This may be old news to most of you, but I just found out about a class action lawsuit against De Beers, the big South African diamond company, and it might be good news for my bank account.
Basically if you bought diamond jewelry between January 01, 1994 - March 31, 2006 you may be eligible for a partial refund.
The suit alleges that the De Beers company conspired to fix, raise, and control the price of gem diamonds. De Beers has officially denied these allegations but has decided to settle the lawsuits to avoid further litigation.
You just may be entitled to a piece of the $295-million-dollar lawsuit. The refund will be dependent on the quantity of diamonds purchased, purchase price, type of diamond purchased, and the number of people who file valid claims.
~ Faith


Comments: 30
thanks for the info and i hope some of you benefit,,DeBeers is a murderous conglomeration.
They were bought before 1994.
thanks for the heads up to everyone. good info.
Thanks!