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Transcript: Analysis: De Beers to plead guilty to price-fixing
- Article from:
- NPR Morning Edition
- Article date:
- July 13, 2004
- Author:
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STEVE INSKEEP
Morning Edition (NPR)
07-13-2004
Analysis: De Beers to plead guilty to price-fixing
Host: STEVE INSKEEP
Time: 10:00-11:00 AM
STEVE INSKEEP, host:
The world's largest diamond company is expected to plead guilty today to price-fixing. The De Beers company of South Africa has dominated the diamond trade for more than a century. Federal prosecutors in Ohio have accused the company of inflating the price of industrial diamonds. NPR's Jack Speer reports.
JACK SPEER reporting:
Because of a series of antitrust disputes, De Beers hasn't sold diamonds directly in the US since shortly after the end of the Second World War. Instead, the company markets its diamonds in the US through ...
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