The EU Commission renders legally binding commitments offered by the largest rough diamonds producer to phase out diamond purchases from the most important competitor (De Beers)

"De Beers: commitments to phase out diamond purchases from the most important competitor"*1. Overview On 22 February 2006 the Commission adopted a decision pursuant to Article 9 of Regulation 1/2003 [1] (hereafter: ‘Reg. 1/2003’) which rendered binding the commitments offered by De Beers in order to address the Commission’s competition concerns under Article 82 of the EC Treaty and Article 54 of the EEA Agreement. The competition concerns related to a purchase relationship between De Beers group of companies (hereafter: ‘De Beers‘), the largest producer of rough diamonds in the world, and the Russian company ALROSA Company Ltd (hereafter: ‘ALROSA’), the second biggest rough diamond producer. Notably, this purchase relationship led De Beers to conclude the Trade Agreement, which, according

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • DG COMP (Brussels)
  • DG COMP (Brussels)

Quotation

Harald Mische, Blaz Visnar, The EU Commission renders legally binding commitments offered by the largest rough diamonds producer to phase out diamond purchases from the most important competitor (De Beers), 22 February 2006, e-Competitions Buyer power in agreements and abuse of market power, Art. N° 36598

Visites 389

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues