Diamond customers could be due a refund

by Darla Hernandez (darlah@wsbt.com)

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The world's largest diamond wholesaler was accused of price fixing and has agreed to a $300 million settlement

The world's largest diamond wholesaler was accused of price fixing and has agreed to a $300 million settlement, half of which will go to consumers. (WSBT photo)

By Beth Boehne

MISHAWAKA — If you bought a diamond in recent years, you could be part of a class action lawsuit. But you only have until Monday to file.

The world's largest diamond wholesaler was accused of price fixing. Now, De Beers has agreed to a $300 million settlement. And some of that money could be yours.

Gogi Battista owns Gogi's Jewelry in Mishawaka. She was notified of the De Beers settlement two months ago.

“We filled out a lot of paperwork,” she told WSBT News. “I'm not even sure how much money we'll be getting back.”

But stores aren't the only ones in for a refund — so are consumers. Anyone who purchased any type of diamond between January 1994 through March 2006 is eligible.

“I have had jewelry purchased since 1994,” said customer Marijo Kelly.

Kelly plans to file a claim. Officials say half of the $300 million settlement will go to consumers.

“It's just unfortunate to think that somewhere along the line they were passing along a charge to their consumers that they shouldn't have been passing along,” Kelly said.

De Beers denies any wrongdoing. But consumers are hoping for a big payoff. There are reports if you paid $2,000 for a diamond, you could get as much as $640 back.

“Diamonds are expensive enough as it is, so it'd be a nice thing to know that we’re getting a fair deal.”

If you want to join the class action suit, click the link in the Related Content box.

Saturday, May 17 at 4:53 PM AnonOmus wrote ...

Thank Goodness!! I can hardly wait to get the refund back from all those diamonds I bought! Why now I can get the mortgage up to date and get off food stamps and medicaid!!!! Who knows I might even be able to stop taking the bus!!! We live in such a wonderful world! Will there be enough for a shopping trip to the Goodwill too ???

Saturday, May 17 at 4:00 PM Anonymous wrote ...

Ruth: It states in the article where to go. Click in the "Related contet." You have receipts and all that in order to make a claim.

Saturday, May 17 at 11:22 AM Ruth wrote ...

can you tell me how and where to file my case?

Saturday, May 17 at 7:39 AM Anonymous wrote ...

The file by date is May 19. You still have a couple of days. :D

Friday, May 16 at 9:35 PM Too late wrote ...

The date to file has passed, I'm not sure why this story was posted 3 months after the story broke. I filled my in Feburary.

Friday, May 16 at 9:18 PM Fred wrote ...

You need to follow the instructions in the article. It says click on the "related content" link. then it takes you to the class action suit page where you fill out your form. You must have the receipts and Diamond certification papers.

Friday, May 16 at 6:02 PM is that all??? wrote ...

the diamond industry is so evil that this should only be the tip of the iceberg. Buy manufactured diamonds...they are real diamonds and there is not a trail of blood following.

Friday, May 16 at 5:18 PM Lowel and Velda Lechlitner wrote ...

We bought a $12,000 diamond from a dealer in Elkhart about 1999, in June or July. Let us know what we need to know to join the class auction suit. Thanks

Friday, May 16 at 5:14 PM unknown wrote ...

is it only debeers?

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