Friday, February 01, 2008

Have you bought a diamond in the last 14 years?

DeBeers has been naughty. They have superficially elevated the diamond market and now are facing a lawsuit aimed to get some of the profits back to the schnookered. By controlling the major portion of the diamond market and nearly having a monopoly, they have been able to falsely elevate diamond prices - all of them.

If you bought a diamond for personal use and not resale between January 1, 1994 and March 31, 2006, you are entitled to a refund of a portion of the price (less lawyer fees, etc.). So when it is all said and done you might received about $12 or something like that, but who knows? They've projected a refund to us of around $1500, but like I said after fees, who knows. The suit has already been won, but claims won't be filled until all the claims are in so they know how much each claimant gets.

Anyway it only takes a few minutes and it's at least worth a try if you have puchased more than $300 of diamonds in the last 13 years. Claims will be accepted until May 19, so if you're going to do this, act quickly.

www.diamondsclassaction.com

Personal Disclaimer: I didn't see anything on www.snopes.com, and our source seems credible. But, if by slim chance this turns out to be a joke, don't get mad at me. I'm just trying to spread the wealth a bit.

No comments: