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To: H James Morris who wrote (115198)	1/12/2001 6:56:51 PM
From: Glenn D. Rudolph	Respond to of 164684

>De Beers, the South African diamond group, is finalising details of a joint venture with France's LVMH luxury goods group to open shops around the world selling De Beers-branded diamond jewellery. The proposed structure would see De Beers inject its brand name into the joint venture in a dramatic break with the cartels heritage. This had been rumored for quite some. I am not sure this is a wise move on the part of DeBeers but I do not like it. I hear De Beers is meeting with blue nile and Kleiner Perkins!!! This is likely a very false rumor. DeBeers is not permitted to do business directly in this country for two reasons. One is they are a monopoly and the secon is their continued interests in South African diamond mines which brings reveneue there to help finance the civil ways. DeBeers will try to sell DeBeers branded product in the US by third parties but it will be site holders. Blue Nile is not a site holder and they do not have anywhere near the assets needed to be one at this point in time. Glenn Glenn, I think you and Billy would make an ideal couple.<vgb> Maybe he will let me fly his plane;-)