EC appeal should be approved in De Beers-Alrosa case-Industry News-Magazine-IRISPANCY FASHION ACCESSORIES & JEWELRY

	Shopping bag \| \| My account \| Favorite \| Help \| Contact us \| Login or Register \| Logout

Jewelry \| Apparel & Accessories \| Bags & Accessories \| Magazine \| Business & Franchise Necklaces \| Bracelets \| Earrings \| Rings \| Pendants \| Jewelry Sets Brooches \| Hair Accessories \| Belts \| Caps \| Scarves \| Gloves \| Shoes \| Socks IRISPANCY Bags \| IRISPANCY Bags Accessories Vogue and Trend \| Mix and Match \| Celebrity \| Fortune \| Fun and Love \| Small Business \| Product knowledge \| Market Survey \| Expo Information \| Industry News Boutiques \| Sales Policy \| Franchise \| Events and Activities \| OEM and ODM

Magazine > Industry News > News Content

EC appeal should be approved in De Beers-Alrosa case

Author: IDEX Online 9/19/2009 3:18:00 PM

A legal advisor to the European Court of Justice recommended the court accept the European Commission's (EC) appeal to the ruling that forced it to reconsider an agreement between De Beers and Alrosa, the world's two largest diamond companies.

"There can be no objection" to the commission's conclusion about the accord, which restricted sales by Alrosa to De Beers, Advocate General Juliane Kokott of the European Court of Justice in Luxembourg, said in a non-binding opinion on Tuesday, Bloomberg reported, adding that the court follows the advice of its advocates general in a majority of cases.

The commission appealed the 2007 ruling by the Court of First Instance that annulled a European Commission decision of February 2006.

If the European Court of Justice accepts the recommendation, the diamond giants will not be allowed to buy or sell rough diamonds to each other.

The two diamond companies signed in 2002 a five-year, $4 billion, rough-diamond-trade agreement that was not approved by the European antitrust regulator. In 2006, De Beers bowed to EC pressure and agreed to gradually phase out its purchases from Alrosa, agreeing to stop all future rough-diamond purchases after December 31, 2008.

Alrosa challenged the agreement between the antitrust authority and De Beers as unfair and disproportionate. The European Court of First Instance agreed with Alrosa.

IDEX Online

	Related News
	- Models present creation by designer during Madrid Fashion Week(9-19)
	- Lindsay Lohan denies hospitalisation(9-18)
	- Avril Lavigne confirms split with husband Deryck Whibley(9-18)
	- Pink Collection from Salvatore Ferragamo(9-18)
	- NY Fashion Week designers bet on bold accessories(9-17)
	- Book speaks to 'recessionista,' not 'fashionista'(9-16)
	- New York Fashion Week: Dennis Basso Spring 2010(9-16)
	- In recession, design grads look to intern, freelance(9-14)
	- Faberge relaunches with high-jewelry collection(9-13)
	- Victoria Beckham won't spray Whoopi(9-13)

Bussiness Partnership

Jewelry business opportunity

FAQ about products

JP Renaissance Enterprises Corporation, an active fashion and gift company that provides fashion accessories and jewelry. We expanded our branches in Asia and North America, now, we devote ourselves on globalization by deploying unique designs and concepts. Our designers put their efforts on introducing innovative ideas, integrating creative and trendy elements and developing new style, such as integrating the nature into our products. Our fashion accessories and jewelry are capable to give you a different fashion ideas, a different way to dress, and can surprise your friends, lover, parents, clients by sending them special gifts on holiday or in special events. The products are not only fashion symbols but also tools to communicate, for example, you can use our new fashion and gift guides as an interesting topic among girls, or share the experience of our online jewelry store or the latest shoes. hats and socks with your friends..

Furthermore, we provide designer inspired bags maintainment and designer hair accessories enquiry with professional wholesale and retail business. for examples, we not only sell 70's fashion, magnetic earrings, sterling silver charms and heart pendant as a manufacturer and wholesaler, but also provide costume dressing retail price. Besides, while outputing luxurious goods and service, we also offer value packs and free gift cards, such as reduced dress, no cost caps on special events.

Clients all over the world can enjoy our products and service through the internet. For instance, buyers from - - Ehime - Japan, Birmingham - Alabama - United States and Bristol - - - UK.

Our online Fashion Magazine, on the other hand, presents information about top holiday gifts guides, hair styles, life style trends, potfolio fashion tips, what to wear on casual days, dressing tips, dressing guides or general fashion tips for women and for men, hats and socks industry news, product kownledge about wet clothing, diamond heart pendant and charm bracelets, fashion shows...

www.irispancy.com IRISPANCY FASHION ACCESSORIES & JEWELRY