DeBeers $300M Price-Fixing Dispute

 - Jan 11, 2008
References: diamondsclassaction & wnbc
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