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De Beers Centenary AG

Swiss company of the De Beers group; pleaded guilty in 2004 to fixing industrial-diamond prices.

4 links, 3 backed by primary records

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Also known as
De Beers Centenary
Legal records

United States v. De Beers Centenary AG

  1. 1994 Charged by U.S. Department of Justice: conspiring to raise list prices of industrial diamond products 1
  2. 13 Jul 2004 Convicted by U.S. District Court for the Southern District of Ohio: pleaded guilty; $10 million fine; conspiring to raise industrial-diamond list prices in 1991 and 1992 1

A charge is an accusation, not a finding of guilt.

Connections 4

charged by

convicted by

contracts from

  • Glavalmazzoloto 1990 exclusive rights to sell all Soviet rough diamond exports for five years; $1 billion loan to the Soviets Scholarship & press 2

not the same as

  • De Beers Primary record 1

    The Department of Justice calls them interrelated firms; the plea was by De Beers Centenary AG.

Timeline 3 dates
  1. 1990 Glavalmazzoloto awarded a contract to De Beers Centenary AG
  2. 1994 De Beers Centenary AG charged by U.S. Department of Justice
  3. 13 Jul 2004 De Beers Centenary AG convicted by U.S. District Court for the Southern District of Ohio
Proof 2 sources
  1. De Beers Centenary AG pleads guilty to price-fixing indictment, U.S. Department of Justice, Antitrust Division (press release 04-476), 13 Jul 2004. Primary record
    In 1994, a federal grand jury in Columbus, Ohio indicted De Beers Centenary for conspiring to raise list prices of various industrial diamond products worldwide in 1991 and 1992.
    De Beers Centenary AG pled guilty today and was sentenced to pay a $10 million criminal fine to resolve a longstanding indictment for conspiring to fix the price of industrial diamonds in the United States and elsewhere
    De Beers Centenary and a number of interrelated firms, including De Beers Consolidated Mines Ltd., owned or controlled various companies that manufactured, distributed and sold industrial diamonds in the United States and elsewhere.
  2. Soviet-South Africa Ties Sparkle In Diamond Deal, The Christian Science Monitor, 17 Aug 1990. Scholarship & press
    The agreement was struck two weeks ago between De Beers's Swiss-registered twin, De Beers Centenary, and Glavalmazzoloto, the Soviet precious metals and diamonds administration, after only three months of talks.
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