N e w s

HTB.ru with the reference to Interfax Information Agency reports that On November 30th the Supervision Council of Russian diamond monopolist "ALROSA" company will discuss the issue of concluding a new Trade Agreement with De Beers.

In case the Supervision Council will approve of the text of the Agreement, it will be signed in early December. At the moment both sides are wiring on the text of the 2nd and 3d articles of the document.

Both companies prepared the project of the new Trade Agreement back in October. According to unofficial source, the Agreement supposes annual review of Russia's share in supplies in the whole volume of corporation's sales figures. This is taking into account the fact that the maximum supply volume of ALROSA will be little less than the present share of 26% from the annual sales volumes of De Beers, as well as it minimum guaranteed sales volume.