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South Africa Trade Ussr

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July 26, 1990 | From Associated Press
De Beers tightened its grip on the global diamond market Wednesday with an exclusive five-year deal to sell the Soviet Union's rough diamond output, which could total more than $5 billion. The financially strained Soviet Union, among the world's biggest gem diamond producers, will get a $1-billion advance against future diamond sales. De Beers' London-based marketing arm, the Central Selling Organization, will strengthen its position as the world's dominant diamond seller.
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BUSINESS
July 26, 1990 | From Associated Press
De Beers tightened its grip on the global diamond market Wednesday with an exclusive five-year deal to sell the Soviet Union's rough diamond output, which could total more than $5 billion. The financially strained Soviet Union, among the world's biggest gem diamond producers, will get a $1-billion advance against future diamond sales. De Beers' London-based marketing arm, the Central Selling Organization, will strengthen its position as the world's dominant diamond seller.
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