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. Last Updated: 07/27/2016

Diamond Pact on Hold

MOSCOW -- Russia will announce its final position on renewing a diamond sales agreement with South African De Beers only after the government discusses its diamond industry program in September, Interfax said Friday.

However, it quoted Vladimir Piskunov, vice president of Russia's biggest diamond company Almazy Rossii-Sakha as saying Russia and De Beers had no major disagreements over how to sell Russian rough diamonds on world markets.