Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Gem Go-Ahead

MOSCOW () -- A Russian diamond executive said Thursday the government is preparing a presidential decree giving the go-ahead to a gem export agreement with South Africa's De Beers.

De Beers made good on its threat to stop buying diamonds from Russia on Dec. 31, when the cartel canceled an interim arrangement after Moscow failed to approve or reject a new trade deal.