CAPITAL MARKETS

Europe set to approve De Beers sales plan

THE world's diamond industry has moved a step closer to being turned on its ear with reports from Brussels that the European Commission is close to approving a radical overhaul of marketing arrangements by De Beers.

Tim Treadgold

Europe set to approve De Beers sales plan

The EC's anti-trust regulator, Mario Monti, has spent the past year studying the De Beers plan which revolves around a "supplier of choice" strategy by doing away with traditional tight control of middlemen,...

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