Canadian Court Green Lights Worldwide Diamond Price-Fixing Case Against De Beers
Posted 06/15/11
A justice of the British Columbia Supreme Court has ruled that an alleged worldwide diamond cartel led by rough diamond seller De Beers had sufficient anticompetitive impact on Canadian consumers to enable a price-fixing class action to survive a motion to dismiss at the pleading stage.
The plaintiff alleges that De Beers and the other defendants sought to eliminate competition in the sale of gem grade diamonds in...