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Diamonds Held
Back For Price
Geneva, Sat: Diamond prospecting in Tan-
ganyika had been stopped to prevent flooding the
world diamond market, according to special
British territory representative John E. 5. Lomb.
Lamo told une u« írusvee
ship Council that world dla- ,
mond traders had guaranteed
Tanganyika producers 10 per
cent, of world diamond sales
for 5 years.
"Because of the world mar-
ket situation," Lamb said, "it
is considered undesirable to
mine more diamonds in/Tan-
ganyika.
"If the world market were
flooded with tons of dia-
monds, they would, no longer
be of the value they are
now.**_.
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