HOUSTON — Diamonds may be forever. But the price you paid for them may not be. Millions of American consumers who bought diamond rings or other diamond jewelry could be in for a sizable rebate thanks to the pending settlement of a series of class-action lawsuits that accused the De Beers diamond company of price-fixing and monopoly practices.
Now, there are a few “inclusions,” as they say in the diamond business. You must have purchased the diamond between 1994 and early 2006. You need a receipt or other proof of purchase price. And the amount of the rebate you end up getting depends on factors such as the value of your diamond and the total number of consumers who file claims. So maybe don’t tell your friends.
But at the end of the day, you could get refunded 30 percent or more of the price you paid for that sparkling engagement ring.
Chicago Tribune
