Trends 
Newsletter 
Trend Report 
Presentations 
Tools 
Add a Trend 
About 
By: Going Like Sixty
Buy Diamonds, Get MOney Back - DeBeers $300M Price-Fixing Dispute
DeBeers, the diamond monopoly, acted like one, and got caught doing it.
It turns out, if you purchased any jewelery from the company, you may be entitled to a rebate on your dazzler. Individuals can make a claim before March 19 for part of the $295 million settlement. DeBeers is still denying any wrongdoing; they were charged with anticompetitive acts as well as false and misleading advertising.
Eligible customers include anyone who purchased a diamond between January 1994 and March 31, 2006. That means on a $2000 ring, customers could get back up to $640.
Details at DiamondsClassAction.com
John Maher, the plaintiffs’ attorney, said the diamond leader violated the law.
"They controlled and monopolized the sale of rough diamonds and as a result merchants paid more than they should have for those stones," he said.
De Beers has not admitted to doing anything wrong in the $295 million settlement. An earmark of $135.4 million has been made for consumers who file a claim.
(wnbc)
Read More: diamondsclassaction Via: wnbc Posted: Jan 11, 08
Like it? Send this trend to a friend OR subscribe to our RSS feed.
|
Add this to Your
Trend Portfolio Collect Favorites, Add Comments,
Submit Trends and Earn Money |
|
|
|
Comments:
| ||||
|
| |||
HOT
RANDOM
1. Masking Censorship - World Press Freedom Ads
2. Backpack Planes - The EXO-Wing (GALLERY)
3. Graphic Anti-Smoking Ads - 'Til Death Do Us Part
4. Intelligent Whiteboards - Microsoft TouchWall (VIDEO)
5. Double-Take Animal Photography - Intimate Views of Tim Flack (GALLERY)
6. Horro Stuffed Animals - Matt Kirkland's Dissected Toys (GALLERY)
7. Floating Restaurant Tables - BBQ-Donut (GALLERY)
8. Flannel Shirts Return - Dolce & Gabbana Pre-Fall 2008 (GALLERY)
9. 33 lb Gowns - Blake Lively in Christian Dior
10. Top 12 Designs From Recycled Car Parts (SUPER GALLERY)
