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. Last Updated: 07/27/2016

Russia-De Beers Talks

MOSCOW () -- Russia and the De Beers diamond group of South Africa said Thursday they had extended their current agreement cooperation in the diamond market to March 1, the second extension of a deal originally due to expire Dec. 31.

They again failed to reach a new accord on the sale of Russian gems through De Beers' London-based Central Selling Organization, but both Russian and De Beers officials said they made progress.

They will meet for further talks in February, De Beers' officials said.