Answer :

In a parallelogram all opposite sides of the given figure are parallel and equal to each other.
A parallelogram could be a square and a rectangle and a rhombus also!. Diagonals should be equal or not, it doesn't matters.

Whereas a rhombus has all sides equal and opposite sides are parallel to each other but diagonals are not equal.
A rhombus is a type of parallelogram. 

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