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The De Beers diamonds antitrust class action sought to end an alleged 60-year conspiracy to fix the price of rough diamonds in the U.S. by the De Beers group of companies. The litigation includes several cases including Hopkins v. De Beers Centenary A.G., et al., No. CGC-04-432954, which commenced on July 24, 2004, and Sullivan v.
De Beers Diamond Jewellers (DBDJ) was established in 2001 as a 50:50 joint venture between The De Beers Group of Companies and LVMH, the French luxury goods company. [81] The first De Beers boutique opened in 2002 on London's Old Bond Street as the brand's flagship store. Since then, stores have opened in various cities around the world.
An Element Six spokesperson told Fortune that synthetic diamonds present "a significant growth opportunity for De Beers Group." The love for lab-grown diamonds. Anglo-American, a member of the ...
Waning demand for natural diamonds has helped lift De Beers's inventory to $2 billion, the most since the 2008 financial crash, according to the Financial Times. In fact, the value of the diamond ...
[5]: 13 He gained the chairmanship of De Beers in 1929. [5]: 13 Over the course of his chairmanship, Oppenheimer was involved in a number of controversies, including price fixing, antitrust behaviour, and an allegation of not releasing industrial diamonds for the U.S. war effort during the Second World War. [9]
De Beers has accumulated the biggest stockpile of diamonds since 2008, the Financial Times reported. Weak demand and rising competition from lab-grown products are weighing on the diamond titan.
The second was an agreement originally dated 20 April 1892 between BSAC and De Beers. That document essentially memorialised existing indebtedness of BSAC to De Beers and formalised those obligations into mortgage debentures, and increased the amount of the credit advanced to a total of £112,000. Subsequent amendments to the agreement ...
De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and Cartier.