De Beers Diamond Price Fixing. The company is active in open-pit large-scale alluvial and coastal. The South African company agreed to pay a 10 million fine after pleading guilty to conspiring to fix prices in the 500 million industrial diamond market.
Multiple antitrust and price-fixing charges including one that De Beers settled for 10 million The emergence of independent suppliers. A spokesman for De Beers declined to comment. Over the next few years it faced similar accusations and lawsuits bringing the company down even more.
Research Estimates with violating the Sherman Antitrust Act by fixing the price of industrial diamonds.
It operates in 35 countries and mining takes place in Botswana Namibia South Africa Canada and Australia. Margaret Webb Pressler De Beers Pleads to Price-Fixing WASH. - De Beers Centenary AG pled guilty today and was sentenced to pay a 10 million criminal fine to resolve a longstanding indictment for conspiring to fix the price of industrial diamonds in the United. De Beers Group is an international corporation that specialises in diamond mining diamond exploitation diamond retail diamond trading and industrial diamond manufacturing sectors.
