Diamonds in the news: De Beers to Plead Guilty; Return to U.S.:
Excerpt:
De Beers, the world's top diamond producer, will plead guilty in a U.S. court to a 10-year-old price-fixing charge, opening the way for it to resume business in America after nearly 60 years, a court official said on Monday.
The return of the venerable South African company is likely to spark a battle in the luxury goods market when it opens a store on Fifth Avenue this year to rival Tiffany and Co. Inc., as well as Cartier and Van Cleef & Arpels, both owned by Swiss luxury goods group Richemont-.
Posted by GilbertZ at 05:15 PM
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