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
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »