diff --git a/mercurial/bookmarks.py b/mercurial/bookmarks.py
--- a/mercurial/bookmarks.py
+++ b/mercurial/bookmarks.py
@@ -177,7 +177,7 @@ def pushbookmark(repo, key, old, new):
     finally:
         w.release()
 
-def updatefromremote(ui, repo, remote):
+def updatefromremote(ui, repo, remote, path):
     ui.debug("checking for updated bookmarks\n")
     rb = remote.listkeys('bookmarks')
     changed = False
@@ -194,10 +194,17 @@ def updatefromremote(ui, repo, remote):
                     changed = True
                     ui.status(_("updating bookmark %s\n") % k)
                 else:
+                    # find a unique @ suffix
                     for x in range(1, 100):
                         n = '%s@%d' % (k, x)
                         if n not in repo._bookmarks:
                             break
+                    # try to use an @pathalias suffix
+                    # if an @pathalias already exists, we overwrite (update) it
+                    for p, u in ui.configitems("paths"):
+                        if path == u:
+                            n = '%s@%s' % (k, p)
+
                     repo._bookmarks[n] = cr.node()
                     changed = True
                     ui.warn(_("divergent bookmark %s stored as %s\n") % (k, n))
diff --git a/mercurial/commands.py b/mercurial/commands.py
--- a/mercurial/commands.py
+++ b/mercurial/commands.py
@@ -4273,7 +4273,7 @@ def pull(ui, repo, source="default", **o
             raise util.Abort(err)
 
     modheads = repo.pull(other, heads=revs, force=opts.get('force'))
-    bookmarks.updatefromremote(ui, repo, other)
+    bookmarks.updatefromremote(ui, repo, other, source)
     if checkout:
         checkout = str(repo.changelog.rev(other.lookup(checkout)))
     repo._subtoppath = source
diff --git a/mercurial/subrepo.py b/mercurial/subrepo.py
--- a/mercurial/subrepo.py
+++ b/mercurial/subrepo.py
@@ -484,7 +484,8 @@ class hgsubrepo(abstractsubrepo):
                 self._repo.ui.status(_('pulling subrepo %s from %s\n')
                                      % (subrelpath(self), srcurl))
                 self._repo.pull(other)
-            bookmarks.updatefromremote(self._repo.ui, self._repo, other)
+            bookmarks.updatefromremote(self._repo.ui, self._repo, other,
+                                       srcurl)
 
     def get(self, state, overwrite=False):
         self._get(state)
diff --git a/tests/test-bookmarks-pushpull.t b/tests/test-bookmarks-pushpull.t
--- a/tests/test-bookmarks-pushpull.t
+++ b/tests/test-bookmarks-pushpull.t
@@ -110,18 +110,18 @@ divergent bookmarks
      foo                       -1:000000000000
      foobar                    -1:000000000000
 
-  $ hg pull ../a
-  pulling from ../a
+  $ hg pull --config paths.foo=../a foo
+  pulling from $TESTTMP/a
   searching for changes
   adding changesets
   adding manifests
   adding file changes
   added 1 changesets with 1 changes to 1 files (+1 heads)
-  divergent bookmark X stored as X@1
+  divergent bookmark X stored as X@foo
   (run 'hg heads' to see heads, 'hg merge' to merge)
   $ hg book
    * X                         1:9b140be10808
-     X@1                       2:0d2164f0ce0d
+     X@foo                     2:0d2164f0ce0d
      Y                         0:4e3505fd9583
      foo                       -1:000000000000
      foobar                    -1:000000000000