Diamond Dealers Can't Force De Beers EU Antitrust Probe

Law360, New York (July 12, 2013, 2:53 PM EDT) -- A European Union court on Thursday shot down challenges lodged by diamond dealers to the European Commission's decision not to open an antitrust investigation into certain supplier agreements used by De Beers SA.

The EU General Court found against the Belgian Association of Dealers, Importers and Exporters of Polished Diamonds, known as BVGD, and Diamanthandel A. Spira BVBA, a Belgium-based dealer of rough diamonds. Both had filed cases challenging the European Commission's decision not to review supplier agreements adopted by De Beers.

BVGD and Spira — both of which had lodged complaints with the commission, asking it to conduct an antitrust...

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