Did you buy a diamond between January 1, 1994 and March 31, 2006?

[WOW_FCTR]

There is a class action suit against DeBeers and you might be entitled to a claim against them

https://diamondsclassaction.com/

Form MUST be submitted by MAY 18th, 2008

[ibjeff]

Thats interesting. Luckily, diamonds are not our thing in this house. Even my ex did not want a big or showy diamond....just was not a priority luxury...

[DOUBLE-D]

thanks for the heads up, about 20,000.00 worth of bling for the wife. maybe thats why she bought me the ssr?

[OP]

Thanks for the link.. Just submitted my claim...we'll see.

[corvetteulose]

Originally Posted by WOW_FCTR

There is a class action suit against DeBeers and you might be entitled to a claim against them

https://diamondsclassaction.com/

Form MUST be submitted by MAY 18th, 2008

Sent mine in about 2 months ago. The read up keeps changing about this. The more people that file the less each person receives. There is $300,000,000 set aside for this class action suit. $22,500,000 for the direct purchasers (Jewelers) and $272,500,000 for the Indirect Purchaser (you and me) that purchased diamonds of any kind (rings, loose, watches, ear rings, etc) original estimates were you would get back $0.25 to $0.30 on the dollar you spend on diamonds purchased between January 1, 1994 and March 31, 2006. There were billions not millions of diamonds sold between that time line. So now with the number of claims filed you would be lucky to get back $0.02 on the dollar. I put in a claim and had to send proof of purchase and appraisals for any one item over $10,000. You can file your claim on line and follow up via certified mail with your proof of claim. I am hoping for the $0.25 on the dollar. DeBeers being the largest diamond importer tried to control the diamond market during this time period and overpriced the diamonds. I will keep you posted what I get back.