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De Beers flatly denies it violated sanctions

De Beers issued a flat denial over a "damaging" and "unsubstantiated" newspaper allegation that it had violated sanctions on Russian diamonds.

"Let us be clear - this allegation is not true," it said, in response to claims in the The Sunday Standard of Botswana.

The paper ran a front-page story today (28 May) headlined "De Beers' sanction busting scandal snarls up Botswana talks" - a reference to the government's demand for a larger share of the diamonds from a joint venture with De Beers.

It claimed De Beers had sold Russian diamonds, referenced "shady deals" that, it said, were threatening to taint Botswana's diamonds, and said US jewelers were concerned about the risk to their reputation from selling Russian goods.

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