Diamond glut dulls sales, sparks dealer concern

Article Abstract:

A glut in the diamond market causes a drop in sales and prices after a healthy first half of 2000, and leaves the industry counting on a revitalization during the holiday season.

Sales & consumption, Switzerland, Statistical Data Included, Statistics

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De Beers Says Diamond Sales Fell 26% on Global Downturn

Article Abstract:

First-half sales in 2001 for De Beers fell to $2.62 billion, down 26% from a year earlier.

Sales, profits & dividends, Abstract

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De Beers to pay $10 million fine, ending 10-year price-fixing suit

Article Abstract:

Major diamond industry company De Beers S.A. admits to having conspired with another manufacturer to fix industrial diamond prices. General Electric Co. was implicated in the case brought against De Beers by the U.S. Justice Department, though General Electric's acquittal in an earlier case protects it from new charges.

United States, Legal issues & crime, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Foreign operations, Financial management, Management dynamics, Legal/Government Regulation, Jewelers' materials & lapidary work, Management, Electrical equipment and supplies industry, Company legal issue, Cases, Electric equipment industry, United States. Department of Justice, General Electric Co., GE, Company business management, Price fixing, Company financing, De Beers S.A.

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