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De Beers 2008 Class Action Lawsuit 2008-01-15 04:04:21

Got Bling? De Beers Class Action Lawsuit


If you've got some ice, you may have the opportunity to get a little more mileage out of it. De Beers, the company that essentially has a monopoly on the world’s supply of diamonds, has agreed to pay nearly $300 million due to a class-action lawsuit against the company alleging antitrust violations.

Who's eligible to get in on the class action? Your diamonds could have been purchased from any jewelry store in the country between January 1, 1994, and March 31, 2006 and you could be eligible to receive anywhere from 6 percent to 60 percent of the original purchase price. Keep in mind that this relates to diamonds bought in any form and from any location — that means De Beers' competitors.

The filing deadline is May 19, 2008. You can file a claim online and find more information at the settlement's website.

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