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Have you bought a diamond in the last ten years – be it a wedding ring, earring, or nose stud? You may be able to get back a percentage of the purchase price!
If you bought a piece of diamond jewelry — or jewelry with a diamond in it — between Jan. 1, 1994, and March 31, 2006, you may be eligible for a refund as part of a recent settlement of a class-action lawsuit alleging that De Beers, the big South African diamond company, had cornered the market for diamonds for decades, keeping prices artificially high.
In settling, De Beers is shelling out $295 million to put the trouble behind it — $135 million of which is earmarked for consumers rather than wholesalers.
During that time period I bought diamond jewelry for my wife twice. Her wedding ring, and a 5 year anniversary gift. I’ve already submitted my claim for a refund. To submit your claim go to the website at https://diamondsclassaction.com/ and enter your details.
On a side note:
If you paid less than $96 for jewelry with diamonds only, or $166 for a piece that includes stones other than diamonds, your refund wouldn’t reach the $10 minimum payout, so don’t bother. And the refund covers only the diamond, not the other elements in your jewelry, such as the gold, the setting or the labor.
LINK:
MSNMoney.com
Last Edited: 26th May 2011
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