Default Judgement Against De Beers - Jun.2005
De Beers has once again failed to respond to a lawsuit and had a default
judgement issued against it.
This time the suit was a class action brought by two diamond consumers, Emert
and Katie Null of Madison County, according to the Madison-St. Clair Record.
The suit alleges De Beers has a monopoly on the diamond market, which allows it
to increase prices, control inventory, limit supply, restrict purchase and
falsely advertise the scarceness of diamonds.
The judge will set hearings on class certifications and damages. v
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