”, or unplanned and it did not “fail.” ODC made a deliberate and prudent decision to withhold certain goods from the market.

This decision reflects ODC’s commitment to protecting the long-term health and stability of the diamond sector. When market dynamics are delicate, responsible leadership calls for measured action to align supply with demand and preserve the value of Botswana’s natural resources. The September ROM Tender was planned well in advance, registered in July 2025, with customers duly invited to participate. 95% of the companies registered for the tender submitted competitive bids, underscoring strong industry interest and confidence in ODC’s offerings.

The decision to withhold goods was not driven by financial constraints but by ODC’s strategic mandate to act in the long-term interest of Botswana and its stakeholders. ODC chose not to release goods under conditions that could have resulted in a significant negative impact on the market.

“As custodians of Botswana’s national treasure, our priority is safeguarding the value of our diamonds,” said Mmetla Masire, ODC Managing Director. “Sometimes, leadership means knowing when not to sell. Withholding goods in the short term ensures better outcomes for the market, for Botswana, and for our partners. We will not join the race to the bottom on prices, our focus is on protecting the integrity and enduring value of Botswana’s diamonds.”

ODC remains committed to responsible and transparent sales practices that create sustainable value. As both a commercial entity and a steward of Botswana’s diamonds, ODC will continue to monitor global market conditions and act decisively, guided by the principle of protecting long-term national interests.