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"DIAMONDS OF RUSSIA - SAKHA" PARAPHED THE TRADING AGREEMENT WITH

				
				
				
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"DIAMONDS OF RUSSIA - SAKHA" PARAPHED THE TRADING AGREEMENT WITH
DE BEERS.
      Moscow, on October, 21st. A/PRIME-TASS/. In the central
Office AK "Diamonds of Russia - Sakha" in the morning on October, 21st
The trading agreement on export of the Russian is paraphed
Natural diamonds, which today in second half
Day should be officially signed AK "ALROSA" and
South African company De Beers.
       The agreement paraphed from a Russian side
The president "ALROSA" Vyacheslav Shtyrov, with South African -
The chairman of board of directors De Beers Nicolas
Oppengejmer.
      Action of the trading agreement will last up to the end
1998. It provides sale of the Russian diamonds through
TSSO De Beers a minimum of 550 million doll in a year.
     A number of positions in the new document has appeared for the first time. So.
For the first time the Observant committee, which is created
Will allow the parties to regulate parametres more accurately
Interactions to estimate a situation in the market more precisely and
Operatively to make of the decision.
     For the first time sales of the Russian diamonds will be made
In Moscow, instead of in London.
      For the first time, considering liberalisation of the in-Russian
The diamond market, De Beers gives access to the
To sales - to sites - Russian ogranshchikam.
      In second half of day in capital President-hotel
Official ceremony of signing trading will take place
Agreements between AK "ALROSA" and De Beers with participation
Heads of the Russian state, Republic Yakutia,
Representatives De Beers. - 0 - bs/vg
//* an information Source: the Prime-TASS, 21.10.97
//* Reg. Nom. - 6071000280.21-------------------------------------------