4 ms·
"The settlement provides $295 million to purchasers of diamonds and diamond jewelry, including $130 million to consumers." Does anyone think it seems like a ve
by illumin8 16y ago
"The settlement provides $295 million to purchasers of diamonds and diamond jewelry, including $130 million to consumers."
Does anyone think it seems like a very low number? Just $130 million for consumers, considering the cartel has been operating for decades and brought in billions?
- gojomo 16y agoSounds low to me. And the agreement not to monopolize sounds flimsy. But I'm sure the class action legal firms did just fine.
- gwern 16y agoIt's really low, when you remember that antitrust violations carry triple damages, not just single. (http://en.wikipedia.org/wiki/Triple_Damages http://en.wikipedia.org/wiki/Triple_Damages)