Indian Diamond Firm to Buy More From Miners, Bypassing De Beers

Diamond Trading Co., the distribution unit of De Beers

, may remove eight Indian sightholders from April 2008, while adding three new customers, Kothari said. Lynette Gould, a spokeswoman for De Beers in London, declined to comment before the Diamond Trading Co.'s new supply contract begins in April.The company may seek supplies from miners in Russia, Angola and Botswana to pare its reliance on the world's biggest diamond company,

Indian Diamond Firm to Buy More From Miners, Bypassing De Beers

By: Ganno Diamond

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