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De Beers’s $295 Million Antitrust Settlement Affirmed by Court

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Dec. 21 (Bloomberg) -- The U.S. Court of Appeals affirmed approval of a settlement by De Beers of a class action lawsuit through a payment of $295 million to U.S. jewelry makers, retailers and consumers who made purchases from 1994.

The judgment was made yesterday in the third circuit, according to a Dec. 20 entry on the court’s docket.

The case is Arrigotti Fine Jewelry v. De Beers SA, 08-02881, U.S. Court of Appeals, Third Circuit.

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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