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De Beers' guilty plea paves the way back to America: De Beers pleads guilty in a U.S.

Publication: Israel Diamonds
Date: Friday, October 1 2004

The beginning of what could be the end of De Beers' legal troubles in the United States brought the company full cycle to where those troubles began--with industrial rather than gem-quality diamonds at the heart of the matter.

In the U.S. District Court for the Southern District of Ohio, De Beers Centenary AG pleaded guilty to one count of violating Section 1 of the Sherman Antitrust Act and agreed to pay the maximum fine of $10 million.

This case dates back to 1994, when federal prosecutors charged De Beers Centenary and General Electric with "participat[in

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