CONSUMER LAW GROUP has filed a Canadian class action lawsuit against De Beers on behalf of individuals who have purchased a diamond or purchased any products which contain a diamond since January 1st 1994.
The class action is based on De Beers longstanding monopolistic power in the diamond industry and their use of this power to artificially restrain trade and increase the price of diamonds by controlling inventory, limiting supply, restricting purchase, and falsely advertising the scarceness of diamonds.
Due to this conduct consumers have paid higher prices for diamonds and products containing diamonds than they would have paid in a competitive market.
For more information, please visit our CLG website at http://www.clg.org/
