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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.

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

Pursuant the settlement reached with De Beers, they have agreed to pay $9,400,000 for the benefit of settlement class members, which consists of all purchasers of Gem Grade Diamonds in Canada (including residents in Saskatchewan). The settlement is a compromise of disputed claims and is not an
admission of liability or wrongdoing by De Beers.

The settlement must be approved by the Ontario, British Columbia and Quebec courts.
Settlement class members may express their views about the proposed settlements to the
courts.If you wish to do so, you must act by October 20, 2017. Settlement class members may
also opt-out of (exclude yourself from) the class proceedings. If you wish to do so, you must send
an opt-out form by email to diamondsclassaction@cfmlawyers.ca by October 27, 2017. To access the notice 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:

August 25, 2017

De Beers Settlement - View

December 8, 2014

De Beers – Certification Granted - View

June 21, 2013

De Beers Class Action: Jurisdictional Issue Appealed - View

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