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The Weekly Grapevine

This week, analysis of the rumoured deal between Ferrari and De Beers

Diamonds are forever

McLaren may have unexpectedly snared Fernando Alonso and persuaded Vodafone to decamp from Ferrari come 2007, but have the Italians caught the biggest fish about, one able to comfortably service the team's stratospheric long-term budgetary needs, and then some?

Although denied by a spokesperson for diamond trading house De Beers, mining industry sources suggest that Ferrari signed a long-term agreement, beginning next year, with the Kimberley, South Africa-based company, which is predominantly owned by the Oppenheimer family.

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