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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2032 OCT 25,2001 3:33 PACIFIC 06:33 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Russians and De Beers Cutting a Diamond Supply Deal, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 25, 2001--The following is an advisory by Industrialinfo.com (Industrial Information Resources, Inc., Houston, Texas). Looking to assure themselves of a minimum of $500 million worth of rough Russian diamonds per annum, De Beers (Johannesburg, South Africa) is looking to sign a long term agreement on diamond marketing in December when the current agreement expires. The Russians favor a deal between De Beers and the Russian diamond company Alrosa thus being able to protect and control the adequate supply of rough diamonds to the home industry and enable it to work profitably. Reports say that an agreement has been drafted and details are being ironed out between the Russians and the South Africans. Over the last two years, De Beers purchased around $1 billion of rough stones in Moscow and they need the supply to maintain the variety they offer clients. In the specialized world of diamond supply and demand negotiations, De Beers does not want the Russian cutters to have sole first rights over the best stones coming from the mine. De Beers, the world's leading diamond producer was acquired earlier this year by DB Investments and is currently delisted from the JSE and LSE. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Metals and Minerals industry as well as other industrial sectors send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--AS/na* CONTACT: Industrial Information Resources, Inc., Houston Joseph Govreau, 713/783-5147 www.industrialinfo.com KEYWORD: TEXAS RUSSIA SOUTH AFRICA INTERNATIONAL EUROPE AFRICA/MIDDLE EAST INDUSTRY KEYWORD: MINING/METALS MARKETING AGREEMENTS SOURCE: Industrial Information Resources, Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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