DeBeers may form retail partnership with LVMH

Article Abstract:

DeBeers Consolidated Mines Ltd. might form a retail partnership with LVMH Moet-Hennessy Louis Vuitton SA in early 2001.

Diversified Companies, France, South Africa, Mining industry, Contracts, LVMH Moet Hennessy Louis Vuitton S.A., DeBeers Consolidated Mines Ltd.

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DeBeers is in talks to settle U.S. price-fixing charges: diamond merchant seeks return to American market; EU investigation continues

Article Abstract:

DeBeers S.A. officials continue to negotiate for entry into the US diamond market despite ongoing investigations into antitrust law violations and price-fixing practices. DeBeers officials would like the legal issues resolved, as the US accounts for half of worldwide jewelry sales.

Legal issues & crime, Government regulation, International economic relations, Company legal issue, Investigations, European Union, Licensing, certification and accreditation, Price fixing, Trade policy

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DeBeers, ARS extend diamond sale agreement

Article Abstract:

Almazy Rossii-Sakha, Russia's major diamond producer, and De Beers have agreed to extend their diamond sale agreement to three more years. Under the deal, Almaza will have until the end of 2001 to conduct business with De Beers. In addition to the right to sell 5% of its diamonds from current production and 20% of diamonds from state reserves on the open market, Almaza will also supply De Beers at least $550 million of rough cut diamonds. De Beers Chief Executive Nicholas Oppenheimer signed the new agreement with Almazy in Moscow.

Comment:

Along w/ Almazy Rossii-Sakha, agrees to extend diamond sale agreement to three more years

Russia, De Beers Botswana Mining Company (Proprietary) Ltd., Almazy Rossii - Sakha, Article

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