De Beers Diamond Lawsuit. 04-cv-2819 alleging that De Beers fixed prices in the market for rough gem-quality diamonds by among other things executing output-purchase agreements with competitors establishing a market-wide cartel to set production limits and restricting wholesalers from reselling diamonds outside of certain geographic territories in violation of 1 and 2 of the. The class also alleges De Beers used its market dominance to raise the price of rough diamonds three times during 2003 to create a 10 increase in rough diamond prices.
The De Beers diamond settlement is a huge class action lawsuit that will pay out hundreds of millions of dollars to consumers who purchased loose diamonds or jewelry and jewelry store owners who were affected by an alleged DeBeers monopoly and who filed claims May 19 2008. In De Beers new world the US175 million bid for Winspear Canadas number three diamond firm is straightforward. Federal court on allegations of intellectual property infringement and the misappropriation of trade secrets in their development of a gem authentication and tracing platform unveiled in 2018.
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In 2008 the De Beers diamond company proposed to settle a class-action lawsuit for 295 million after the company was sued for what customers said was inflating gem prices. In 2008 the De Beers diamond company proposed to settle a class-action lawsuit for 295 million after the company was sued for what customers said was inflating gem prices. Debeers The Home of Diamonds since 1888. I recently found my old claim in the class action settlement against De Beers.
