Directors from diamond giant De Beers can now travel to the United States without fearing arrest. The company settled a 10 year old price fixing charge with the Justice Department this week. De Beers previously chose to not acknowledge U.S. jurisdiction in the matter and faced possible legal action if any board members had entered the country. This settlement is expected to close a major chapter in De Beers’ 124 year history as they have encountered antitrust scrutiny from the U.S. for sixty years. Financially, however, it may prove negligible as their sale of diamonds into the U.S. market through indirect channels has been little hindered. But with the diamond market facing higher competition with new mines, manmade gems, and bad PR from conflict diamonds, the company is striving to wipe the slate clean, publishing a standard of ethics. They can now move freely, and more directly into the U.S. to face the new challenges. De Beers and luxury retailer LVMH plan to open a retail store on New York’s Fifth Avenue this year.