RAPAPORT… Okavango Diamond Company, a rough supplier owned by the
Botswanan state, has appointed Marcus ter Haar as managing director, succeeding
Toby Frears.
Ter Haar (pictured) was previously Okavango’s deputy managing director.
He held positions at De Beers and at Debswana, De Beers’ joint venture with the
Botswanan government, as well as at DTC Botswana, De Beers’ sightholder-sales division
in the country. He had been involved in Okavango since its founding in 2013,
the company said in a statement Tuesday.
Okavango, based in Gaborone, has access to 15% of Debswana’s
run-of-mine production, with annual rough-diamond sales of about $550 million.
Okavango Names New Managing Director
The Bottom Line
- Marcus ter Haar, previously deputy managing director, takes over as managing director of Okavango Diamond Company.
- Ter Haar has extensive experience with De Beers, Debswana, and DTC Botswana, and has been involved with Okavango since its founding in 2013.
- Okavango, based in Gaborone, controls 15% of Debswana’s run-of-mine production and generates roughly $550 million in annual rough-diamond sales.
More Stories
US SEC Charges Former Lugano CEO with ‘Massive Fraud’
Mordechai Ferder allegedly ran a scheme that caused jeweler to record more than $1 billion of fictitious revenue.
Bulgari 10ct. Sapphire Ring to Sparkle at Phillips
Piece has a $1.2 million high estimate at the Hong Kong Jewels Auction.
CIBJO Sticks with ‘Synthetics’ Moniker Despite Industry Pushback
Organization received letter from group of senior trade members requesting a deferral of final decision.
