EU Advisor Wants Diamond Producer De Beers Ruling Upheld
Post Date: 23 Sep 2009 Viewed: 584
An adviser to Europe's highest court recommended on Thursday upholding a decision by EU antitrust regulators which forced diamond producer De Beers to stop buying rough diamonds from Russia's Alrosa this year, Reuters reported.
Advocate General Juliane Kokott proposed the European Court of Justice should set aside a 2007 ruling by the Court of First Instance which annulled a European Commission decision taken in February 2006, the report said.
The European Union executive had appealed against that ruling.
"There is therefore no infringement of the general principle of equal treatment and non-discrimination," Kokott said in a written opinion on the case, which the Court is not obliged to follow.
"Contrary to the assertion made by diamond giant Alrosa, the decision at issue was not arbitrary either, but was based on objective considerations, in particular the results of a diamond market test conducted by the Commission," she said.
Kokott said the ECJ should dismiss Alrosa's appeal to the lower court for an annulment of the Commission decision, and order the company to pay court costs.
De Beers settled a monopoly abuse case with the European Commission by agreeing not to buy rough diamonds from Russian diamond miner Alrosa from 2009, the report said. The Commission said this would make more diamonds available in the market.