ZAPPOS.COM BUY: Inc., an online footwear retailer, said it would purchase the assets of from eBags Inc., based in Denver. Terms of the deal were not disclosed. The transaction is expected to close within three months, Zappos said. Formerly, 6pm sells footwear and accessories online. Zappos said that 6pm would be operated as a separate Web site. "We recognize there are a variety of different types of consumers out there,'' said Tony Hsieh, chief executive officer of "Through and, we want to provide them with the online shopping experience that reflects their unique needs.

DIAMOND DEALING: A European Union court annulled a decision by the EU executive branch that codified into law a De Beers Group proposal to stop buying rough diamonds from Alrosa Co. Ltd., a Russian diamond producer, to satisfy antitrust charges against the firms. The court found that regulators did not prove the firms held a dominant position in the 27-nation EU market that would justify limiting their transactions. De Beers controls about 60 percent of the world's rough diamond supplies and produces 43 percent of world output. Alrosa is the world's second-largest rough diamond producer. Alrosa had challenged the De Beers settlement in the Luxembourg-based court, which also ruled that the Russian diamond dealer should have had a say in the settlement.

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