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Option 2 : Conclusions I and II follow

The least possible venn diagram is:

[ src="//storage.googleapis.com/tb-img/production/20/06/F2_S.Y_9.4.20_Pallavi_D%2012.png" style="width: 309px; height: 68px;">

I. Some rings are diamonds. → True

II. Some rings are necklaces. → True

III. No ring is diamond. → False

Hence, conclusions I and II follows
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