If you have diamond jewelry -- or jewelry with a diamond in it -- purchased 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.Seriously! The refund calculations are listed below:
| Purchase price | Maximum claim | |
|---|---|---|
Mixed-stones jewelry | Less than $200 | 6% of the retail price |
Mixed-stones jewelry | $200 or more | 14.5% of the retail price |
Diamonds-only jewelry | Less than $200 | 10.5% of the retail price |
Diamonds-only jewelry | $200 to $999 | 27.5% of the retail price |
Diamonds-only jewelry | $1,000 to $5,499 | 32% of the retail price |
Diamonds-only jewelry | $5,500 to $9,999 | 38.5% of the retail price |
Diamonds-only jewelry | $10,000 or more | 45% of the retail price |
Loose diamonds | Any and all | 59% of the retail price |
The details of the lawsuit indicate that consumers may not get that much money back (or any at all), but it's worth filing a claim just in case. And if your diamond is valued at $10,000 or less you don't need a receipt to file the claim.
You have until May 19 to make a claim. Go online to the settlement site to file a claim online. Or download a .pdf claim form to mail it to the address on the form.
2 comments:
The good news is you get a diamond refund! Probably about $100! The bad news is the value of your diamond was apparently overpriced from 6% to 60% at time of purchase......
Yeah Mert thank you for sharing. Jon and I both bought our rings in 2004 so I will be filling out a form....yeah, we will see what happens!!
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