Two big associations representing 2,400 American diamond dealers were indicted yesterday by a Federal grand jury on charges of conspiring to boycott the diamond industry of Germany in violation of the anti-trust laws.
The two groups named were the Diamond Dealers Club with a membership of 1,500 dealers, and the Diamond Center with 900 members. The Justice Department charged that members who violated the boycott have been suspended from the associations.
Jack Sigman, president of the Diamond Dealers Club, said that the members of his association refused to deal with Germany “purely on moral grounds.” It was revealed that the United States imports annually about $130,000,000 worth of diamonds. Mr. Sigman said that the amount of diamonds of all types that came from Germany before the war was insignificant and had no effect on the world market.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
