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De Beers Talks Are On

MOSCOW -- Russian officials and South African diamond giant De Beers will meet next month for a new round of talks, but issues at dispute have not been solved, a Russian official said Wednesday.


"None of the questions have been solved so far," Yevgeny Bychkov, the head of the Russian precious metals committee, told a news conference.


He said he could give no details about the possible outcome of the talks, now due in mid-July.


Russia has a long-term agreement to sell 95 percent of its rough gem diamond exports through De Beers' Central Selling Organization. Russian diamonds accounted for 26 percent of De Beers sales last year.

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