Sightholder taking DTC to court
Jayam NV, an Antwerp diamond manufacturer and DTC sightholder is suing the DTC.
According to Mahendra (Madhu) Mehta, Jayam approached the DTC ombudsman twice and won in both cases. However, the DTC did not accept the ombudsman's rulings, and that has led to the lawsuit.
It is understood that Jayam's grievance is related to its dwindling rough diamond supply from the DTC.
According the DTC, they are rigorously defending the case and do not agree the case has any merit whatsoever.
Jayam was founded 100 years ago and has been sightholder since 1948.
The first hearing will take place at London's High Court on January 21, 2007
According to Mahendra (Madhu) Mehta, Jayam approached the DTC ombudsman twice and won in both cases. However, the DTC did not accept the ombudsman's rulings, and that has led to the lawsuit.
It is understood that Jayam's grievance is related to its dwindling rough diamond supply from the DTC.
According the DTC, they are rigorously defending the case and do not agree the case has any merit whatsoever.
Jayam was founded 100 years ago and has been sightholder since 1948.
The first hearing will take place at London's High Court on January 21, 2007
posted by ziv at 3:20 PM
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