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Article: Report: De Beers close to deal with U.S.(Brief Article)
- Article from:
- Jewelers Circular Keystone
- Article date:
- April 1, 2004
- Author:
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De Beers is not commenting on a recent Wall Street Journal report that it is close to ending its long-running dispute with the U.S. Justice Department.
Spokeswoman Lynette Hori told JCK: "There is nothing more to say other than we are hopeful of a resolution with the Department of Justice.... We cannot comment beyond that."
De Beers has not done business in the United States since World War II because of U.S. antitrust laws. In 1994, De Beers and General Electric were indicted on charges of industrial-diamond price fixing. De Beers never answered the charges, because it had no U.S. presence. The charges against General Electric were eventually dismissed, ...