Contrary to what JCK reported in “De Beers Bends the Pipeline,” JCK, February 2006, p. 116, Tiffany’s diamond supply agreement with Aber Resources—which obligates Tiffany to purchase at least $50 million in value per year of rough diamonds from Aber—remains in effect and will expire in 2013. In 2004, the two parties modified the agreement so that Tiffany sold its stake in Aber and now pays market value for its diamonds. JCK regrets the error.

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