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De Beers

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The De Beers class action was commenced on behalf of residents of British Columbia who purchased a Gem Grade Diamonds (as defined in the Statement of Claim) in British Columbia from February 22, 1997 to the present. It is alleged that De Beers has engaged in a series of anti-competitive acts which have virtually eliminated competition, allowing De Beers to charge artificially inflated prices for its diamonds.

The jurisdictional issue was appealed to both the British Columbia Court of Appeal and the Supreme Court of Canada without success. The plaintiff’s application to certify the action was heard on April 7 – April 9, 2014.  The class action was certified by Madame Justice Brown on December 2, 2014.

An updated statement of claim was filed on December 2, 2014 in the De Beers class action commenced on behalf of residents of Canada (excluding British Columbia) who purchased Gem Grade Diamonds (as defined in the Fresh as Amended Statement of Claim) between February 1, 1994 to December 31, 2011. This action has not yet been certified.

To access the court documents, click on the links below:

For further information concerning this action, please contact Natalie Fulton at 1-800-689-2322 or 604-689-7555, or email nfulton@cfmlawyers.ca.

 




De Beers - Status Updates:

December 8, 2014

De Beers – Certification Granted - View

June 21, 2013

De Beers Class Action: Jurisdictional Issue Appealed - View

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