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DeBeers Diamond Class Action Lawsuit Settlement

24 Votes

Friday, 25 April 2008 21:51

Updated 7/14/10 - The court has REJECTED the settlement.

No claims will be processed until the Debeers Diamond class action lawsuit settlement is approved.

Read our article on this development.

Updated 10/16/09- National Jeweler Network states that

payments may go out in the Spring.

The case and challenges are due to be reviewed

by the Court in January. Read more about it here.

Updated 6/30/09 - The Jewelers Vigilance Committee

issued a statement and filed a brief supporting the settlement.

No ETA on when/if it will be paid out...

We're sorry! This settlement is CLOSED!

No more submissions are allowed.

Please join the Top Class Actions Newsletter

list so you don't miss out next time and head

over to the OPEN SETTLEMENTS section

to see what's available!

Company: DeBeers

Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake: Settlement Administrator

Address to submit paper claim:

Diamonds Settlement Administrator
P.O. Box 9432
Minneapolis, MN 55440-9432

Phone Number for Assistance: 1-800-760-5431 or if you are calling from overseas (612)-359-2002

Details: If you purchased Diamonds or Diamond jewelry from 1/1994 - 3/31/06 you're eligible for a claim. The amounts vary as to what to expect, you can find what you MAY receive at the notice page. THE AMOUNT COULD BE THOUSANDS. Proof required for claims of more then $10,000 per item.

Purchased From: January 1, 1994 to March 31, 2006

Claims Accepted Until (YOU MUST SUBMIT YOUR CLAIM BY THIS DATE!): May, 19th, 2008

Class Action Lawsuit Settlement Amount(s): $135,432,500 for Consumers, $137,067,500 for Dealers/Jewelers, $22,500,000 to Diamond Brokers

TCA Staff Tidbit: This is the current BIG daddy of consumer lawsuits. Please note, you don't have to mail in ANY proof of purchase unless you're claiming your diamond jewelry is worth or purchased more then $10,000. I (Scott) submitted an appraisal of my wife's engagement and wedding rings along with the claims for the the replacement wedding ring. I should receive thousands. How much are YOU eligible for? Check out the link under the details section. Don't expect a check for a few more months, but expect payment some time in the third quarter. Don't miss out on this one!

LEGAL INFORMATION IS NOT LEGAL ADVICE
This site provides information about the law and class action lawsuit settlements designed to help users safely cope with their own legal needs. Legal information is NOT the same as legal advice - the application of law to an individual's specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. You should consider all postings or writings at TopClassActions.com by staff or others as personal opinion only and NOT the advice of a lawyer. TopClassActions.com Legal Statement

Last Updated on Tuesday, 10 August 2010 11:32

Comments (9)

I submited a few thousand dollars for this claim (and yes, I have the receipts) I keep checking the website for debeers and it stills says last updated Sept 17, 2008. Wonder what the hold up is on this one? I'm anxious to see how much I'll get.

I found Top Class site. I had totally forgotten about the claim I filed...not a huge amount but enough to wonder when it was coming. Thanks for the information. I'm sigining up for newsletters!

Does anyone have the case information for this lawsuit and where specifically the appeals are pending? I'm trying to find out more about this, but it appears to be dormant at this point.

There has been no update to the administrator's website in months.

Is this going forward or did it fall in a black hole?

I have not received anything yet

Has anyone heard anything?

Anyone heard how long the delay will be?

So far I've heard "first part of 2009".

Howdy David and Jack!
Actually, the settlement is being challenged by a number of attorneys trying to get in on the action. I personally submitted a claim as well and am waiting for what should be a significant payout. I hope it's resolved soon, but it could be months or longer before it is finally settled and the judge approves distribution.

Thanks for coming to Top Class Actions! Sign up for the newsletter for updates on this and other settlements!

Warm Regards,

Scott

President and CEO of Top Class Actions LLC

Was just wondering if anyone out there has recieved payment yet,or has heard anything?

Has Anyone been paid yat? If so please respond here!

Myself I should Legitimitly collect some good $! I do have all reciepts. Over 23K worth.

yvComment v.1.20.0

9 Comments

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Wendy makes this comment

Tuesday, 30 June 2009

Seems that they have updated the "updated June 3, 2009" date on their website but still no payouts. I have reciepts for my purchases as well and would like to know what appeals are pending and when payout may be.
Lori makes this comment

Saturday, 04 July 2009

Any news on when the court cases will be settled so DeBeers can go ahead and pay out the settlement money that we, the consumers, are due?
Lori makes this comment

Saturday, 04 July 2009

The date of June 3, 2009 has come and gone. I didn't see any news on the DeBeers site that provides ANY insight into when this might all be over and settled. I am disabled; poor and living on a very fixed income and anything they pay us would help me greatly.
Brooke makes this comment

Monday, 27 July 2009

They only changed the date on their website becuae I had sent an e-mail to them claiming that it hadn;t been updated since September so they sent me one back refering me to the website with the June 3, 2009 date. Nothing changed....I doubt we will ever see a payout
Brooke makes this comment

Tuesday, 20 October 2009

Seriously, the reason this has been postponed because 12 people are fighting it. Unbelievable.
Wilbert J. Oliver makes this comment

Monday, 18 January 2010

When will this payout be made? I have sent in my receipts over a year ago. I understand there was to be an appeal. Has that appeal been heard, or is it still pending? Can anyone say for sure?
Wilbert.
Steve makes this comment

Wednesday, 17 March 2010

Its now 2010, and they said the January hearing no date was announced. I guess the lawyers are getting all of the settlement.
Brooke makes this comment

Tuesday, 13 April 2010

Now theire website says it was updated April1, 2010 but nothing is changed on it. Guess we really should just give up on this one
Amanda makes this comment

Wednesday, 04 August 2010

The Fairness Hearing was held on April 14, 2008, and the Court approved the Settlement on May 27, 2008. Appeals were subsequently filed contesting final approval of the Settlement. A hearing on these appeals was held on January 28, 2010, at the Third Circuit Court of Appeals in Philadelphia. On July 13, 2010, the appeals court sent the settlement back to a lower court for further consideration. No payments will be made on eligible claims until this is resolved. It is uncertain how long this process will take to resolve. It may take several additional months or longer before the settlement becomes final and funds can be distributed to eligible claimants.