DeBeers Diamond Settlement

[slimbuddha]

I posted this in the chat section, but figured some of you may not venture off there.

There is a class-action lawsuit against DeBeers for price-fixing diamonds. It is at the point that a settlement has been reached, and is nearly signed off.

Depending on the number of people who put in for the settlement, you can get up to 32% of the price you paid for a diamond back (up to $10k purchase price):

All persons located in the United States who purchased any diamond or diamond jewelry or other products containing gem diamonds for personal use and not for resale between January 1, 1994 and March 31, 2006. For example, Consumers include people who purchased diamond jewelry to wear or to give as a gift.

website for more info/claim-in: https://diamondsclassaction.com/

Remember though, only a limited amount of fundage is available, so the more that put in, the less of the % you get back... but I couldn't hold out on the mudders.

Claim in deadline: May 19th.

 

[Ruadhrigh]

is it only DeBeers diamonds?

 

[slimbuddha]

is it only DeBeers diamonds?

Nope, actually if you purchased directly from DeBeers. there are slightly different rules.. but otherwise:

Taken from the faq:

The “Indirect Purchaser Class ” includes businesses and individuals located in the U.S. who purchased one or more “Diamond Products” from January 1, 1994 to March 31, 2006, but excludes any diamonds purchased directly from any of the Defendants or their competitors. (Please read Questions 7 and 8 below for a definition of “Diamond Product” and an explanation of what it means to be "located in the U.S.") The Indirect Purchaser Class has two different kinds of members or “subclasses”:

1. Companies and people who purchased Diamond Products for resale, such as jewelry companies, department stores, and diamond jewelry manufacturers. This is the Indirect Purchaser “Reseller Subclass.”
2. People and companies who purchased Diamond Products for personal use, including to give as gifts. This is the Indirect Purchaser “Consumer Subclass.”

The Defendants in the lawsuits are: De Beers S.A., De Beers Consolidated Mines, Ltd., De Beers Centenary A.G., De Beers A.G., Diamond Trading Company, Ltd., DB Investments, Inc., CSO Valuations A.G., Central Selling Organization, and Central Holdings Ltd.