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Article: De Beers to stop buying diamonds from Alrosa from 2009 - EC (Part 3).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- February 22, 2006
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De Beers to stop buying diamonds from Alrosa from 2009 - EC (Part 3)
BRUSSELS. Feb 22 (Interfax) - De Beers will stop buying rough diamonds from Alrosa (RTS: ALRS), Russia's Yakutia-based diamond monopoly, from 2009, according to a decision adopted by the European Commission.
The EC said in a press release that "commitments entered into by De Beers to end purchases of rough diamonds as of 2009 from Alrosa, the world's second largest producer, have been rendered legally binding by a formal decision adopted by the European Commission."
"Following a phasing out from 2006 to 2008, De Beers undertakes to refrain from all purchases of rough diamonds ...