De Beers, the world diamond monopoly, intends to buy more diamonds from Russia as part of its new strategy and to remain firm to its contractual obligations to Russia.
Published:
18 July 2000 y., Tuesday
De Beers, the world diamond monopoly, intends to buy more diamonds from Russia as part of its new strategy and to remain firm to its contractual obligations to Russia, Raymond Clarke, general director of De Beers Centenary Russia, told the press on Wednesday.
The strategy is designed to stimulate world demand for uncut diamonds, Clarke said. De Beers is obliged to fill 26% of its annual sales quota with Russian diamonds. Therefore, of sales grow, De Beers will be buying more diamonds from Russia.
"Our commitment to buy diamonds from Russia remains as strong as ever," Clarke said. "No way will we change out contractual obligations to Russia," he said.
Šaltinis:
Interfax
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »