CAPITAL MARKETS

De Beers to face its day in court

ONE of the mining world’s longest running legal sagas could finally come to an end this month with diamond giant De Beers scheduled to make an appearance in a US court over price-fixing charges dating back almost 60 years.

Tim Treadgold
De Beers to face its day in court

Shortly after World War Two, De Beers was charged with fixing the price of industrial diamonds, an action the South African diamond group never denied – in fact, it revelled in its ability to control diamond...

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