De Beers Class Action Settlement
(Anco Industrial Diamond Corp. and American Diamond Tool & Gauge, Inc., on behalf of themselves and all others similarly situated v. DB Investments, Inc., CSO Valuations A.G., Central Selling Org., Diamond Trading Co., De Beers Consolidated Mines, Ltd., and De Beers Centenary A.G., Civil Action Index No. 01-4463 (SRC) (D.N.J. 2004))

De Beers diamond cartel allegedly engaged in price fixing and monopolization of the international diamond business through its control of mines and agreements with foreign diamond suppliers. A class action lawsuit was brought into Court and De Beers settled the allegations for $290,000,000. Direct and indirect purchasers of rough diamonds and resellers of diamonds, including retailers, who bought rough diamonds from De Beers or one of its affiliates from September 20, 1997 through September 25, 2003, are eligible to file for settlement. Claim forms became available on December 21, 2007, and we have begun to assist potential claimants in filing for settlement.

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