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Update: De Beers Diamond Settlement Checks for Consumers Close

By Sarah Pierce

 

DeBeers diamond settlementTop Class Actions just received an exclusive update on the De Beers Diamond class action lawsuit settlement, which is still awaiting payouts to the Direct Purchaser Class (consumers). According to our inside source:

“The official update is that we are preparing an affidavit to be filed with the court pertaining to the distribution [of consumer checks], and once the court approves, distributions will be made. We cannot provide a specific time frame for this to occur.”

Indirect Purchasers (dealers) were given the green light to receive their De Beers Diamond settlement checks in August. And according to a September article on JCK Online, they’re “surprisingly happy” with their De Beers class action settlement checks.

Many of the dealers received five or six figures, reports the article. According to one New York City diamond dealer: “I was among those who was asking, ‘Was it worth the effort to file a claim?’ But it was definitely worthwhile. I almost had to take a second look. I thought, ‘It’s got to be a mistake, I should take it to the bank fast and cash it.’”

Many of these dealers will also receive a second check, as the class action lawsuit settlement agreement was to distribute 85 percent of the settlement fund in one wave, and distribute the remaining funds in a second wave. This excludes Class Members where the second amount totals $25 or less.

There’s no telling when the De Beers diamond settlement checks will be mailed to the consumer class, but it may be at least two months since they’re still preparing the affidavit. Once a date is confirmed, we’ll pass it on.

Keep checking Top Class Actions for the latest updates on the De Beers diamond class action lawsuit settlement, or have these updates delivered to your inbox by signing up for our free weekly newsletter.

 

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Updated December 6th, 2012

 

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1,239 Comments

  • Anonymous December 7, 2012

    Thanks for the update Sarah!

  • Anonymous December 8, 2012

    Back when dealers got there checks and everyone was so happy (back on August 31st) they said consumers can expect their checks in the next few months. December 6th is 3 months and a week later, only to hear that we most likely still have to wait….a couple months….for what probably will be pennies, or HOPEFULLY more than $10 so we at least can get a check lol. This has been dragging out for so long that I just can’t wait till its over, and not to receive the money, just so the anticipation and eventual letdown will be over with.

  • Anonymous December 9, 2012

    Just so typical..the lawyers & the retailers..have received payments..The people mainly affected the consumers received 0..& still may take a few more months because another legal paper…how fitting & not surprising.

  • Anonymous December 10, 2012

    It figures…some retailers get checks for “several hundred thousands dollars” and still have another 15% check coming their way where the people who buy the items from them and help them survive have to sit on the sidelines waiting for more months. A little something before the holidays would have been nice but I’m not surprised

  • Anonymous December 10, 2012

    MORE CRAP WHERE THE COURT TAKES CARE OF THE LAWYERS AND SELLER’S WHO JUST PASSED OFF THE OVER PRICED DIAMONDS TO US THE CONSUMER !!!!!!!!!!!!!!!

  • Anonymous December 11, 2012

    They say they are preparing affadavit–which means in a month or two they will go to court. Usually after they go to court it takes another two months to cut checks. The dealers will have gotten their second check before consumers get their first. They will probally do some hanky panky by holding a % of consumer checks also. I bet we see the easter bunny before we recieve our ckecks.

  • Anonymous December 11, 2012

    boy, with all the negative comments above, I hope this doesn’t jinx it for the rest of us…. be positive !!

  • Anonymous December 11, 2012

    This is getting ridiculous, by the time they get to the consumers the lawyers will have already taken the amount we are owed! We should get our share before they finish paying back retailers, etc or we will never get ours.

  • Anonymous December 11, 2012

    I was hoping they would have held true to the original December date so I wouldn’t be homeless….But that’s okay, God has a plan and I will never invest in diamonds again~

  • Anonymous December 11, 2012

    It’s too bad they didn’t get it to the consumers by Christmas….some of us might have used it to BUY MORE JEWELRY! OH WELL!!!!!

  • Anonymous December 11, 2012

    I hope that the legal and administrative fees for this lawsuit are fairly distributed so that those retailers who received so much pay their share of the legal / administrative fees related to this lawsuit.

    They claimed they were auditing since August, they should have been preparing for the affidavit too!!!

  • Anonymous December 11, 2012

    MY QUESTION IS WHY WASNT THIS AFFIDAVIT ALREADY PREPARED A LONG TIME AGO AND WAITING TO BE SENT.
    WHEN THE TIME CAME? WHAT UP WITH THAT?

  • Anonymous December 12, 2012

    I spent a fortune buying diamond bracelets, diamond rings, sapphire and also emerald necklaces. When will I receive my payout. Please let me know if any further information is needed. Thank you. Juana Barbarita

  • Anonymous December 12, 2012

    I filed a claim with debeers lawsuit the first time I heard about it. since then, I now have two children & yet…. have not receive our share of payment. I assume my children will be in their teens by the time we receive our share! lol

  • Rob December 28, 2012

    If I get one dollar, that is one more dollar I would not have had if the lawsuit was never filed. So no big deal if I have to wait another year!

  • Andrea December 28, 2012

    I think Rob had the only valid point and is pretty much the only one on this forum not stomping his feet around demanding free money! And Vonda, honey….it’s not the lawyers’ fault you are/were almost homeless……some of you people, I swear!!! Apparently there are other issues being addressed at this time through the courts. IT’S FREE MONEY, PEOPLE!!!

  • jeff December 29, 2012

    Sorry –it’s not free money–it’s money that got taken out of your wallet for paying for overpriced diamonds. As for getting a dollar–checks will be $10.00 or more, or nothing at all. This case has been settled for over six months and people still waiting for money should somehow feel blessed? Say a prayer for me. Dealers have had their money for 4 months and we should just sit around and sing song. O M G people !!

  • Judy December 29, 2012

    I am due around 7k as a consumer. If I get a 10 dollar check, you better bet I will make a rather large stink about it. Seems to me the DIRECT consumer should have received their checks FIRST!

  • Andrea December 30, 2012

    Jeffrey: Were you are apart of the original lawyers deal suing Debeers? Did you fight for the movement? No. You didn’t know anything about it, until you came here. Just liek the rest of us.

    Sure…I’d love to have in excess of $5,000 FREE money, that otherwise would have never been issued, but some of these posters here are demanding their payouts, NOW!!!! LOL…..

    I can’t remember wher eI saw the post, but someone posting a mention about not enough folks placing claims and there being overages (due to the lack of claims filed)……hence Debeers parties must go back to court to pay out overages.

    It ain’t over. To the lady who was almost homeless….Somehow. I’m betting that never happened.

    What forum will you feet-stomping people anhialate next when thsi one is over with???

    Its like we are at daycae in this forum!!!!!!!!!!

  • jeff December 30, 2012

    Andrea–Your silly. The debeers settlement for everyone was settled the very same day. Why dealers had their money sent out before consumers only rust knows for sure. Our checks shouldn’t have been held up this long. Since our payout is taking longer–the settlement administrater wants more money(soaking up our money) Anyone would be foolish to think there is more money than claims. We will get a percent of recongnized claim. This was very muched publized to file claims and i believe there is a large number of people in the consumer class. If the website updates didn’t kept saying payout in couple month for the last 8 months I don’t think people would be gripping. May god bless everyone settlement.(Even you Andrea)

  • D, Fisher December 30, 2012

    First and foremost all claimants are entitled to their share of the lawsuit. This GARBAGE has dragged on long enough! How on earth can the purchasers get their share and the consumers have to await ANOTHER court ruling in order to have our share sent to us? BS! We want our share of this lawsuit that Debeers intended to drag out as long as possible. We should be entitled to said interest as well! THE PURCHASERS COULD NOT HAVE DONE A DAMN THING WITHOUT THE CONSUMERS (WHO THE HELL DO YOU THINK BUYS THE STONES FROM THEM?) STAND UP FOR YOUR RIGHTS PEOPLE! THIS IS ABSOLUTE GARBAGE AND THERE IS NO JUSTIFICATION TO WHY WE ARE STILL WAITING ON OUR COURT APPOINTED MONEY. I FOR ONE, AM TIRED OF THE BS AND WON’T ACCEPT SOME SUGAR COATED BS EXPLANATION OF WHY WE HAVEN’T RECEIVED OUR SETTLEMENTS YET.

  • Adam December 30, 2012

    For all of those people having a conniption over the amount of time the “lawyers” are taking. And how unfair it is. And how the system is rigged.

    Remember that those lawyers won the suit for you.

    Just because you really need some check for an unknown sum, doesn’t mean they are rigging the game against you. It just means you are impatient.

  • Mary December 30, 2012

    Lets put the blame where it needs to go—On Rust Consulting!!!! They are the ones wanting more money!!!! Not the lawyers and not debeers. Rust is the one kicking the can around trying to collect more money. They rushed to get dealers their money(which they kept 15%). They just refuse to release everyone money. It doesn’t take that long to do all this stuff. audits were done as people filed.

  • Rick R December 31, 2012

    Does anyone know the number of claimants in the consumer group?

  • Mary December 31, 2012

    Andrea-consumer page section 19 says no one will get more than the claim so stop thinking your getting more.

  • Andrea December 31, 2012

    Dear Mary (and all the foot stompers),
    I didn’t say I believed that I was getting more than the recognized claim. I mearly stated that I had read another forum board as to the reasoning of why this is dragging out longer. Someone quoted a snag in the system. I see you have inspected every inch of the lawsuit. I just don’t have THAT much time on my hands.

    I have been sitting here, cracking UP for the past year at you people DEMANDING you get paid, and get paid NOW! (stomp, stomp, stomp!!!)

    Yes, I have followed this forum on occassion, but it is not my life. In due time, people….in due time. Miss Mary…..maybe you should show up to one of the court hearings and keep us enlightened/updated? Seems how this is “owed” to you, and all?

    Hey….I’d like a couple extra bucks in my pocket, the same as anyone, but do you really think that coming to this forum and demanding your just deserts is going to speed up the process?!!!! You guys are killing me!!

    When you get your paychecks, should I expect you to go away? Or complain some more?

  • garrett December 31, 2012

    If anybody knows anything about the legal system the longer the lawyers drag this out the more they get. they have no incentive to complete this thing the only reason the dealers got paid is because they have more pull than a lowly consumer. If they had any decentcy they would have gotten them out before christmas. they are trash.

  • Andrea December 31, 2012

    Here….I’ll just sum it all up to everyone. Why not piss everyone off all at the same time?

    #18 Judy: Judes…What stink are you going to raise? (legit question!)

    #13 Juanita: No you didn’t. Period.

    #12 Carol: Please STOP WRITING IN ALL CAPS LIKE YOU ARE SCREAMING. IT IS DISTRACTING AND COMES ACROSS AS ILLITERATE.

    #10 Kathy: Very true.

    #9 Vonda: Just stop.

    #7 Deb: We need more like you.

    #2 Don….Donny, Donald, The Donster…….lawyers are like used car salesmen…..they tell you what you wanna hear…for a price. Pay me more, the better bullshit deal I’ll get’cha! Throw in a hot chick….maybe we can talk

  • Darlene Piazza December 31, 2012

    Does anyone have a suggestion for me. Since I filed my claim I have retired and moved to a new address – how can I inform them of my new address?
    xbznk

  • Michele January 2, 2013

    #29 Darlene, I had to change my address also. I emailed them at Administrator@diamondsclassaction.com and they told me what info they needed and update my address no problem.

  • Belinda January 2, 2013

    Just so I know how frightened to be for our country, how many of you people vote?

    Andrea, if I ever run into you at a bar, drinks are on me. :)

  • Ro January 2, 2013

    On JCK updates a poster said:
    The website shows that it was “updated” on December 14, 2012, but absolutely nothing was updated or added, except the new date! However, I see that on December 14, 2012, the class attorneys asked the court to approve more fees and expenses and asked the court to rush it so that the payments could be made by the end of the year!
    I have been thinking, because of what I have read, that the affidavit being prepared was for the approval of payout to consumers. Could the poster be correct it as for approval for more fees and expenses? Oh my!

  • Andrea January 3, 2013

    RE Belinda: Lol!!! Thanks! I have been dead bored at my job and have had a few moments here and there to comment on the feet stompers! Drinks anytime! I’m in CA (USA)…you are probably in Zimbabwe?!!

    Oh hell…Oh, and speaking of “Oh”….Ro….you make no sense. Please proofread your previous post, and give us a more rivetting explanation….cause we are all on the edge of our SEATS NOW!!!!

    (Hey….some people are almost homeless, and some will raise some HELL if they aren’t paid what they think they are worth…….And paid NOW [Ok, soon!!] )

    I am really saddened that I am probably one of the youngest posters here (42), and this world has turned into a “Gimme NOW!”, society. WTF is wrong with people?

  • Mary January 3, 2013

    Andrea- You must never been in a class action before. You arn’t aware that most are settled out very quickly. The very fact that they got right to the dealers claims and left consumers hanging because we are inconsequential to them. If they would just give info or take a phone call alot of people wouldn’t being saying anything. You’ve done your fair share of foot stomping by making fun of others.

  • Belinda January 3, 2013

    Everyone here realizes that the dealers “lost” a whole lot more money than us consumers, right? Of course they got their money first — they were the most affected. And while we’re on the subject, if you spent enough on diamonds that you are expecting a sizable refund and you’re now homeless, I encourage you to examine your spending habits and reassess your priorities. Maybe try spending a little less on diamonds and a little more on rent.

    Also, we’re talking about people who were “screwed” by buying diamonds here. Not milk. Not vegetables. Not blankets for their babies. Diamonds, people. You didn’t have to buy them. Yes, you were overcharged. We all were. But you were overcharged on a luxury that you still chose to buy. How much do you pay for your iPhone each month? Too much, in my opinion. Yet you keep paying it.

    Andrea — LOL @ Zimbabwe. I need to transfer a large sum of money into your account, which you can keep, free of charge. Sound good? ;)

  • Ro January 3, 2013

    On JCK updates a poster said:
    “The website shows that it was “updated” on December 14, 2012, but absolutely nothing was updated or added, except the new date! However, I see that on December 14, 2012, the class attorneys asked the court to approve more fees and expenses and asked the court to rush it so that the payments could be made by the end of the year!”
    I was of the opinion, because of what I have read, that the affidavit being prepared was for the approval of payout to consumers. Could the person who posted on JCK be correct…..was the affidavit being prepared actually for the purpose of asking for approval for more fees and expenses… and not for approval of their audit results and for approval to mail consumer checks ?

  • Ro January 3, 2013

    From what I can ascertain from postings….I do not think we can have any kind of an educated guess unless we know the number of approved claims in our respective class. This may be incorrect, but, do take a minute and peruse the following from another poster:

    https://diamondsclassaction.com/pdfs/Consumer-ResellerNotice.pdf

    Examples:

    Mixed Stones Jewelry – Less than $200 – 6% of the retail price
    Mixed Stones Jewelry – More than $200 – 14.5% of the retail price

    Diamonds Only Jewelry – Less than $200 – 10.5% of the retail price
    Diamonds Only Jewelry – $10,000 or more – 45% of the retail price

    Loose Diamonds – Any Amount – 59% of the retail price
    That’s not the amount you’ll get back, that’s the adjustment they’ll make to see what _share_ of the pie you get.

    So, if there were $1,000 to be divided (just to make up #s), and the only people in the class were person A who bought a $10k diamond ring and person B who bought a $5000 loose diamond, then:
    Person A: $10k *.45 = 4500 “points”
    Person B: $5k *.59 = 2950 “points”
    Total = 7450 “points”
    $1000/7450 = $0.134/point
    Person A gets 4500*.134 = $604
    Person B gets 2950*.134 = $396

  • Way Too Much Time January 4, 2013

    I come on this site about once a year (this has been going on for quite some time)…and all of a sudden, it will occur to me that I filed a claim, and I will come and check the status…I have been sitting here for the last 5 minutes reading the bashing and I will be back in another year…please people, life is entirely too short and my famous words…it’s just not that serious.

    Bottomline is this: all of you previously made a purchase and went on with your lives…the fact that this lawsuit arose provides you an opportunity to get a refund of some sort…when you consider that when you made the purchase, there was no anticipation of a refund, then ANY amount you get back, WHENEVER you get it back, is a BLESSING…

    Hopefully, some of you will ‘play it forward’.

  • Andrea January 5, 2013

    #35 Belinda wins the comment of the day. Bel, wished you lived in CA’s central valley.

    #38- Honey….FYI, it’s “Pay it Forward” (hugs)

    #37- You ASScertained what? Your tally makes no sense? Am I missing something? Ok, I’ll take the fall as the village idiot, but #37 didn’t tell me anything. Ehhh…..nevamind….

    Well ……Like the rest of you….I’m STILL on the EDGE on my SEAT, biting my NAILS!!!!! This is SOOOO EXCITING!!! Mailman, mailman, mailman………Where ARE you? Its like a…a…….a……. bad reality show, ——- only on this site.

    I can’t WAIT! When this is over with…then I can (I mean you can) take it off your “favorites” bar.

    Belinda: Feel free to contact me anytime at;

    Souza1970 at that yahooooooooooo place!

    Hey guys….think about it.Lawyers aren’t going to give anyone here and update. Period. Yes, all us fun-loving cats would love to know what goes on behind closed doors, but…..c’mon…..if you people want a change…go MAKE it happen.

    They give anyone a computer and internet access these days (shaking my head…..)

  • give January 5, 2013

    Andrea–$10.00 free money is coming your way. When they talked about dealers small checks they were talking about consumers. Been fun -i’m donating my winfall.

  • Ro January 7, 2013

    # 39: Andrea, this blogs self-appointed critic.
    (Surely you were not calling me an ass when you posted “ASScertained” unless you thought I did not spell ascertain correctly…or you could not ascertain what I ascertained.) Oh,. ….Nerver-Mind!
    What I posted makes perfect sense to me, but, the formula did take some in-depth perusal on my part…and that doesn’t make me the village idiot either. However, as I eluded to, we are missing some important factors. We do not know final $$ allocated for our respective class; # of approved claims in our respective class; $ amount of each claim approved; quality of diamond/s in each claim vs how much claimant paid for each; total $$ of all approved claims in our respective class…..just a few of the factors not available… keeping almost anyone, in my opinion, from making an “educated” guess, excluding the psychics, of course. I simply was pointing out that it is not that simple….and I believe, that those sorting all this out have their hands full; maybe they are padding the time spent more than necessary…… and maybe not. It is what it is…
    Personally, any frustration that I have felt in this whole issue is that I did not at least do a little “Due Diligence” on the front end. ….that I have clearly ASScertained.

  • Mary January 7, 2013

    #41 Ro, it’s alluded to, love.
    Lawyers are in business to make money. Same reason anyone’s in business. Here’s to a windfall in 2013! Cheers!

  • jason January 7, 2013

    You can’t bake a cake unless you know the ingredients…..therefore any calculations what is possible is just ASScertain as andrea said. Who cares wait for the official word from debeers site.

  • Ro January 7, 2013

    #42 Mary, thanks for the correction, seriously. LOL
    I will have to be more cognizant when posting. I have been known to make somewhat similar errors: accept/except ; their/there, due/do. I think that it is a result of failing to fully engage the brain. Or maybe I should take Andrea’s advice and proof read. Does anyone remember lemon-lyman.com on West Wing? …. deja fu…..oops! ….déjà vu…… whatever!!! LOL I hope everyone is happy with their claim results and in fact does pass it on ….

  • Jenn January 8, 2013

    After looking into the updates and comments, I too eagerly await a check. However, skeptic that I am and having worked with legal applications, I don’t expect to see anything anytime soon. Found something interesting for everyone to ponder: Rust Consulting, Inc. the firm responsible for the payments managed to obtain additional payment for their services at the time of the last payout to the Indirect Purchasers. And, again they are asking for more because of unexpected costs. If they are the industry experts they claim to be then there shouldn’t be another bill from them before the settlements. (just one girl’s opinion). Also, another thought… the Indirect Purchasers received a larger proportionate share than the Consumers, yet many of them passed on the additional costs in the resale…. hmmmm. Don’t get me wrong, I will be happy with whatever I may received, but one still has to wonder.

  • Mary January 9, 2013

    Why is getting any answers about the settlement like pulling teeth. Dec 14 website updated with no new information. You hear from the grapevine that rust wanted more money. For What. Stalling?? Was it money to print consumer checks??? Just what is going on!!!! Top class says that the official message is that rust was preparing affadavit. Please give some pacific answers such as possible time of distrubtion of checks-How many claimants or that they are blowing smoke up our fanny again!!!

  • RUST Consulting LLC January 9, 2013

    Hi everyone. Thank you for the hours of comedy we’ve had reading these. We also billed you for the time it took to read it, so your payouts may be less now.

    This is awesome!

  • The Court January 9, 2013

    Hi RUST (Do you mind if we just call you Russ? It feels more friendly).

    Anyway, please file an addifavit to bill for the time you spent reading these posts. Also, we’ll need an amendment to the affidavit for the time spent reading this post in regards to reading the posts.

    Whataya say we just push this whole thing off a few more months? Oh, btw, drinks later at the country club? Let us know. thx.

  • RUST Consulting LLC January 9, 2013

    Hey Court, sure, Russ would be fine.

    It took us awhile to realize what you were talking about since we forgot about this whole Diamond Class Action thing anyway. We had a killer game of beer pong going here on the 4th floor that distracted us.

    Drinks… sure… lets do that. Should we party-bus it so none of us have to drive after? You need lawyers after a DUI, and we all know how expensive they are!!!

    Gotta run… gonna post an update on the website so it looks like we’re on top of things. Chao friends!

  • The Court January 9, 2013

    Hey “Russ”
    Bad news, the government just closed us down on Wednesdays… something about being short on money.

    Anyway… we’ll have to find time to look at the affidavit later. Just send it later this year… we usually get some free time around Thanksgiving.

  • Screenplay Writer January 9, 2013

    okay everyone. i’ll stop with the posts below… just couldn’t resist.

    can’t wait to get a few dollars out of this too, but no worries about waiting. i didn’t go buy a ferrari thinking i’d have funds to cover it as a result of this lawsuit.

    we’ll all be okay!

  • Ro January 10, 2013

    Just spoke w/ claims administrator rep. (1800-572-3624) he said that it has been released that it is “anticipated” that the checks will be mailed in February 2013 to other subclasses, which includes the consumer class. He did not know it that meant 1st, middle or last of February. Not sure how much emphasizes should be put on the word “anticipate” but I surmise that it is a little loophole…just in case. Actually, I am very encouraged! Think I will have glass of good wine and enjoy the moment.

  • Mary January 10, 2013

    +100000000 to the poseur posters Rust Consulting & The Court – v funny! Btw, Other Mary, did you mean Pacific or specific, because seriously, one is an ocean O_o

  • Gregg January 11, 2013

    If I’m a jeweler and my cost is X to buy a diamond, I charge X + Y to the consumer to recoup my costs and make a profit. If the diamond costs X + A (the inflated price because of DeBeers), I charge the consumer X + A + Y to recoup my costs and make a profit.
    Given the above, why should Authorized Resellers have made anything off this class action suit? Since the consumers ultimately pay the extra, why shouldn’t all have gone to them (us)?

  • Josh January 11, 2013

    Just spoke with claims rep and as of yesterday I am being told they have approval to send out all other sub classes payments. She stated that they would go out Feb 2013 but could not give me a firm date. This is good news since most have been waiting since 2008. Think of it as a 2012 bonus. Not a bad way to start 2013 though.

  • Jeff D January 11, 2013

    Threads 47-50 are hilarious!!!

    I am glad to see people are getting info from the claim admins.

  • Secret weapon January 12, 2013

    I called the administration Center and was told Tuesday , the middle of January checks will be mailed.
    Glad I found this blog. !!!!!MiseryLovesCompany. Lol

  • Ro January 13, 2013

    #57 Secret weapon ..You spoke to them on Tuesday and you say they said Mid January;…I spoke to them on Friday and they said February. #55 Josh report February as well. If it can change that quickly from Tuesday to Friday it may be another 8-years… just joking!!

  • Mary January 14, 2013

    They will wait till the last day of january to update the class action page and say the checks are going out first week of February. Do you really expect them to loose another month of interest? Doesn’t matter that they wanted to send checks out by end of Dec. They are so fine company. They have done everything in the book to sponge up the consumer class payout.

  • Secret weapon January 14, 2013

    I reel that we will get the checks between the 15th and the 1st of Feb. The rep was so assuring of mid month. Hopefully we won’t have much longer. ( less than we have). Lol

  • Andrea January 15, 2013

    Ok, I’m back…..Couldn’t stand being away (*sarcasm*)!!
    #34 Mary: Sorry..No, I have never been a Class Action Junkie, so I am not familiar with this process. I guess you could call me a “virgin”?

    #40 Give: No…. you aren’t going to give your windfall away. You will go find the nearest pot dealer and buy a dime-bag and celebrate a free joint. You know it, and I know it. Berkeley forever, man! Maybe you can sit out on the bay and watch some fireworks? Oh wait….you don’t even have a bank account….how will you ever cash that check?

    I know, I know…..the truth hurts….I’d rather be out with the #47 boys….hell…..they sound like the kids I wanna play with tonight!

    In all fun….and games…lets just keep each other posted as to any updates. Watch…..We’ll be the last to get anything!!!! (or I will)!!!!

  • o k . . . January 15, 2013

    I just ran case via PACER and it still shows last docs filed with courts was to approved the payment to attorney, dated 12/17/12…. so I would not be so trusting to expect a check soon…

  • Mary January 15, 2013

    Back in aug the court got approval for dealer on aug 23. They got dealers checks out aug 31. So if they can put checks out in 8 days for deslers and your saying they got approval12-17-12. Then the checks should be in mailbox. Andrea– $10 is all we are getting–you gotten more entertainment on this board.

  • Ro January 15, 2013

    #63 Mary, I interpreted what #62 o k was conveying in the post as “filed with courts for approval for payment to attorney”…. not approval of payments to consumers. I suspect that this is the affidavit they filed (around the 17th) for approval for more $$ for attorney fees and more $$ for additional expenses, which I do not know if approval was granted…probably was!! I further, suspect that the February date sound more believable than January 15, as one poster said the administrator conveyed.

  • o k . . . January 15, 2013

    as of this morning Pacer still shows last filing was [PROPOSED] ORDER APPROVING
    PAYMENT TO SETTLEMENT
    vs. ADMINISTRATOR that was filed 12/17/2012. The last time any papers for disbursement were filed was
    [PROPOSED] ORDER APPROVING DISTRIBUTION
    OF THE INDIRECT PURCHASER RESELLER SUBCLASS NET SETTLEMENT FUND
    TO AUTHORIZED RESELLER CLAIMANTS AND REIMBURSEMENT OF
    ADDITIONAL EXPENSES INCURRED BY CLASS COUNSEL filed 08/10/2012. Hence I wonder why they are saying to expect checks soon.

  • here we go again January 15, 2013

    #36 ro–if the lawyers asked for just a rush of money 12-14-12…..and nothing more this would mean this will not settle for 2-3 more months. I hope that the court begins to ask why they (rust) can’t get this settled. Lawyers want more money really need to be given us some more info why and not this we are working on affadavit stuff.

  • Me January 15, 2013

    called 18007605431 and listened to the whole recording, didn’t talk to a real person but it says they anticipate checks will go out in mid January 2013.

  • James Simons January 15, 2013

    Went to pacer and ecf, and read through more documents. Also spoke to friend who works at Rust. Payments should go out in beginning of February, but don’t expect a windfall. The court had 130 million to distribute (less legal, administration, etc.) that has turned into approximately 100 million. There were approximately 2 billion in claims, so you will see about 5% of what you put in for. Better than nothing.

  • Melissa January 15, 2013

    Isn’t today technically “mid January”? lol.

  • Melissa January 15, 2013

    James: Not to sound ungrateful but 5% of what I put in for is nothing short of a waste of my time. I hope you’re wrong but if you’re not then it’s a clear example of how the consumers got screwed twice. Par for course in todays day in age I guess.

  • Ro January 15, 2013

    It sorta appears that they are just playing with us. Let’s see…they told 1 person Feb 20, another Feb 1st, another Jan 15, another Feb 15, another sometime in
    Feb….guess the Feb’s win!!!

  • Paul January 16, 2013

    I’ve been following this update for several months. I’ve created an Excel spreadsheet of all the “numbers” (i.e., dollars and claims) that I could find.

    Total settlement: $295,000,000.00 when subdivided into certified classes:
    - Direct Purchaser – $22,500,000.00
    - Indirect Purchaser – $272,500,000.00 when subdivided between Resellers and Consumers:
    - Resellers – $110,806,385.50
    - Consumers – $161,693,614.50

    # Bonafide Resellers Claims: 6,190
    # Bonafide Resellers Claims: (unknown at this time)

    Court authorizes payment Total
    $33,648.17 – Rust for claims administration fees and expenses incurred and outstanding to date
    $92.52 – payment of future claims administration expenses that Rust and class counsel reasonably expect will he incurred in connection with administerinu Reseller Subclass member claims.
    $5,938.04 payment of accounting/tax return preparation services related to the escrow account holding the Reseller
    $403,994.93 – reimbursement of expenses incurred for Class Counsel

  • Paul January 16, 2013

    CORRECTION (to my first post)

    # Bonafide Consumers Claims: (unknown at this time)

  • Adam January 16, 2013

    If I get 5% of what I put in for, even assuming that means 5% of the amount according to the settlement and not the total amount paid; Ill be jumping for joy!

  • Paul January 16, 2013

    (Here’s a corrected reposting of my previous postings)

    I’ve been following this update for several months. I’ve created an Excel spreadsheet of all the “numbers” (i.e., dollars and claims) that I could find.

    Total settlement: $295,000,000.00 when subdivided into certified classes:
    - Direct Purchaser – $22,500,000.00
    - Indirect Purchaser – $272,500,000.00 when subdivided between Resellers and Consumers:
    – Resellers – $110,806,385.50
    – Consumers – $161,693,614.50

    # Bonafide Resellers Claims: 6,190
    # Bonafide Consumers Claims: (unknown at this time)

    Court authorizes payment Total
    $33,648.17 – Rust for claims administration fees and expenses incurred and outstanding to date
    $92.52 – payment of future claims administration expenses that Rust and class counsel reasonably expect will he incurred in connection with administerinu Reseller Subclass member claims.
    $5,938.04 – payment of accounting/tax return preparation services related to the escrow account holding the Reseller
    $403,994.93 – reimbursement of expenses incurred for Class Counsel

  • Andrea January 16, 2013

    #68: Wow….I guess it IS a big world…I mean….about 25% of all subclass diamond purchasers EVER, ever, EVER!! filed a claim? I find that VERY hard to believe. Two (2) BILLION? I can see 2 Million….but….c’mon…..this wasn’t a highly advertised lawsuit, now. Go smoke another bowl.

    Mary: thanks, darlin’….this has been hilarious to say the least and oh….

    #72Paul….Please tell me you didn’t just write, what I think I just read? Honey…sweetie….isn’t there a “Trekkie” (Star Trek), or “Total Nerd” convention you could have attended, instead? Really? This is getting RI-fucking-DI culous, people!!! I love it!

    Nah….Drinks on me, Ro!!!

  • o k . . . January 16, 2013

    um, regarding the 2 billion claimants” really? cos 2 billion divided by 161 million leaves us nada and actually in the negative…. pretty sad.

  • Andrea January 16, 2013

    I apologize, my statistics were a bit off. There is roughly 7 billion people in this world, and 2 billion of them filed a diamond claim? Me thinks not. You have to take into consideration all the 3rd world countries and whatnot. Try again, sailor.

  • Andrea January 16, 2013

    OOOPSIE again! #72 Paul……have another one, Andrea!

  • ally January 16, 2013

    The dealers had billions in claims and still got nice checks. I believed there are billions in reconized claims in consumer class too. We were never getting 100 % of our claim.2-5 % seems likly. I don’t think they meant billion people but billion dollars in claims.
    Andre–your getting as popular as honey boo boo !!!!

  • o k . . . January 16, 2013

    …more like approx 0.0805… (161 mil divided by 2 bil) Regardless, it will be interesting to see. I hope people send a copy of their check to topclassactions as Scott requested when they finally do see one just to see what became of all this.

  • Paul January 16, 2013

    On Aug. 10, a New Jersey federal court gave the go-ahead to send out the first checks to industry members in the De Beers antitrust class action settlement.

    The case administer, Rust Consulting, said in a court filing that it had received and processed 7,862 claims from members of the Indirect Purchaser Reseller Subclass, which includes most jewelers and diamond dealers. Of those, 1,672 were found to be ineligible, leaving a total of 6,190 bonafide recipients.

    The total amount being allocated to that sub-class is $110,806,385.50, which includes interest. Any future administrative and escrow fees will be subtracted from that amount.

    The court ruled that claims filed after the deadline of May 19, 2008, but before Feb. 28, 2012, would be accepted, provided they are determined to be eligible for payment. This impacts 343 claims.

    Claimants whose total payment would be $25 or less will not receive a payment, Rust said. Some 135 claims fell into this category.

    The payments will be done in two steps. Claimants will receive approximately 85 percent of their payments during the initial distribution and the remaining 15 percent during the second distribution. However, they will be paid in full in cases when the second amount totals $25 or less.

    Some diamond dealers who bought directly from De Beers or its competitors are entitled to file claims in the direct class.

  • o k . . . January 16, 2013

    Yes Paul, we all are full aware of what the sellers already received. Sadly those that actually spent money and were over-charged (as opposed to those who purchased the products for re-sale and made money on the sale to consumers regardless of how much they were over-charged and in turn over-charged us, the consumers) are the ones getting the short end of the stick, if we get anything at all…

  • Cheryl January 16, 2013

    I just spoke with the claims admin 1.800.572.3621. He advised that the claims admin is still working on processing the checks. The checks will be mailed out via regular mail sometime in Feb. An exact date was not provided.

  • Kelly F Kerley January 16, 2013

    Called the toll free # and recording said they expect distribution checks to go out sometime early 2013.
    The email I received 2 weeks ago : no known time and no known amount. Keep waiting =/

  • Andrea January 16, 2013

    #80- oh God!!! Please don’t compare me to that odd family!!!

  • scottw January 17, 2013

    @Ok
    Well said. Really who cares what the sellers paid for their diamonds. If they paid 1k then they sell for 3k. IF they paid 2k then they sell at 6k. Their markup is always the same. The consumers are the ones who overpaid in the end and are getting doubly screwed. The original sellers deserve nothing.

  • Ro January 17, 2013

    #86 Andrea Off the subject, but, OMG, I agree with you on that family… but, mostly I do not understand why people think that is intertainment…..

  • ally January 18, 2013

    Sorry andres about the honey boo boo coment. If the administrator is printing checks(thats a joke) but anyway why can’t they give us a breakdown if they apparently got approval. Computer generated checks don’t take long to print. Give us the number of claimants approved and disapproved. They want the interest payment for jan too. So NOOOOOOOthing til feb. from these crooks. PS i love that they told court they wanted approval quickly so they could get this done by end of year(another joke).

  • Secret weapon January 18, 2013

    I’m confused as to why the number of claimants filed important? We were told everyone will be paid a percentage of what was turned in. That being said, what else matters that Im not informed of. I understand if 20% turned in $30.000, then that would be calculated for that group and deducted for that category. Nevertheless , you can’t possibly
    Figure what each person would receive. please inform me what I missed. New to the blog!!! Surely if it was enough Money for the direct
    Purchasers , certainly we will be compensated on whatever!!!!

  • Adam January 18, 2013

    @Secret Weapon

    There is a big difference between 10 people sharing 30,000 and 1,000 people sharing $30,000.

    You are right that you cannot exactly estimate what you would receive if you knew the number of claimants. But, by making a few educated assumptions, you can get a range.

  • Mike January 18, 2013

    If they could give us the number of claims approved/disapproved, they could just as easily give us the number of dollars (of claims, not purchases) approved, which is all we would need to calculate what each of us will receive.

    #68: How did you find out that there were approximately 2 billion in claims? From a website (which one?) or your friend at Rust, or somewhere else? If that is true, that is the number we need, not the number of approved claimants.

  • joann January 18, 2013

    has anyone received an email from the admin. of debeers declaring a confirmation of claim?

  • Arleen L January 18, 2013

    Woo Hoo!!!! Check is here!!!

    Filed a claim in the first week we could, where the eligible percentage allowed to claim was $12,650 all together. Check is for $242.14 (roughly 2%).

    Not a ton, but a whole lot better than anything I expected the days I bought the diamonds. A whole lot of complaining on this site, but lets be honest… we didn’t have to buy them in the first place, and when we did, we weren’t expecting to get anything back… so be happy with anything and stop crying. I’m off to the grocery store to spend my windfall!

  • Bill January 18, 2013

    Got my check today. Submitted nearly $20,000 claim years ago. Check was for $143.68. What a joke. The only ones who did OK here was the attorney(s)

  • Adam January 18, 2013

    Bill and Arleen…

    What types of diamonds did you purchase? Stones only? Mixed stone jewelry? or Diamond only jewelry?

    And if you don’t mind me asking what region do you live in? So we know where the checks are coming from.

  • Theresa January 18, 2013

    How is it that Bill and Arleen received checks? The website is not updated, nor is the 800 number. I would think the website would have informed us that checks finally went out. Hmm…

  • Carolyn January 18, 2013

    # 95 Bill and # 94 Arleen L. I hope you guys are not for real. Please share what state you are from as I am confused. I spoke to the adminstrator rep yesterday, 1-17-13. She was firm that checks would not go out until Mid February to late February and all checks would be mailed in one batch. Guess if you lived closer you might receive check sooner. Plus: Your dollar amounts are much, much lower than I hoped for. Guess I still hoped for the good fairy.

  • Ro January 18, 2013

    # 95 Bill and # 94 Arleen L… I’ve been wrong one other time in my life, but, I really do not think that you received checks from the De Beers action suit. …. are you jerking our chains? :) Hmmmm!

  • Arleen L January 18, 2013

    I live in Two Rivers (outside of Green Bay). Wasn’t expecting to see anything either based on the feedback on here, but it came.

    Again, nothing to complain about. It wasn’t anything to quit my job over, but I didn’t expect anything at all when I bought them (or my husband did), so money is money. Again everyone… you made the decision to buy… stop complaining and be happy that you get a free fill-up on your next trip to the gas station.

    It was a mix of stuff in the claim (Mostly diamond-only stuff, but a few mix stone jewelry. No loose diamonds).

  • Liz January 18, 2013

    #100 Arleen L. what was the name, return address and postmark on the envelope?

  • Arleen L January 18, 2013

    #101… There isn’t a name on the envelope, just the title “Diamond Settlement Administrator.” The address is PO box 9432, Minneapolis, MN.

    I threw away the stub to the check at the bank, but I think it was just my name and address that were showing through the window, and there were no other contents.

    Not sure what you mean by “postmark.” It doesnt have a stamp on it… just an ink stamp like most businesses use, and it’s got black “scuffs” over most of it (either from the post office, or my trash can that I just pulled this out of).

  • o k . . . January 18, 2013

    Post marks are rare these days since everything is now done electronically. But it makes sense that you got it soon since WI is near MN’ those further away will take longer with folks in CA, HI and AK probably getting theirs last, just due to postal operations. And yes, when they mail them, it will be a bulk mailing and at once. The phone number given now says it is due to be disbursed early 2013, but when I called last week it said mid-January 2013. Nothing we can do to speed up the process. Given the amount going to be received, if any, won’t change my life or make it any better, why stress over it???

  • ally January 19, 2013

    Checks are fake. Bill been here before—go to aug 21 topclass and look at post #48. Bill had 40,000 and got 56.33 The other lady since she didnt have much info probally got the diamont walnut check. They were out in dec and i got one of them. Rust wants another month of interest on 150 million which is a nice monthly chunk.

  • sammy January 19, 2013

    It took 8 days to get checks to dealers and i am hearing mid to late feb for consumer. What a joke. They can print and mail these checks tomorrow if they wanted to get off OUR MONEY. They enjoyed tips from dealers and thats why they got theirs ahead of consumers.

  • ya....... January 19, 2013

    Pacer still does not show paperwork for disbursement to consumer class… NO checks can be mailed until the court approves such…

  • sammy January 19, 2013

    if court didn’t approve how can they cut checks like they say they are doing unless were going to get a fraction of money.

  • Adam January 19, 2013

    @Sammy
    The requirement to get court approval has nothing to do with the size of the checks.

    Arleen does live in the right region to receive her check first. But she easily could’ve cut and pasted the address from the administrators site.

    If the checks have begun going out, then we should know soon enough. Arlene won’t be the last to post.

    A week ago, I was putting the over/under at $170, but now, I think I’m getting in the high $400’s on $26K in diamond only jewelry. That’s assuming Arlene is telling the truth.

  • sammy January 19, 2013

    Adam do you really think she is the only one to get a check- you are ASSuming alot. No checks are out and wont go out possibly late feb. Go to top class archived newsletters jan 14 version on bottom it says they are suprised about feb because they were told april. Stop assuming percentages until you get some facts from the distrubution of checks. We all are patiently waiting word and wish rust was more upfront with what is going on.

  • Adam January 19, 2013

    @Sammy
    I didn’t say she was telling the truth. In fact, I gave two qualifiers that implied it would be easy for her to lie. Then, I even used the word “assuming” before I gave my estimate of what I would receive “if” she was telling the truth.

    You, on the other hand, have suggested that dealers “tipped” Rust and that’s why they received their checks first. Also, that the reason court approval wasn’t given was that only a fraction of the money was being distributed. Is yours a better ASSuption the mine.

    There are no facts on the distro. For that reason, I’ve enjoyed attempting to predict my amount using only public data, buying patterns and educated guesses. I won’t know if I’m right until I get my check, but that doesn’t prevent me from running Arleen’s numbers against mine to see if they conform. Which they do.

  • Secret weapon January 19, 2013

    I contend that examples: a. $10,000 Stone @ 45%= $4,500
    b. diamond Jew.@39%=?amt. sent in
    c. Loose stones@25%=?amt. sent in
    d. Mixed stones@ 25%? amt. sent in

    How can you possibly determine everyone’s amount, not knowing the worth, nor how many fall in each category. Educated guesses, I don’t think so!!!!! Maybe I’m in denial for thousands of claimants and how much turned in on the fact sheet. It seems as though you’re thinking the money is devised by one amount and the number of people!!!. Help!

  • Adam January 19, 2013

    @Secret weapon

    You don’t need to figure out how many people fall into each class, you just need to figure out what fraction of that amount each claimant will be receiving.

    Since we already know the amount to be distributed, the best single piece of data would be the number of claimants. We’ll know that soon enough, but until then it’s fun to use known statistics to estimate the unknowns.

  • ya....... January 19, 2013

    @secret weapon: the settlement notice says “Your share of the Proposed Settlement will be paid on a pro rata basis from the money available in the specific Class or Subclass Settlement Fund to which you make a claim. This means that your recovery will be based on several criteria, including the quantity, purchase price and type of the diamond(s) and/or diamond jewelry you bought and how many Class Members file valid claims.” So, if there were = or < in total consumer claims than what was
    “CONSUMER DIAMOND PRODUCT TABLE
    Item Purchase Price Recognized Claim Percentage

    Mixed Stones Jewelry Less than $200 6% of the retail price
    Mixed Stones Jewelry $200 or more 14.5% of the retail price
    Diamonds Only Jewelry Less than $200 10.5% of the retail price
    Diamonds Only Jewelry $200 – $999 27.5% of the retail price
    Diamonds Only Jewelry $1,000 – $5,499 32% of the retail price
    Diamonds Only Jewelry $5,500 – $9,999 38.5% of the retail price
    Diamonds Only Jewelry $10,000 or more 45% of the retail price
    Loose Diamonds Any and all 59% of the retail price” SO, just because according to the claim form recognized claim amount might say you would get an amount, due to pro rata calculations, you will only get a percentage of the total claim amount dependent on the total of all the other claims from teh rest of the claimants.

  • ya....... January 19, 2013

    “So, if there were = or < in total consumer claims than what was ” shoulda read So, if there were = or < in total consumer claims than what was awarded then yeah, a claimant would get awards as such:… than at bottom ( it is doubtful that allvalid consumer claims – or are less than the total settlement award for the class, hence getting far less than the claim form lead anticipated amounts…

  • Chief January 20, 2013

    I live in Iowa- Only 2 hours from where these checks are to come from.. No way anyone has a check yet.. This is like the 10th time someone has posted that they got a check..

  • formula January 20, 2013

    Take percentage of your item divide by.8777 take 1/2 of that number subtract $10.00 and you’ll be close.

    example 10,000 diamond at 45% 45/.8777=51.31
    51.31 -25.65=25.66 minus 10 15.66 per 10,000
    15.66 qualifies for check sent This formula is top secret. You can’t tell anyone about it. So please remember that this is a test and only a test. For personal enjoyment only. For dates of checks to be sent send a self addressed envelope to yourself and if it arrives subtract 305 days from the day you recieve it.

  • ya....... January 20, 2013

    “#112 Adam 2013-01-19 17:14
    @Secret weapon

    You don’t need to figure out how many people fall into each class, you just need to figure out what fraction of that amount each claimant will be receiving.

    Since we already know the amount to be distributed, the best single piece of data would be the number of claimants. We’ll know that soon enough, but until then it’s fun to use known statistics to estimate the unknowns.”

    Well not quite because each claim has 7 different variables to it, given the item claimed and cost so no wonder it is taking so long. If i worked there, I woulda have pulled all my hair out by now…

  • alley January 20, 2013

    They invented this thing called computer–punch in some data and it calculates really quick. Fred and Barney Flintstone arn’t sitting around calculating or carving up rock checks. Press a button and done. They should have all claimants info in that thing they call computer. Everyone been in for awhile really people…. oh there goes amail truck thru Minneapolis…they got those checks …lol

  • ya....... January 20, 2013

    yes but someone has to punch in all that date to start with; it doesn’t just jump from the paper to the software by itself sadly… Even so all I was saying is that it is not the same calculation for each claimant unless they copied each-others papers…

  • Wise Man January 20, 2013

    You guys are all cracked in the head if you think you are going to get some kind of windfall out of this deal. The only individuals coming out good class action lawsuits are the attorneys. So forget about it, and have a good laugh when you get your check for $12, and understand The Man stuck it to you again.

  • ya....... January 21, 2013

    I don’t expect a windfall at all, never did; It is interesting to read people’s thoughts is all.

  • M.S January 21, 2013

    Some of these people have nothing better to talk about how they received $26. here $254. there. IT CANT BE TRUE. THEY HAVE NOT MAILED THE CHECKS FOR CONSUMERS AS FAR AS I KNOW. THE MESSAGE ON THE 800 PHONE NUMBER IS THAT DISTRIBUTION OF CHECKS WILL TAKE PLACE IN JANUARY 2013. THE PERCENTAGE THAT THEY POSTED THAT WILL BE SENT ON A GENERAL BASIS COULD NOT POSSIBLY HAVE CHANGED FROM WHAT HAS BEEN APPROVED BY THE COURT. SO PLEASE IF ANYONE DOES NOT HAVE THE RIGHT INFORMATION,WE DONT NEED TO HEAR STORIES.

  • alley January 21, 2013

    Ya- when everyone applied in 2008 for claims it (data) has been there for 5 years. No one has to put anything in.No one is hand writing checks….these are stall tatics so they keep money in their possesion not yours.

  • M.S January 21, 2013

    How does one remove comments off this posting wall? Let me know please!

  • Adam January 21, 2013

    I’m not expecting much myself. But, I think I would be happy with less then others here are expecting. If I get 1% of my claim amount(not overall amount spent). I get $117. I’d be happy with a third of that, but this site has made it worth it for the entertainment value alone.

    I’ve enjoyed reading the conversations, and estimating the figures. I do think the big spenders will be tough to predict, as will the under $10 threshold.

    Anyone else feel like guessing the number of claimants?

    I’m going to say 2,000,000

  • In The Know January 21, 2013

    There was 1,497,223 Claims submitted. I don not know the number of “valid, clean” claims though of that number. Proposed date of checks issuance 4/15/2013.

  • Also in the know January 22, 2013

    I heard from my third cousin’s step uncle’s dog’s dope dealer that the checks were sent out already.

  • M.S January 22, 2013

    Please remove posting # 122

  • Mike January 22, 2013

    #127: At least you attribute a source! ;-) Most of the “in the know” people here just post statements as if they were facts, with no way to verify them. Oh well, I guess we’ll see the checks when we see them.

  • jim January 22, 2013

    I spent about 5k on my diamond, and i am expecting a check of $300 million. Seems reasonable to me.

  • One Of the 47% January 22, 2013

    Don’t need much from Diamond Settlement…..now fully enrolled in in foodstamps and WIC. Got my loaded cards yesterday. A BIG thank you to all you guys out there working for a living and paying your taxes.

  • Andrea January 22, 2013

    Now, now….children…..(patting you on the head) Lets all pipe down for a while and go take a nap. When you wake up I’ll give you all a GREAT BIG SQUEEZE and tell you how it’s all gonna be alright!

    No really?!! My beer just got warm reading all the bantering over this! Ro…..where ARE you? I need a fresh drink! People are compaining again.

    I’m simply at a loss anymore as to what comedic commentary I can add to this circus of a forum. You people are ridiculous, if not entertaining.

  • Ro January 22, 2013

    #132 Andrea..you are a hoot! :)

  • Trudy Trombley January 23, 2013

    I have been trying to get an acknowledgement of my change of address for 2 years now. There is never a response by e-mail or on the phone. Finally sent a certified letter, but still I don’t know if that is going to make a difference. Wish I knew the name of the law firm that is doing this so I can contact them directly or at least the bar association in their state.

  • Trudy Trombley January 23, 2013

    Michelle,
    I never heard from them when I notified about change of address. How did you manage it?

  • alley January 23, 2013

    Would be nice to have an offial update. If they are processing checks they should know where things stand.

  • Sherry in MN January 23, 2013

    To #134 Trudy. I sent a change of address request via email and they sent me this response below.

    Your address is up to date on your claim.

    Thank you,
    Diamonds Claims Administrator

    ________________________________
    From: S***** T****** [s*********************@yahoo.com]
    Sent: Friday, December 30, 2011 7:59 AM
    To: diamondsclassaction
    Subject: Change of Address

    This message (including any attachments) may contain confidential or otherwise privileged information and is intended only for the individual(s) to which it is addressed. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. E-mail transmission cannot be guaranteed to be secured or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message or that arise as a result of e-mail transmission. If verification is required please request a hard-copy version from the sender.

    Rust Consulting, Inc.
    http://www.RustConsulting.com

  • Sherry in MN January 23, 2013

    My previous comment was cut short, but what I wanted to add is that I live 35 miles west of Minneapolis in Monticello and will send a note out when I receive my check in the mail. Good luck and patience to everyone out there.

  • Sue January 23, 2013

    Trudy, hope your claim doesn’t go thru…..more money for me!!!

  • Sue January 23, 2013

    The Fairness Hearing was held on April 14, 2008, and the District 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. On August 27, 2010, the Court issued an order granting plaintiffs’ request for a rehearing by the entire Court, thereby making the first appellate court decision no longer in effect. The Court heard the appeal again on February 23, 2011. On December 20, 2011, it held that the settlement complied with the law and should be approved. On May 21, 2012, the U.S. Supreme Court denied the final petition for review. Pursuant to an Order of the Court, Initial Distribution checks were mailed to Authorized Reseller Claimants on August 31, 2012. Please see the Resellers Home Page for more information about the Initial Distribution. The claims administrator has conducted final claim audits and check have be sent out 19 January 2013 to valid individual class claims.

  • Dave January 23, 2013

    What’s the contact information to check that addresses are up-to-date? I see folks have been emailing, and calling, but I can’t find the actual numbers, etc.

    I’ll be happy to get anything–it’s more than my broke @$$ has now!

    thanks!

  • Me January 23, 2013

    I just wrote to them this morning asking if they knew when payments would go out sense there is so much misinformation with their own phone message saying one thing then being changed here is the message I got back

    The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in February 2013.

    Thank you,

    Diamonds Claims Administrator

  • Sherry in MN January 23, 2013

    Dave,

    I have had success e-mailing to the following address

    Administrator@diamondsclassaction.com

    Remember to include your Claim Reference Number that was provided to you when you first filed your claim online.

    Good luck!

  • Helen January 23, 2013

    I emailed and got the same response that they anticipate funds going out in Feb 2013

  • Alak January 23, 2013

    I never received a claim number.

  • got my check today January 23, 2013

    ty mr mailman-ohio of all places.

  • alley January 25, 2013

    emailed rust consulting and they say they are final auditing and checks will go out feb 2013. Hold on to your big boy pants and just wait!!!!!

  • David January 26, 2013

    Is there a list you can check to make sure that your claim was actually filed way back at the beginning?

  • Dave January 26, 2013

    Yeah Sue we’d all believe you if you didnt copy and paste the dealer info and totally engrished the latter haha ur a /Joke .. Go troll World of Warcraft players or something.. Your grammatical errors are atrocious…

  • Steve January 26, 2013

    Sue…interesting that in the document that you quote they show the dates in MM/DD/YY….when you get to the bottom and “input” the so called distribution date it is entered “DD/MM/YY….why the difference????

  • DAG January 28, 2013

    As they have finished the audit, have they mentioned how many “consumer” claimants there are in the “consumer” class portion of the settlement?

  • alley January 28, 2013

    Final approval from court would have all that information….anyone seeing final approval for checks to come out in feb?

  • Sam Adams January 28, 2013

    Over 300, 000 claims made for consumer class.

  • DAG January 28, 2013

    —–Original Message—–
    From: diamondsclassaction
    Sent: Tuesday, January 29, 2013 01:31
    To: DGuadagni
    Subject: RE: general information concerning consumer class participants.

    The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in February 2013.

    Thank you,
    Diamonds Claims Administrator

  • Paul January 28, 2013

    #154 @DAG

    I got the EXACT message from the person who answered the phone when I called today to verify my address and claim information on file were correct.

    Though the automated phone message said, due to the volume of calls, my wait time maybe 30 minutes. But I waited only 5 minutes. The person was helpful and then went on to say the same wording.

  • alley January 29, 2013

    If you go to top class action home click on newsletter click on archived jan 28th edition–they say debeers checks to go out soon and continued to say late Feb.
    I still think it is awful how rust consulting doesn’t like to give out only canned messages with little or no details. Andrea your being quiet girl–glad they changed posting back to way it was

  • ya....... January 29, 2013

    @ally: it specifically says “While SOME have said that checks have gone out for the De Beers diamond settlement, NOTHING has been confirmed. The only item I CAN confirm is that checks are scheduled to go out “soon” and that it’s expected all of the checks for consumers will be sent out by the end of February. We’ll see!”

    There is nothing confirming anything there, it says expected and that nothing has been confirmed. The only ones who can say for sure is Rust Consulting and we all know they are saying basically ‘just wait (longer)’ LOL English comprehension is a key skill in correct communication…

  • Melissa January 30, 2013

    I don’t think I even care about the money anymore…. I’m just enjoying the entertaining banter happening on this thread. lol
    Anyway, here’s my challenge to everyone…. since this is technically bonus money (as in when you made your diamond purchase you didn’t anticipate some day you’d get a little cash back for it) I’d like to see everyone commit to donating your windfall (joke) to a charity of their choice. I will be donating my check to The Haven of Rest Ministries here in Akron, Ohio. They are a wonderful organization that cares for our local folks in need.
    I’m a very fortunate person. Not only do I have the necessities but I also have a few “extras” (like diamonds!) so this is a no brainer for me. I hope most of you will consider doing the same with your settlements!
    Have a great day! :)

  • Andrea January 30, 2013

    Man……I’m sure gonna miss all you turds when this lawsuit is over……the edge of your seats must be thoroughly worn down, by now. Blehhh……I’m gonna go make myself another cocktail now, and check back in a few weeks……

  • alley January 30, 2013

    Does anyone audit rust consulting to verify their numbers. How do we really know if they actually send out all the checks to cover class and do they pocket the interest money each month…..hence send checks last day of month to get interest.

  • D January 30, 2013

    Yep, I too am just here for the entertainment; at least it is a humorous way to pass a few minutes LOL

  • Jim Beam January 30, 2013

    Andrea, make me a cocktail while your at. Together we can plot our lives together, traveling the world with all the cash we get from this settlement.

  • Ro January 30, 2013

    #159 Andrea…. with all those cocktails that you and I are having…one might think that we are trying to “get drunk and be somebody”….oh no!… it’s the BIG settlement dollars that is going to make us “Somebody” right? Just Joking of course.

  • alley January 31, 2013

    OK now – the liquor cabinet is getting low Please send checks soon. This whale can’t be beached–please.

    At least blow some smoke with some lame update.

  • ya....... January 31, 2013

    PACER court docs do not show any disbursement papers as filed yet; just a declaration of a claimant whose claim seems to have been lost and he is trying to dispute the fact with the court. So, I wouldn’t be expecting anything anytime soon.

  • az January 31, 2013

    After submitting my claim, I received a confirmation number. However, no one ever requested supporting documentation for my claim. Did y’all submit anything to the claims administrator?

  • alley January 31, 2013

    didn’t have to document either–believed if under 10,000 usually you didn’t need documents

  • MP January 31, 2013

    Yes, I was asked to provide documentation immediately for my loose diamond and they gave me a deadline of 30 days to do so.

  • D January 31, 2013

    It is really sad that we teh consumers, the ones who paid the most towards the purchase of these items will be getting nearly nothing after all this time but he big companies made big profits on us and the part they got from the settlement.

    Zales got $1.9 million

    Signet got $3.9 million

    (http://www.jckonline.com/blogs/cutting-remarks/2012/12/10/what-big-jewelry-chains-got-from-de-beers-antitrust-settlement)

  • Secret weapon January 31, 2013

    Documentation is a MUST! We were sent an itemized act sheet that
    each piece of Jewelery had to show the list price and the receipt attached.
    I was asked to verify the appraisal of a 10k diamond on the itemized sheet, your total in each category along with appraisals. I was also asked to send a second itemized total from stones and diamonds. Don’t want to kid myself from 37k/0 after reading this blog
    LOL

  • Kay January 31, 2013

    Administrator@DiamondsClassAction.com

    1(800)572-3624 M-F 8:00am -4:30pm CST for questions or address change etc…

    Two minute wait. The gal said that checks will be mailed first quarter 2013. I explained that my ex was on original form, now divorced and I received ring in my settlement. I am sending the settlement agreement to them…..

  • alley February 1, 2013

    I love how people say they have $37,000 diamond ring and loose diamonds….. and have time to troll this blog….sorry hun but its going to be cheap asp payout. You people need to wake and and smell the facts…..little or next to nothing are you going to get. Enjoy the amuzement here(you too andrea). Peoples bubble will soon pop!!!!! I’m waiting to get $10.00 so i can buy some more cheap liquor.

  • Carolyn February 1, 2013

    #171 Kay reports Administrator…told her today…..1st Qtr, 2013. When they change the phone personnel response…usually means another delay! Hmmmm!

  • Vince February 1, 2013

    Perhaps my check will have some extra zeroes added to the amount. Several Million would be nice!! I would have it deposited and cleared in a cayman island account in a FLASH!!!!!!!!!!!!!

  • Sam Adams February 1, 2013

    Whats everybody doing this weekend??

  • jim February 1, 2013

    i have a great and foolproof idea on how to figure out EXACTLY how much your check will be for. Relax, have a beer, and wait for the check to arrive! For me, I will be extremely happy if I can fill up my tank with the “windfall.”

  • jim February 1, 2013

    and sam adams, I will be doing one thing this weekend. Watching the Ravens DOMINATE the 49ers!

  • Ro February 2, 2013

    Notice how all the bitching stops on the weekends… could that mean employers are paying the bitch therapy?

  • Sam Adams February 2, 2013

    Sorry Jim, there is now question SF will dominate and be victorious in the SB. The only question, is whether they will cover.

  • alley February 3, 2013

    Really–first quater now. not feb. Then it will be second quarter…..will this ever end….. send us 85% like dealers so at least we will know how bad things are going to be!!!

  • gesh! February 3, 2013

    Not much more venting to do it seems to me as it really seems to be proven Rust is dragging their feet on sending out anything to consumers; I suppose it is job security for them… and given how it is said there is billions in claims and only a few millions to divide and disburse, i am thinking that most claimants won’t be even getting $10.00 so Rust will have millions to disburse to the charity of their choice and I bet they have a non-profit organization under their wings and control or a Cayman bank account all this moolaa is sitting in….

  • Andrea February 3, 2013

    Sorry kids…I’ve been down with the flu…so today, Superbowl Sunday, I have vowed to get out of bed and flush this damn cold out with a 12 pack (of beer, hello?). Enough, is enough. Thanks for all the updates (that way I don’t have to check!) You guys are really great, you know that? Even Rust. I’m still keeping my finger’s crossed for a $5,000 check…..hell….a girl can dream, and Hawai’i sounds pretty good about now.

  • Ro February 3, 2013

    Andrea, $5,000 is enough to “get drunk and be somebody” :) right? My original calculations generated a hopeful $13,000. I now have adjusted that hope….tremendously…guess “what will be will be” ..or… when I look at my $10. check I’ll think…”it is what it is”.
    Enjoy the superbowl everyone!

  • Sam Adams February 3, 2013

    Hey Andrea if San Fran covers today and goes over, I will take you to Hawaii. And the rest of you guys can have my diamond settlement check if/when it comes.

  • Trudy Trombley February 4, 2013

    thanks for the phone number to talk with a person. I was finally able to verify my change of address and get my claim number.

  • Mary February 4, 2013

    End of Dec and most of January all you heard from Rust Consult is that they are working on checks. Now the tone is we are auditing. AGAIN? If they took a month to print checks the just mail the darn things and if you owe us more money send it later. Dealers are getting ready to get second checks and we haven’t got first bite of apple. RUST–YOU ARE SUPPOSE TO BE LEADERS IN THIS INDUSTRY –NOW DO YOUR JOB!!!!!!!!!!!!!!

  • alley February 4, 2013

    rust told court in dec to hurry so they could have checks out by end of year. i quess i was stupid to think this past year. will be waiting jan 2014 i need a drink

  • One February 4, 2013

    This has become stupid. 1st you have people saying they are going to loose their home because they bought 100k worth of diamonds and need the settlement.. Well, sell your diamonds if they actually exist.. Now you have Sam Adams talking of taking some women (if she is a women) to Hawaii if the 49ers cover some spread at the Super Bowl.. Really getting stupid now.. Thanks

  • Sam Adams February 4, 2013

    No Hawaii Andrea, SF didn’t cover, lost my ass. So back at work. Also, “one” quick being such a dick.

  • T~ February 4, 2013

    Is there such a thing as an investigation auditing the work of the administrators? We all know that each delay is more money in their wallets…. and the delays are with approval!!! Any little glitch creates another delay. If it is true that someone is suing for a lost claim….we’re screwed again!!

  • ya February 4, 2013

    Someone simply filled a declaration of a lost claim (in hopes judges orders their claim to be allowed now after the filling date as they say they filed their claim in a timely manner and submit a copy of it as evidence of having done so) is all, they are not suing…. Guess they think they will get more than 10 bucks…

  • Virginia February 4, 2013

    I’ve been silent, reading and patiently waiting, but I called the Administrator…1800-572-3624..he said they can no longer say a month ..Not Jan…Not Feb, they are instructed to say sometime this spring! WOW! Isn’t first day of summer June 21, 2013. Kids hang on this long….long ride is not over…… like being handcuffed to a slow moving vehicle….with… no steering wheels and no brakes.

  • Bud February 4, 2013

    I need a drink

  • Andrea February 4, 2013

    But Sam……I bought a new bikini and everything (ok, I bought 3)! You are just going to have to figure out another way to sport, Sport. “One”, yes, hate to disappoint…but I am female. Ro! What are you talking about??? I AM somebody every day (toot-toot!!) You would think Rust would be able to provide more info. After all….Its been years since the cutoff date to file, and they should have at the least a “rough” number of claimants. Thats all would like to know? How many folks actually filed a claim? Was it 10,000, or 10,000,000? Its a start, Rust.

  • alley February 4, 2013

    Rust consulting is suppose to be working for us the consumers but sold out to the dealers. We have been promised checks in a couple months for over a year now (Rusts own words). Its OUR money. In Dec they told top class we are preparing affadavit….something they should have done months earlier. If that affadavit had final approval for checks why haven;t we heard back from court about approval? Did they only ask for more money??? Any class action lawyers out there?? Do we need to call court concerning approval–Rust neeeds to come clean to consumers–they act like they dodn’t want to be bothered. What recourse to we have? Tired of all bs…..someone knows how to put this to rest!!!!

  • HiHowie February 4, 2013

    This is nuts! They have been monkeying around for years. The website shows that it was “updated” on December 14, 2012, but absolutely nothing was updated or added, except the new date! However, I see that on December 14, 2012, the class attorneys asked the court to approve more fees and expenses and asked the court to rush it so that the payments could be made by the end of the year!

    This is crazy! There should be law that requires that the class attorneys do not receive one nickel of their attorneys’ fees until all class members have received their payments. Otherwise, successful class counsel will be inclined to spend a few months celebrating and enjoying their attorneys’ fees instead of spending time getting the payment to their class clients — the aggrieved members of the class.

  • ya February 5, 2013

    I called the 800 general info line again; it says early 2013. What sucks is in the settlement agreement there is no time frame for them to have to have disbursements made by; that seems hinky to me and leaves it wide-open until never-neverland becomes a reality… Oh well, not like we can do anything about it

  • One February 5, 2013

    Its really not funny anylonger Andrea…. and Sam Adams you came in much, much to late to be humours.. Andrea was the 1st couple times, but that ended long ago.. Why not take your desperate hitting on of an unknown woman (may not even be a woman) elsewhere Sam Adams.. Its stupid… Try a club or something, please..

  • jack February 5, 2013

    Before this case settled for dealers jack on line was saying most they (dealers) would get was enough to take their staff out to lunch. What a shock Multy million dollar checks came out. When the dealers got their money that should have shut the door for any consumer from making additional claims. I believe people got wind of big bucks and decided they needed to be part of consumer class. The court should not allow any claims except those previous file. So for the guy in there now claiming he should be apart of this should get tossed. We all had to make our claims timely and anyone out—sorry your out.

  • Helen February 5, 2013

    I called the 800 number an was told using my claim number that they were notified on Wed. Jan 30, 13 that they are doing final audits and are expecting checks to go out in early 2013.. So for each of us waitng we are paying out of our settlement funds staff to answer the phones and give us our updates saying we are not getting anything “YET” lol..

  • ya February 5, 2013

    yep; to me it is highly suspect that that person files such a claim with the courts now, after all this time. Plus anyone can still print out the claim form fill it out back-dated and say they mailed it in timely. Now if he had sent it certified mail, return receipt of with delivery confirmation, then the court might believe him (u have to have documentation to support the declaration). oh wlel, time will tell.

  • Sam Adams February 5, 2013

    First off, “One” why don’t you quit being such an angry douchebag? We are just trying to have fun here with a little levity. Secondly, I will “hit on” anyone I desire. So relax and have fun. Don’t read the post if you find them so offensive.

    Oh, an Andrea, don’t put the bikini’s away yet, there is always the Hot Lotto tomorrow night!!

  • Ro February 5, 2013

    #195 alley that affidavit was not approval to send consumer checks…it was an affidavit for Rust to get more money for their expenses….I’ve been told that they ask the courts to hurry so they could get the checks out to consumers by Christmas. My hilarious laughter has died down to a chuckle!

  • Ro February 5, 2013

    #194 Andrea I was speaking of a being” somebody” so big that I don’t “toot-toot!” my own horn…..so big that the rest of the world toots it for me… Now that’s really drunk!

  • alley February 5, 2013

    OK Rust–you got your express payment (dec 14) now express our payments to consumers. Glad you didn’t have to pay additional taxes on that distrubution. Ps you will have to pay consumer twice because i’m sure between change of address-people dying and that additional interest on our money –just partially settle like dealers checks will be fine. Than you can go back to court and ask more money for administration.

  • Mary February 5, 2013

    You took a month to print those checks now mail them or you going throw them in garbage and ask court more money to print checks again. Lol We can give you somemore excuses that you haven’t even thought of yet. Oh yeah – your tatic about not updating website doesn’t bound you for anything new. Keep us in dark Thanks for being OUTSTANDING COMPANY. PS be sure that you dodn’t send money out till the last day of month so you can collect another interest payment.

  • ok February 5, 2013

    We all ought to email them AND the attorney’s for the Indirect Purchaser Consumer Subclass this:

    Hello,

    I apologize for bothering you but I and many others in the indirect purchaser consumer subclass are curious as the exactly what is going on with our portions of our claims in this matter.

    Given we the indirect purchaser consumer subclass were the ones most harmed by the over-pricing of diamond sales, we find it quite unfair not only are we being paid last (if at all) for our claims, but are receiving quite a lack of accurate information as well.

    In January, your 800 info phone line first said disbursement to indirect purchaser consumer subclass would be in mid-January 2013, then mid-February 2013, and now it merely says early 2013. Others have called and have now been told “sometime this spring”, others have been told April 15, 2013.

    From what I have gathered from input of other indirect purchaser consumer subclass members; All we, the indirect purchaser consumer subclass, know is 1) the direct purchasers & indirect purchaser resellers may have been over-charged, but they in turn over-charged us, the consumers, yet they received not only profit from selling to us but large settlement amounts already as well; 2) the lawyers, claim administrators, and direct purchasers & indirect purchaser resellers have all gotten big payouts on our, the consumers dime as well; 3) while we, the indirect purchaser consumer subclass, still aren’t even getting the grace of reasonable & accurate information, which leads many prudent consumers to suspect fraud and that the numbers will be construed as so no claimant gets even a $10.00 check from the 49.7% ($161 million) allocated for us, the indirect purchaser consumer subclass. 4) This is said here as it has (supposely) been told to indirect purchaser consumer subclass claimants (by workers at Rust Consulting) that there are some two billion in claims in the indirect purchaser consumer subclass yet there is supposedly only $161 million in the “bank” for this subclass so 161 million divided by 2 billion leaves each claimant with a negative amount, leaving $161 million in the bank for the attorney’s and claim administrators disposal it seems or so a rational and prudent person would surmise . 5) $295,000,000.00 was place in a fully-insured interest-bearing account yet no indirect purchaser consumer subclass is receiving any of the interest being accrued, are they? If they are to do so, then no one has informed us of this right but we well know/assume it is going to the attorneys and claims administrator.

    All we, the indirect purchaser consumer subclass claimants, want is a straight forward answer as to when we can expect to hear we will receive their share of the disbursement and/or be able to see accounting of what happened to the funds that were allocated to be disbursed to us.

    We do not think such questions are unreasonable and we all would really appreciate some accurate information regarding to exactly when we can expect disbursement or actual & accurate information regarding our claims.

    Thank you kindly in advance for any assistance in this matter.

    Cordially,

    insert name
    claim number
    address

  • Sam Adams February 6, 2013

    Just poured my first glass of Cabernet my friends……cheers to all.

  • Dolores February 6, 2013

    To SecretWeapon. I’m not sure documentation is a MUST. I was never asked for any. I have the return receipt signed and a name of the whoever it was passed to with a number the person wrote on it from the address to which my claim was sent. Im not sure if this is a claim number or not.

    It’s been so long I may have sent the receipts and diamond certification information for the loose diamond and the necklace and don’t remember. Having been a paralegal I do things by the book, usually over-do it so I most likely did even if not required at the time. It was an under $10,000 claim, so that may have made a difference. The loose diamond was worth much more than we paid as it was favor from a dealer we know so we are not claiming the appraised value, only the paid-for value. I do know I have not been contacted for anything since I received back the return receipt for the registered mail I sent.

    I don’t hang waiting for anything, I just want to make sure I’m still on the list so I’ll give them a call this week. I check in here every few months to see if there is any new news. It looks as if there is not.

  • Rhonda B. February 6, 2013

    Received an envelope in mail today and after glancing at the sender’s info I saw the words ” Rust Consulting and ….settlement administrator” … I said to myself FINALLY!!! But upon further inspection it’s yet ANOTHER settlement type deal from them but involving Countrywide… Sighhhhh

  • alley February 6, 2013

    Hey Rust– Have you even prepared the simple affadavit to mail checks to consumer ? Didn’t think so. What was that ? You got more money in dec to get dealers their second checks. Go $$%#$%$ .
    Thank you have a nice day.

  • Ro February 6, 2013

    #208 Sam Adams ..You are a Hoot!! I think you and Andrea would have a great time… She’s also a Hoot!
    I am going to have a glass of wine…and settle down with the fllu…I think!

  • WaitingInMN February 6, 2013

    Great letter OK.

    It seems like it is time to file a class action against RUST…

    The consumers should have been paid first and the most. Like others have said they passed the inflated costs onto us in form of inflated retail prices.

  • Mark February 6, 2013

    IF there is 2 billions in claims and 166 million to payout then we woulg get 7% of our recognized claim. (You used 160 million divided by 2 billion =negative) Try it the right way — 2billion divided by 166 million. We are only get a small percentage of our claims– never more

  • Sam Adams February 6, 2013

    Mark, were a “mathlete” in school. Your post gave me a headache thinking about the calculations. Or, maybe it was the Cab last night.

  • ok February 6, 2013

    No, the funds available are be divided amongst claimants is 161.6ish, The 161.6ish million is divided by the amount of the total claims.

    Of course this is just basic rendering and not actual as there are far to many factors to render an actual claim amount for an actual claimant and without knowing not only the actual amount of claimants, and their claims there is no telling.

    I just want them at RUST to tell us sometime and stick to it instead of drawing it out longer and longer as we are not mushrooms! The lawyers don’t care; they got their money…

  • hmmmm February 6, 2013

    How is see it:

    Say the average claimant 8500.00 in claims. your 7% of that is 595.00

    BUT there are (supposedly) some $2,000,000,000.00 in claims and if the average claim payout according to your calculations is 7%, then using the given example there would have to be $1,190,000,000,000 available for disbursement.

    In real world figuring, I don’t see how it works and I know that if you have a substantially larger number of people who want a slice of pizza than there are total slices available, and all have pizza’s have to be distributed equally with no one being left out of the division, it just doesn’t work and the pieces are so small no one can get anything at all. Say there are 1000 people and only 10 pizza to be distributed amongst them all. It is not 1000 divided by 10, is it 10 divided by 1000.

    But we could be wrong in the way we see it…

  • SoRichIDontNeedThe$$ February 6, 2013

    #207…
    Great intentions, however, your grammar and writing are horrible. I wouldn’t put my name on that without cleaning it up.

  • Melissa February 6, 2013

    I’d be willing to forgo every dime of my settlement money (especially since that’s about how much it will be) to see Rust get sued for the way they’re handling this. Where’s the oversight?

  • ok February 6, 2013

    not an English major; just a person who says the facts as they see them. you are so perfect, re-write it and post it for others to fix as THEY see fit without judging you… LMAO

    At least I put forth the effort to try to help others. . . . .

  • Simply February 6, 2013

    Simply in perfect world if there was 160 million $ to give people claiming $160 million in claims everyone would get 100%. If people claimed $320 million they would only get half of their claim. If $680 million claimed they would only get 25% of claim. If $ 1.360 billion was claimed then people would get 12.5 % of their claim . And for the finally if $3.720 billion was claimed then we would get 6.25% of our recognized claim. While there is different percentages for rings mixed and loose diamonds…. you see we still should get a small chunk of change.

  • Sam Adams February 6, 2013

    Seems to be alot of math whiz’s here, so………

    If 2 trains leave opposite stations 137 miles apart and train A is traveling at 65mph and train B is traveling at 88mph. At what point between the stations will the trains paths cross? Please round your answer to the nearest mile relative to the station that train A began its journey.

    Also, no credit for not rounding answer or forgetting to label it correctly, or illegible handwriting.

  • Secret weapon February 7, 2013

    Be sure to read My Claim Settlement “: DeBeers Claimant Frustrated” “The highlight is, “Rumor is that checks on the way soon”
    . Yea Right!!!
    I’m just posting for your interpretation.

  • Secret weapon February 7, 2013

    Frustrations Go Public In Debeers Settlement
    Listed On My Settlement Claims Web Site. For those of you not familiar with that site. under the “News Window. “

  • bahahhahaha February 7, 2013

    got to luv Sam Adams!

    thanks for the giggles!

  • bahahhahaha February 7, 2013

    Oh ya, I saw this in case some wants more news about nothing. (I SMH at the fact someone got paid to write this article; it is about as useless as teats on a boar… ;])

    http://www.9wsyr.com/content/news/real_deal/story/Class-action-lawsuit-against-DeBeers-could-soon/1qnWAJhc_0iqL_M88vUCMg.cspx

  • ok February 7, 2013

    AND MY point was that the small chunk of change for MOST will be UNDER $10 so it is more-likely-than-not that no one will not get anything…. not rocket science but as is said, common sense is not that common….

  • Virginia February 7, 2013

    #224 Secret Weapon Thanks for the my settlement claim website. I did not know about it. I found this post there:
    “According to recent court filings, the only court activity since August was a request for, and approval of, an order authorizing payment to the Settlement Administrator (who runs the official website). The Administrator received $495,387.84. Adding to the confusion, the Settlement Administrator’s invoice attached to the request only lists about $57,000 as the amount due.”
    I say: Maybe no confusion at all….they submitted a request for $495,387.84, which was approved, and a bill for only $57,000…maybe this last extended delay is to earn (use up) the difference.

  • Sam Adams February 7, 2013

    Hello all, just checkin in with my comrades. Almost the weekend, hang in there, its in sight.

  • alley February 7, 2013

    I don’t think the court should have given rust more money (dec14). They should have been granted the extra money only after they sent out consumer checks. There is no inncentive for them to mail the checks. On bottom of update (dec 14) it says pay claims WITHIN couple of months. Feb 14 is deadline…. but payments …who the frig knows?????

  • Mary February 7, 2013

    Couple of months has gone on since May of last year.
    SAM ADAMS your two trains hit head on between stations and left one big mess to clean up. Thats a fact !

  • sid February 7, 2013

    #222 58

  • Paul February 7, 2013

    The Fairness Hearing was held on April 14, 2008, and the District 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. On August 27, 2010, the Court issued an order granting plaintiffs’ request for a rehearing by the entire Court, thereby making the first appellate court decision no longer in effect. The Court heard the appeal again on February 23, 2011. On December 20, 2011, it held that the settlement complied with the law and should be approved. On May 21, 2012, the U.S. Supreme Court denied the final petition for review. Pursuant to an Order of the Court, Initial Distribution checks were mailed to Authorized Reseller Claimants on August 31, 2012. Please see the Resellers Home Page for more information about the Initial Distribution. The claims administrator has conducted final audits and decided with this kind of money, he can leave his wife and get a hot young girlfriend(s) and cruise the world in his newly purchased 93ft yacht. Therefore, there will be no funds for distribution to members of class action settlement. He did instruct me to tell you all “bon voyage.”

  • Maryk February 7, 2013

    I emailed the administrator last week. Here is the reply:

    “The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in early 2013.

    Thank you,
    Diamonds Claims Administrator”

  • ya February 7, 2013

    That is classic Paul!

  • ya February 7, 2013

    To Maryk

    again they fail to provide information they very well know and just give vague and ambiguous answer.

    They know what a tickler calendar is and know it HAS to have date in it that proceeding need to be filed and finished by and have that info at hand, it seems they just do not want to share…

  • ya February 7, 2013

    thye finally answered me and yet again a generic answer that tells nothing…

    “The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in early 2013.
    Class Counsel will report statistics publicly through the Court when appropriate.

    Thank you,
    Diamonds Claims Administrator”

    must be nice to get paid to not know how to do your job correctly…

    oh wait, they are doing their jobs correctly as it is their job to treat us like mushrooms… LMAO

  • renee kalish February 7, 2013

    10 days ago, I got the following in an email:

    “The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in February 2013.”

    So, it should be soon.

  • Sam Adams February 8, 2013

    Hey Paul, I am the one the makes the jokes here…….you are joking right?

  • Mary February 8, 2013

    Does rust even admitted that the affadavit for consumer class been prepared or filed ?

  • Heather February 8, 2013

    Cheese-n-rice this is flipping stupid!!!!! I can’t believe it is taking this long. Hope all the lovely ‘claims administrators’ are enjoying the interest OUR money is making!!!! What a joke!

  • Virginia February 8, 2013

    #238 renee kalish, I haven’t seen such niavity for such a long time; you must not have been keeping track of how many times they have said similar. The last they said to me, just the other day, is “sometime this spring……the saga goes on….
    April, 2012 I was sure they would send checks in May…I think I posted that…… here we are almost May again!!

  • Diamond Jim February 8, 2013

    I am confused as to why dealers received anything at all. They simply pass on their purchase price with their mark-up to consumers. It is the consumers who paid the high price inflated by DeBeers. The consumers should have gotten the entire settlement amount.

  • Adam February 8, 2013

    The checks will go out when they go out. Rust isn’t screwing anyone over. They don’t get to keep the interest on the escrow.

    If they have to put up with calls from the whiners on this board, then they aren’t getting payed enough.

    Oh BTW. I just received a $90 check for a class action lawsuit from the 90’s that I had no idea about. Compared to that, Rust is operating very quickly.

  • ya February 8, 2013

    but it is nice to have a public forum to vent out the frustrations over it all even if it is no big deal ;)

  • Sam Adams February 8, 2013

    Got my check today, wait, its my paycheck from laboring away at work. Have a great weekend all. Enjoy your Saturday mail while you can!

  • ya February 9, 2013

    LOL Sam, good one! Have fun drinking a drink from your hard earned paycheck; you deserve. =])

  • Chief February 9, 2013

    Please no more from Sam Adams.. This is for updates. Find some other place to embarrass yourself.. You act like the class clown…. Get a life..

  • Jack February 9, 2013

    Coming up on six months since dealers got their checks. Consumers still waiting even when Rust keeps saying a couple months. Why did dealers get their money so quick ? Consumers really are getting the shaft in this one. I am assuming rust can’t handle large class actions.

  • ro February 9, 2013

    #243 Diamond Jim Hmmmm! Let’s be fair…not greedy….what about the inventory that the retailers haven’t sold; you see this might just be a little more complicated than we think. Plus, much of the time spent, since this began years ago, was fighting for consumer, and the retailer rights. I think I am correct in saying the courts denied the final appeal May, 2012 and issued final judgement to approve the class action claim. I’ve been as anxious as anyone, guess we handle it differently.

  • Sam Adams February 9, 2013

    Hey Chief. Go see your doctor and have him remove the splintery 2 by 4 from your rectum. You certainly sound like an angry man. I bet your the kind of guy that yells at the gets to “get out of my yard.”

    Anyway, friendly hello to the rest of you.

  • ok February 9, 2013

    I too wondered why the resellers got money given they sell to us BUT then I read the entire complaint and see why; “ro” has a valid point.

    And Sam, don’t you dare stop being funny! We need humor here to lighten up or day, even if it is just fictional nonsense now and then.

  • Chief February 9, 2013

    The problem is its not at all funny.. Its stupid.. Sam Adams is more annoying than this settlement to be honest.. Class clown.. That is all.. Maybe some of you like the clown, i do not..

  • Sam Adams February 9, 2013

    Chief, you are a real piece of work. You sound like a miserable man.

    We all know and can relate to individuals like yourself……we work with damaged people like you, you are our neighbors, you are the rude people on the road or in the grocery store. You spread your unhappiness and attitude where ever you go

    My advise, get yourself help. Life is to short. There are medications that might help you.

  • Andrea February 9, 2013

    To #198 “One” : Let me just say….I am VERY much a woman, and you sound like the bitter old hags I used to work with who are angry, overweight, unattractive and have husbands with a sidekick.

    Its amazing to me the hatred out there. Yes..Sorry to burst our bubble, “One”, I AM the token hot chick with an incredible figure…sorry I have a personality to go along with it. I think it’s sad that you are upset that you think anything AT ALL is owed to you!

    Everyone bought diamonds under the pretense that “this is the cost”. Period. And now you want to stomp your feet and DEMAND a payout? Try again. I’d love a nice check of “free money”, as much as the next person, but coming here, demanding something you never worked for IS hilarious….so, YES…”One”, I will continue to think this is VERY funny…thanks to you.

  • ya February 9, 2013

    Andrea: you go girl!

    Seriously. People should stop and recall they need to have a happy thought in their heart and a smile on their face. and soft words off their lips and a sense of humor in their brain. The world would be a better place for it and if some want to post silly jokes or comments, so what.

    I know some posters here who need to go buy a sense of humor….

  • Andrea February 10, 2013

    Oh My…….
    I just read throught he posts thoroughly and have decided that…..Ro, Sam, and Andrea are the only drunk….and yet sane and calm at the same time folks. I highly reccomend that all of you go smoke a joint, or have a drink, get laid…whatever it takes to relax, because this forum has suddenly blown up into something ridiculous.

    I would have expected these rants in the beginning….. Is everyone here on the verge of losing their identity of self worth of a couple thousand dollars? Interesting what this forum has evolved into.

    I’m realy gonna miss all of you, when checks come through : (((

  • Sam Adams February 10, 2013

    Andrea, I am now secretly hoping the checks are never issued. If they are, this board will be over, and subsequently be over for the two of us.

    You sound like a great gal with a great sense of humor and a lot of fun. You are correct, a ton of angry funhaters here.

    Have a wonderful Saturday night. I am headed out the door for a nice relaxing dinner out, not to mention a few glasses of wine, and more than likely a Woodford Manhattan straight up for an after dinner drink.

  • ya February 10, 2013

    hey! I am a funny drunk old gal… ;)

  • WTF February 10, 2013

    Ok, this is wrong I (the real ya) did not write this and Scott Hardy can verify it via IP addresses! I did not wrote :”#261 ya 2013-02-09 20:33
    THe truth seems to have come out in another posting on class actions I was reading earlier.. Andrea and Sam Adams are the same person.. It seems as though this has accured before. It appears to be the sick game of some huge fats who have no life..”! that is just so wrong to hijack someone name!

  • WTF February 10, 2013

    Scott Hardy, Please bring back the way of posting where we had to use or facebook or other means to post; having someone steal my posting name and post under my name stuff I never would say is just wrong!

  • WTF February 10, 2013

    I already wrote Scott you fraudster…

  • ok February 10, 2013

    Ok, and ya, and thanks to the fraudster are me. Scott can see who is really sending fraudulent messages The Ya’s and ok’s since 2013-02-09 19:17 are imposters and the WTF after v is the imposter too. Silly person, you will be banned

  • ok February 10, 2013

    wtf after 2013-02-09 21:08 are fraudster (darn typos)

  • ok February 10, 2013

    well except the “ok” posts at # 2013-02-09 21:32 and
    2013-02-09 21:31

    those are the real me

  • give it up loser. February 10, 2013

    Scott can see who you are and will remove your posts; have fun while you can but we all know you are a fraud and looking forward to your ban.

    (EDITOR’S NOTE – Folks, be courteous to each other. Fraudulent posts WILL be removed. I just pulled a bunch that were all by the same person who posted with multiple aliases just to harass our steadfast and friendly viewers.
    HOPEFULLY this settlement will result in a nice paycheck for many. Let’s stay focused on the positive. I review every single post and enjoy it when our viewers have FUN with each other. There’s absolutely nothing wrong with friendly banter, even if it’s unrelated to the settlement, just keep it friendly. Thanks for supporting Top Class Actions – Scott Hardy, President and Founder of TCA.)

  • Sorry February 10, 2013

    No debeers checks–means no one buying diamonds for valentines day. Dealers are crying foul. lol

  • ya ok February 10, 2013

    (& then wtf)

    thank you Scott!

  • Steve February 10, 2013

    As an individual that was lead plaintiff in a multi-million dollar settlement regarding another product, I can tell you that the saying that the hands of justice move slowly. However; this is getting crazy. The interest being earned should be reapplied to the class so at least that is a benefit.

  • ro February 10, 2013

    Why can’t we just play nice? Why do we always end up with an edge of the “pack” attitude? I recently attended an association meeting; attending were normally good neighbors “nice” people. OMG! A subject came up and these nice people went into the attack mode “Hang the Man” attitude…shocking! I will never look at those people the same again. Usually the picture changes if we just look a little deeper. For example: we have 3-community computers, each with dedicated IP address, at least 3 different users filed claims. Do the math!

  • ya ok February 10, 2013

    ro, who every the person was, they were having conversations with themselves but using our names and saying lies and even posting a link with a pictures of a poster here and they were being down-right malicious. As Scott says, there is nothing wrong with having fun and joking around but personal attacks and/or impersonating actual posters are wrong IMO. =])

  • ya ok February 10, 2013

    ever not every LOL

  • Scott Hardy February 10, 2013

    EDITOR’S NOTE – Stop the abusive posts or I’ll start banning people…

  • Trudy Trombley February 11, 2013

    I have been looking at this site in order to get updated info since the “official” website is worth diddly squat, but I have been really turned off by the posts of late. No info is provided, just bitching. Until the suit you didn’t know you were ripped off and it didn’t bother you. Now that you think you might get “thousands” of dollars you are chomping at the bit. Whatever we get we get. Stop bitching all the time.

  • ro February 11, 2013

    #268 ya ok: IC ….thanks

    (EDITOR’S NOTE – I’m no longer warning/editing posts for the most part. If your comment is malicious or rude I’m just deleting it. – Scott)

  • bedubs February 11, 2013

    This settlement has taken so long that I’ve moved since the initial claim. I think I submitted my claim back in ’06 and I moved in ’09. Does anyone know how to update the address on the settlement or will the USPS forward it to me?

  • ya ok February 11, 2013

    bedubs, you go write to Administrator@diamondsclassaction.com to contact the claims administrator of your claim number and new address and they will fix it so you get your check. =])

  • Sam Adams February 11, 2013

    Happy Monday Morning All.

  • Vic February 11, 2013

    It sounds like we are getting close but still no official word. The last update I received was that the consumer class checks were “going to be distributed if February” but that has now been changed from Feb. to “early 2013″ so guess we still have some time. No idea why they never update the site but thats the latest.

  • renee February 11, 2013

    To: Virginia

    If I don’t get a check by March 1st, as I was told, I will contact the administrator and advise them, that I am contacting the Court in this case to advise them that we are being given mis-information.

  • Donald February 11, 2013

    First of all; to all you “know-it-alls” who keep claiming that there are 2 billion claims; a reality check is certainly called for here. Since there are roughly only around 250 million people in this country; how can there be 2 billion claims? Secondly; another dose of reality is the fact that we consumers have been played ever since this rust consulting paid off the retailers before us. That should have been our red flag that we weren’t going to get anything. Face it folks; this so-called “settlement” is a farce and a debacle. I agree with Melissa who said she would forego receiving any money just to see this crooked rust consulting SUED for the disreputable way we consumers have been treated.

  • Ro February 11, 2013

    #275 ro 2013-02-11 09:03
    #268 ya ok: IC ….thanks
    (EDITOR’S NOTE – I’m no longer warning/editing posts for the most part. If your comment is malicious or rude I’m just deleting it. – Scott

    Scott, why did you post this statement in my comment box; was it directed at me? I hope not, I was simply saying to ya ok that I see what he meant and thanks for sharing? Did you interpret it differently?

    (Editor’s Note – Ro, no, it’s just easier for me to edit comments than post new ones if I’m already in the system. -Scott)

  • ya ok February 11, 2013

    No ro, he is just deleting comments that have been made by someone pretending to be others and then any relevant conversations to those false postings and your was the first real, non-relevant post so he made his comment in your post so it was at the top of the list (or so it seems to me)

    =])

  • alley February 11, 2013

    #281 Donald–Not 2 billion claimants but approxamately 2 billion dollars in claims. The dealers claimed over two billion dollars. I’m sure the large number of claimants is why rust needs more time. Hopefully it will be over soon.

  • moebetter February 11, 2013

    People griping about the delay have a right to gripe, if this money is sitting in the proper money market it could be receiving a pretty healthy amount of interest. Who gets that? Now they are no longer saying early 2013 or first quarter 2013, it is just 2013. Everyone has accountability to someone and obviously these people account to no one because without a target date I suspect we will hear 2014 by middle to end of this year. This is once again the consumer gets stuck again. I do corporate audits for a living and unless Rust has one auditor for this whole case the time frame it utterly ridiculous. Somebody needs to hold them accountable to a specific date or month.

  • ya ok February 12, 2013

    well, after reading the report and Recommendation of the Special Master, I stand by my statement I gave before in #207 ok 2013-02-05 17:01, but I feel not so smart for not reading this before I wrote them…. still I was correct in saying we would get nothing at all from how the report was going until Mr. Potter of Rust stepped up made his declaration to the Special Master. If we do manage to actually get anything at all, we have him to thank.

    From page 135 of the Special Masters report states “Counsel for the Consumer Subclass have addressed whether distribution of the settlement funds to Subclass members is practical, economical and feasible. This question arises from the estimated number of consumers in the Subclass: plaintiffs estimate that there are between 67 million and 117 million members of the Consumer Subclass”. ….(lots of $ talk here), followed by:… “Using simple math, at the low end of the number of Consumer Subclass members, if each of the 67 million Consumer subclass members filed claims and was given an equal share of this (the allocated amount of approx $135.4 million), each claimant would be paid $2.02. At the high estimate of the size of the Consumer subclass, if each of the 117 million Consumer subclass members filed claims and was given an equal share of this, the payments would be only $1.16. ”

    It also goes on within the section to say Mr. Matthew B. Potter, Principal Consultant for Rust Consulting states that due to the majority of claimant shaving filed online, the processing costs are far lower than the parties estimate, allowing more funds to be available for disbursement to the claimants in the Consumer Subclass. ( So, no Rust is NOT trying to rip off the Consumers, if not for Mr. Potter, it seems the Consumer Subclass would have received nothing at all (as I predicted a week or so ago before reading this).

    Furthermore, as to why the resellers received what they did, it states on page 140 “The Reseller Subclass purchase rough diamonds, Polished Diamonds and Diamond Jewelry which encompasses Rough Diamond dealing, cutting, polishing of Rough Diamonds, Polished Diamond wholesaling, manufacturing of Diamond Jewelry, jewelry wholesaling and retail selling of Diamond Jewelry.” So, they do more than just purchase the diamonds and/or diamond jewelry and hence got paid first and more.

  • Andrea February 12, 2013

    O….M……G……You people really DO come to this forum every day for updates? I can assure you most definitely that Sammy and I are not one in the same person, and I’m very sorry if you people frequent sites where having different personalities if common. I, personally find that disturbing….but…it IS the internet. Sam, Ro, drinks are on me when you come to Sacramento or Santa Cruz, CA! Look me up at “Souza1970@yahoo” when you get ready! So there….now you can see I put my identity out there -from CA

    I didn’t realize everyone was getting so uptight about Sam trying to take himself out on a date to Hawaii if Sam is really Andrea…and Andrea is really Ro…..

    Then….who does that make Ro?

    Sam….you are right…what IS everyone going to worry about when this forum is over (sigh)…..oh….maybe a new class action will arise and we can all reconvene then?!!!

  • ro February 12, 2013

    #287 Andrea, Ro is Ro is Ro…..Can’t get much better than that…..or wait…did I have a cocktail or two…. let me have another one and think about it……

  • ya ok February 12, 2013

    yep. Well, I hear ya guys. It was a weird weekend, you missed the person pretending to be Sam, Andrea, Me and who know who-else. I feel sad for Scott Hardy for having to pull baby-sitter patrol when we are all supposedly mature adults here. Glad that is over.

    I posted my last post goes I thought some might like the info was all, it was a lot of reading and I blame no one for not taking the time to read it themselves… ;) ( yep, I made some typo’s (like claimant shaving instead of claimants having) ; wouldn’t be one of my posts if I didn’t LOL)

    That said; I am out of here. If I get a check, I will send Scott a pic of it so he can do what he does with em.

    Take care all and best of luck to ya!

  • ya ok February 12, 2013

    oh, to Donald, there are also claims in territories, not just the states, at least that is what the Report and Recommendation from the Special Mater says. It is here on the https://diamondsclassaction.com/Docs.htm if ya wanna read it.

    peace all. =])

  • I know February 12, 2013

    Ya ok- Even if you add all the people in the US Territorys you would still end up with around 310 million people- this includes children as well.. Next you mention the estimated class members at up to 100 and some million- well, thats the est amount of people who have bought diamonds in their lifetime not the amount of people who have filed a claim.. My goodness.. People just make stuff up on here..

  • ya ok February 12, 2013

    @ I know: I am just repeating what was said in the Report and recommendation of the Grand master (which is what was the basis of the settlement). Go read it yourself if you don’t believe me as it is posted publicly on the De Beers class action settlement website, I even posted the link for whoever wanted to to cut and paste and go read… can’t lie about public court documents and as a person of morals, character and ethics; why would I? I was just trying to be helpful.

    Anyhow, you all take care. Nites and have fun.

  • ya ok February 12, 2013

    BTW I know, see post #286 ya ok 2013-02-11 18:21 where it is quoted aka cut and pasted from actual document:

    From page 135 of the Special Masters report states “Counsel for the Consumer Subclass have addressed whether distribution of the settlement funds to Subclass members is practical, economical and feasible. This question arises from the estimated number of consumers in the Subclass: plaintiffs estimate that there are between 67 million and 117 million members of the Consumer Subclass”. ….(lots of $ talk here), followed by:… “Using simple math, at the low end of the number of Consumer Subclass members, if each of the 67 million Consumer subclass members filed claims and was given an equal share of this (the allocated amount of approx $135.4 million), each claimant would be paid $2.02. At the high estimate of the size of the Consumer subclass, if each of the 117 million Consumer subclass members filed claims and was given an equal share of this, the payments would be only $1.16. ”

    not my words, just copied em hence the quote marks… They (class counsel for plaintiffs), were saying that due to the amount for disbursement and costs to do so of possiblevalid claims, no one would get anything since under &10 basically…. Mr. Potter @ Rust stepped in and said no, and made it so people WILL get checks; be happy about that ;)

    (sorry I forgot this bit)

    Peace all & bye again

  • Josh February 12, 2013

    @ya ok

    While the numbers you’re stating, are correct. You are forgetting that these are estimates. Stated well before the claim process even started. I would suggest you read, or post; the top half of page 136.

    IMO…

    The number of people will actually filed and were approved will not be 100%. I’m guessing 5-10% max, HOPEFULLY, lower!

    Cheers

  • ya ok February 12, 2013

    Josh, as I have already said, I read the entire document, not just a paragraph or two. I merely pointed out the fact that it was discussed if paying claims in the Consumer Subclass was even feasible (hence the title of the section the paragraphs are under). I did this to show people who are curious the magnitude of claimants as estimated by AND that Rust is working for them, not against them. And it says the attorneys work for US were the ones telling the Court that THERE ARE not and estimated, NOT, there may be an estimated…. Golly Ollie.

    Please Stop being so petty and full of criticism and realize SOME people might find (what you feel is) useless information informative.

    I wrote word for word, and given I read the entire library version of dictionary back when I was in the 12th grade, I have a hard time understanding people who do not properly comprehend the English language. And, they do not use big or difficult wording, it is pretty straight forward.

    But not my problem or worry; what I get for trying to be helpful I suppose. Still, what I posted told myself and others to mellow out a bit even though yes, it is a high hope squasher, but it is the truth and should not be so hard to accept. If I get a check, cool but I never expected on back when I bought the diamond jewelry, why should I now? I don’t really, but if I do get one, cool! If not, I won’t cry over it.

    life goes on and you just gotta roll with the punches

    =])

  • Melissa February 12, 2013

    I sorta agree with everyone who says “stop complaining about the wait, you didn’t expect this money when you bought the diamonds”. True enough, however, this money isn’t Rust’s money either!!! I’d rather see it go to a charity benefiting families affected by blood diamond mining than see these idiots keep it in their interest bearing accounts a second longer. And if you are so non chalant about getting money that has been deemed owed to you then why did you bother filing a claim in the first place? Just seemed like fun at the time?

  • Cisco February 12, 2013

    It is absurd to think that we are fighting over pennies if there were between 67 million and 117 million people looking for a rebate. I would think it will be less than a million. I have never heard about this at Starbucks or other places where people congregate. I found this site by accident and check in on it about once a week or so. There will be some payouts, but the total is a guess since the administrator has chosen to keep it secret.

  • Diane February 12, 2013

    Folks, what is being said is that if it wasn’t for this Mr. Potter at Rust, there wouldn’t be a payment to any consumer as even the attorney’s working for the consumer class where saying that with all the estimated claims, no payment was feasible (since under $10.00) and the Special master showed the numbers according to the estimates provided by the consumers attorneys.

    Mr. Potter showed how through electronic filing the cost of the process would only be 30 cents instead of 90 cents to a dollar and ten cents, hence freeing up millions to be allowed to be sent to the consumers and making payment of consumers claims feasible.

    And anyone can file a claim in hope they will get what is promised, it is like an unexpected gift. But like an unexpected gift, you should never be greedy about what you get or if you get it at all.

    Some people are coming off as a tad bit selfish and greedy through their words here though I am sure you are all really good people and when you go back and re-read what you wrote you think to yourself, “that didn’t come out right…”

    Anyhow, if I get a check, I will let Scott know.

    Take care and have fun everyone. =])

  • alley February 12, 2013

    Just past page 136 of the master says the number in class usually doesn’t exceed 7% of those estimated to be eligble. 67 million to 117 million at 7% would be around 1 million. Also they said they expected 50,000 dealers and we know that figure was very wrong. It will be nice when rust releases the actual number and not guess-estimations.

  • sid February 12, 2013

    I hope everyone realizes that the document we’re talking about here(Potter, page 136 etc) was filed in 2007.

  • Adam February 12, 2013

    “67 million to 117 million”

    This is impossible. 1/3 of Americans are part of the class? As was said, that would include kids and seniors. If you remove kids and seniors you would be quickly approaching a full 100% of eligible claims being filed. If that was the case, this would generate enough interest to be on the national news. This website would be swamped and there would be hundreds of thousands of posts. The interest it would generate would be impossible to ignore.

    Need another example, there would be more claimants then Superbowl viewers. Have any conversations at work about the Superbowl? How about the Diamond Settlement?

    Some facts…
    The most significant diamond purchase one will make is for their wedding/engagement ring. These rings account for approximately 1/3 of diamond purchases by $. There were 2m weddings in the US last year.

    I’ve put my guesses on paper that there will be 2m claimants. There could easily be more or less, but there will not be 67m claimants.

  • Diane February 12, 2013

    Yeah, and I didn’t say it, the Report and Recommendations of the Special Master did; it was merely re-printed here for people’s viewing.

    You don’t agree with a court doc, it is not my fault. But it is what was said, word for word. Not anywhere was it said those were all valid claims, just estimated submitted claims.

    Sorry.

  • I know February 12, 2013

    Why would anone post something about 100 million claims at all?? It was only them discussing if it was feasible to pay out to that many people.. oh ok makes it seem as if that is how many people made a claim which is wrong and then attacks peole who question it… THen comes up with all these names of people to thank, like a Mr Potter and some other guy.. Are you a class action junkie or something?? I just dont get it…

  • ro February 12, 2013

    #301 Adam ….Why would you remove the seniors? They often have more money….and spend it on Diamonds! :) Plus, I will be very surprised if there are 2million plus approved claims. This has not been a largely published class action; however I am concerned that there will be more claim attempts if the issue is more public. I only see that as resulting in additional delays. I questioned the claims administrator representative about this and the person said anyone can file a claim today, even on the official website, and may or may not be considered or approved. I was stunned as I assumed a deadline meant a deadline; why wouldn’t they change the website to open a window saying “Sorry Charlie” deadline passed! I guess it is what it is! A Mimosa might be nice this morning! :)

  • Diane February 12, 2013

    (throws hands in air in disgust at it all and SMH) GO READ IT yourself! The pages and a link were provided… GESH! wait, here they are since you can’t see it.

    https://diamondsclassaction.com, click on other settlement docs and then Public Version of Special Master Report and Recommendation – Report and Recommendation (part 2 of 2) and go to page 121 and read on… you can see where it is from the table of contents in Public Version of Special Master Report and Recommendation – Report and Recommendation (part 1 of 2)

    Just cos you DON’T want to believe it, that doesn’t make it not true…..

    I wash my hands of this weirdness

  • Just my thoughts February 12, 2013

    @ #296 Melissa: I think your comment makes the most sense, in SO MANY ways. I totally agree!

    I never thought I would ever get money back for buying diamond jewelry, but it was wrong that we were charged too high. Fortunately, I am not in need of the money, however it is the principle of it. Consumers are always getting screwed, and it’s gotta stop! If a court says I have a settlement coming, than so be it. If its $10, $100, $1000, what difference does it make? If anything, the low end would reimburse me for MY time I spent filling out the forms, and sends a message to retailers. Just my opinion… I hope we all get an update soon :)

  • Adam February 12, 2013

    #304 RO

    Good point about the seniors. Although 60% of seniors are on fixed incomes, a higher rate then other demos, there certainly could be some whales in there.

    My estimate of 2m is my high estimate, but the one I’m sticking with. I’d rather underestimate and be surprised then overestimate and be disappointed.

  • ro February 12, 2013

    When you read the legal documents and think of the numbers and varies diamonds….the task must be overwhelming…..it will be a wonder to me if they ever get this settled. I suspect the mass majority of the direct sellers had thorough doucmentation, appraisals, etc… I suspect the majority of the consumers…did not. Although I did….:) Patience is bliss… I’m told.

  • Mr. Obama February 12, 2013

    I hope you guys do get a lot of money, so much in fact that you are issued W2’s.

    Then I will be able to take around 50% of it for my investments(read spending) in the 47% who are too lazy to work, but will always vote democratic as long as I keep giving them money for not working.

    I call this spending my “stimulus programs.”

  • Melissa February 13, 2013

    Mr. Obama (fake Mr. Obama)

    You’re a moron! Do you realize in order to reach the 47% mark you must include military members and retirees??? Fox News didn’t tell you that part??? Those two groups don’t pay federal taxes, does that make them lazy asses that “don’t work and suck off the system”?

    If you want to insult the welfare recipients back your number down to 18% or STFU!!

    Sincerely,
    A Proud Military Wife

  • I know February 13, 2013

    Melissa- As a Marine Combat Vet I happen to know that we pay federal taxes.. Where did you come up with that?? People are crazy on here.. Just throw out whatever they feel sounds good at the time…

  • Csidney February 13, 2013

    I have all the original documentation but they didn’t want it when I filed the complaint. Lawyers should never be paid until the all the victims are paid. They need to see their job through to the end in order to collect. It would give them incentive to finish what they started. :)

  • LOL February 13, 2013

    Mr. (fake) Obama

    Anyone receiving funds from a class action can get a 10-99 not a W-2… if you’re going to make a joke, at least get that part right.

    LOL

  • alley February 13, 2013

    I hope cosumers are surprised like the dealers. It amazes me that of 7862 dealers there was 1672 not eligible to participate. Probally be a few excluded in consumer side also.. Good luck –hope you all get checks.

  • Melissa February 13, 2013

    Csidney,

    We don’t pay anywhere near the taxes that civilians pay which is why, like it or not, the military is included in the 47% of “lazy ass Americans”. My retired parents are also considered in the “lazy ass” catagory despite working hard for most of their lives. People who buy into that number are idiots, like fake Obama.

  • I know February 13, 2013

    Melissa– We pay the exact same rate in Marines as any other person in this country.. We just don’t make much but if you add in your spouse I know for a fact we pay federal taxes… Who told you that military people get some sort of tax break?? I for one have never heard nor seen that..

  • wow really February 13, 2013

    Melissa, go back to listening Fox News and listen hard and realize they tell lies and half-truths, no ethical reporting at all.

    Military workers and retiree’s pay the same in taxes as everyone else; maybe they make less after doing or having done noble work, but it is not a great paying job that is NOT done for their wealth but the care of the safety of our nation.

    You really need to leave politics out of this and stay on topic and maybe do some actual, factual research before you post rather than believing news reporter information of half-truths and twisted-to-their-own-advantage facts turned lies…

  • Sam Adams February 13, 2013

    Children, children. Play nice and get along, or I will be forced to take away your wireless access.

  • looked it up February 13, 2013

    @ “#300 sid 2013-02-12 10:34
    I hope everyone realizes that the document we’re talking about here(Potter, page 136 etc) was filed in 2007.”

    True sid, BUT it also is noted in the Court of Appeal Order Approving Settlement

    Case: 08-2784 Document: 003110752136 Date Filed: 12/20/2011

    (Id. 270-71.)8
    8 The Indirect Purchaser Consumer Subclass is estimated to contain between 67 and 117 million members, while the Indirect Purchaser Reseller Subclass contains an estimated 38,152 members. The Direct Purchaser Class is estimated to contain approximately 130 members. (App‘x 275 n.1.)

    from: Court of Appeal Order Approving Settlement pg 20

    It is funny how everybody considers honesty a virtue yet no one wants to hear the truth.

    Case: 08-2784 Document: 003110752136 Date Filed: 12/20/2011

    (Id. 270-71.)8
    8 The Indirect Purchaser Consumer Subclass is estimated to contain between 67 and 117 million members, while the Indirect Purchaser Reseller Subclass contains an estimated 38,152 members. The Direct Purchaser Class is estimated to contain approximately 130 members. (App‘x 275 n.1.)

    from: Court of Appeal Order Approving Settlement pg 20

    It is funny how everybody considers honesty a virtue yet no one wants to hear the truth.

  • Adam February 13, 2013

    #319 looked it up

    Since the text of the statement didn’t change since the 2007 filing, I think it’s safe to assume that isn’t a recent update.

    I’ve already spelled out below why it is extremely unlikely that that many people signed up for the settlement.

    It is possible that that is the estimate of all the class members if they were auto-enrolled. Of course auto enroll isn’t feasible. So the only class members will be the ones who heard about the settlement and sent in the forms.

    I agree that some here will take any evidence to meant the are receiving a huge payout. Some a small a payout. But in the end, the payout will be the payout.

  • alley February 13, 2013

    In the master and the 11/20 court doc –it is only the amount that they estimated that could be part of settlement. Subscriptions numers from magazines were used. I’m sure there is alot of overlapping. As far as coming up with that possibility number they also figure if there was a payout if its possible to pay. The $10 minimum is in effect. On page 137 of master it says that not greater than 7% has ever applied to be in class action and says they don’t see why this would be any different. So recapping if you don’t get at least $10.00 when this is pro rated your not going to get a check and you will not know the final number of claimants accepted and reject until the court grants approval for consumers (just like aug 2012 for dealers) Dealers kept thinking they wern’t getting much but it was a good surprise to upside. I wish Rust would be upfront and say something like…..we handling aprox 1 million requests (or) there is over 5 million claims…….just a ball park number so we can understand why this process keeps draging on.

  • Ro February 13, 2013

    I called the 800# the person said on January 31st that they were given an update which was that the checks will be disbursed “early 2013.” I quizzed “When is early 2013″? Response was : “I do not know.”
    I quizzed is there a chance that the checks will be mailed in February: Response was: “No, we have been told the checks will go out 2013.”
    Time for another cocktail :) ….or two…

  • Sam Adams February 13, 2013

    Guys, and gals, I think that we really need to calibrate our expectations regarding this.

    Having been in more than a few class actions regarding mutual funds as well as individual stocks, the reality is that you fill out a lot of paperwork and make many copies.

    Then, some time years from filing, you get a check in the mail. Excited, you open the envelope slowly expected somewhat of a “windfall” you weren’t expecting. But, as your read the check, you are instantly disappointed in how small it is. You question whether it was even worth digging up the old statements and filling everything out.

    Anyway, don’t expect much and we won’t be disappointed. The only ones who do well with class actions are the law firms involved.

  • looked it up February 14, 2013

    sorry, but just because you “think” there are not that many claims, does not mean the figure is not in that ballpark figure. WHY would the attorney’s for our class (aka “our” attorney’s) say this if it was not true and they were ethically representing us. Regardless to anyone’s opinion in attorney’s they do have strict ethics to follow and face sanctions, disciplinary actions and/or disbarment for not acting in the best interest of their client, so I believe what to court docs tell me and other documentation presented here, not heresy.

    we are all entitled to our own point of view.

    :D

  • looked it up February 14, 2013

    and the date of the is provided in other posting. The appeals court picked out that paragraph and placed it within their decision of December of 2011 which then started the ball rolling to allow the classes to obtain their distribution according to the terms of the settlement. You cant get any court doc with a later date because that was the final appeal.

    Gesh, but as I said, I am not a mushroom, some people enjoy being one but not I said the fly. & Done butting heads with a wall…. I know what is right, you can stay ther with the easter bunny and peter pan. ;) wink wink LOL

  • Josh February 14, 2013

    I liked that last post…

    “Why would an attorney lie?”… “They have strict ethics, they could face sanctions”. Lol, That was funny, I thank you, “looked it up”.

    It’s a shame you’re “Done butting heads with a wall…”
    Otherwise, I would’ve tried educated you.

    I leave everybody with a parting gem (debeers pun?). Don’t butt your head against a wall!

    Cheers, see you all in 2 weeks.

  • honny bobo February 14, 2013

    “Why would an attorney lie? ohh my fucking god did you really say that? ohh i just cant go on in life

  • alley February 14, 2013

    Estimates are estimates. We all will know soon. explain page 137 master saying no moe than 7% have EVER filed.

  • honny bobo February 14, 2013

    ok so who wants to buy a square for the first day that scott says the checks are being sent out ?

  • honny bobo February 14, 2013

    the debeers pool

  • wow February 14, 2013

    cant deal with the low IQ here… I do agree with the saying ” It is funny how everybody considers honesty a virtue yet no one wants to hear the truth.” though….

  • Heather February 14, 2013

    Does anyone know the calculation for how much we should get? Is it a % of what we spent?

  • Adam February 14, 2013

    #324 looked it up 2013-02-13 18:51
    sorry, but just because you “think” there are not that many claims, does not mean the figure is not in that ballpark figure.

    There are not that many claims. Just because you read that there are that many doesn’t make it so. You may be guilty of what you are accusing others of.

    Lets take the 67m number, and divide the total number of Americans (313m)by it. I come up with 4.6.

    Now, have one in 4.6 Americans filled out the form to join the class? No. How do I know, do a quick poll of your co-workers. If 1 in 4 knows what you are talking about, then the figure may be correct. In reality, it’s more like 1 in 200.

  • Sam Adams February 14, 2013

    OK, searched the internet for the formula, could find nothing. Finally got it from brother-in-law of old neighbor…….

    Check amount=0.243(X+Y)+.439(B-W) X .85(D-A)/IQ

    Variables B=Wife and/or girlfriend bra size in inches
    W=Wife and/or girlfriend waist in inches
    D=diamond weight in carats
    A=constant of 0.235
    IQ=obvious I hope

    There you have it guys!

  • SoRichIDontNeedThe$$ February 14, 2013

    dammit #334….

    i ran the numbers, and due to my wifes small boobs, i’m not getting sh!t.

  • UGH February 14, 2013

    I feel sorry for you peeps who fail to comprehend those are the figures stated in a court filed and singed by a judge document; not numbers from dreamland where you all seem to reside… gesh! But I guess you have nothing better to do that be petty and mean and show your dark side to the world… LMAO

  • UGH February 14, 2013

    furthermore, are you taking THIS into consideration in your calculations?

    From the Report and recommendation of the Special Master, page 8 or the Glossary of Terms

    47. “United States” means the 50 states of the United States of America, the District of Columbia, the Commonwealth of Puerto Rico and the U.S. Virgin Islands.

    One or two more people to figure in there…

    Last avaiable census

    109,666 US Virgin Islands
    3,667,084 Puerto Rico
    313,914,040 U.S.A.

  • Michael February 14, 2013

    My wife has large breasts, 40DD, she doesn’t have a 26″ waist. Does her hips figure into this? She does have a large rear?

    Just curious Sam.

  • WaitingInMN February 14, 2013

    Has anyone contacted the attorney’s for the plaintiffs in the Class Action Suit? One would think there would be some kind of follow through to make sure everyone gets paid.

  • Adam February 14, 2013

    I finally realized that UGH and likely looked it up are just trolling.

    Don’t feed the trolls.

  • Ro February 14, 2013

    Since the administrators now say “Early Spring”, which will probably change again, I think a little pool might be fun. Let’s see…. First day of Spring is March 20, and Summer begins June 21, ….then one might think “early spring” is last ten days of March thru first 10 days of April…. …or maybe not. Hmmm!! Think it might be fun to guess….anyone of you want to submit a guess? Better than being angry…..so it seems…..

  • alley February 14, 2013

    Top class archived newletter feb 11 says debeers checks next few weeks. I pick Mar 1st because they can collect another month of interest.

  • Ro February 15, 2013

    #342 alley …I can’t seem to find it in my Feb 11,TopClassAction Newsletter… at least not a recent “in a few weeks”. Where is it in the newsletter?
    Since Spring doesn’t begin until March 20.. I’m guessing it will be Mid April…. Say…..Hmmmm!….April 25th. I’m even thinking that is probably too soon. But, they can’t put it off indefinitely!

  • Diane February 15, 2013

    Not all who post the truth are trolls, nor do they have interest in only one matter…

    Me, I do not care when payment comes out as I know it won’t help my situation any.

    Blessed be all

  • Scott Hardy February 15, 2013

    Hello everyone, Scott Hardy, President & Founder of Top Class Actions here… As mentioned by Adam and others there’s NO WAY we’ll even see a 25% claim rate. In fact, I’ll bet the claim rate was less than 10%. Keep in mind, that the claim rate for consumer class action lawsuits, where you can’t contact all of the claimants, is typically 5% or less. You typically only see a high claim rate % when you can identify the majority of claimants and reach out to them via email and postal mail. This happens for securities class actions but wasn’t the case here.
    I posted this settlement about 5 years ago. Back then we only had a few thousand people a month on the site so WE didn’t help the process much (compared to 150,000 per month now.)
    As Adam mentioned, the proof is as far away as your friend or co-worker. If you ask 100, I’ll bet less than 5 (if even that many) heard about the settlement, let alone submitted a claim. It’s also important to note that the jewelers are expecting a SECOND payment after consumers are paid meaning there very well may be money left over after all of us are paid (which points to decent sized payments…) But, who knows?!?! I’m in the same boat as you. I can ask my friends at Rust for updates, but, they can only tell me what’s officially recorded (which isn’t much.)
    I feel confident those who submitted large, $10K+ claims, will get a decent check. How much? We’ll find out soon… I’m standing by my earlier prediction that checks will go out by the end of March…

    Good luck everyone! I hope we’re celebrating decent sized payments soon!

    Warm Regards,
    Scott Hardy
    President and Founder of Top Class Actions

  • ya February 15, 2013

    I did email the attorney’s for the plaintiffs, they never answered. (go figure…)

  • moebetter February 15, 2013

    Scott Hardy, thank you for your input you are one of the few people that actually makes sense. My only question is what happens to the interest that is made on the money?? Is it in an interest bearing account or is it in an escrow holding not receiving interest? The last class action I was in was regarding overtime with a company I worked for and received a nice check around five thousand dollars.

  • Diane February 15, 2013

    Hi scoot’ I hear ya, and no co-workers to ask since I am now retired but I do have friends and family and I out of the 10 I asked, 9 filed claims so I am still in the mind-set of so-many-people,-so-little-money to spread between em all.

    Like Bilbo in the The Lord of the Rings, I feel like butter spread too thin over bread… (regarding disbursements to be sent out)

  • Diane February 15, 2013

    uh, Scoot, not scoot, lol sorry

  • Diane February 15, 2013

    I hate my keyboard…. Scott…. not Scoot or scoot geeesh.. hang me

    EDITOR’S NOTE – LOL, no worries Diane, thanks for the correction. Interesting that you note you’re retired. I made my informal observations from those I met at work over the past few years (average age of 35) and those I’ve met traveling (average age 40.) I stand by my assertion that less than 10% of those who actually qualified to file a claim, did. It would be interesting to see what would happen if this settlement came out NOW. Now we (Top Class Actions) would have a major impact in the number of claims and I think you could see a claim % approach 30-40% because of extensive coverage on the internet. This will be an interesting one to watch! To answer the question about if interest is accruing on the balance, in general the answer is YES. It’s not much, typically 1 – 3%, but in general counsel makes sure the money is put in an interest bearing account for any kind of sizeable settlement. This generally helps increase the amount that gets paid out to claimants. It’s NOT done to line the pockets of the lawyers. -Scott

  • alley February 15, 2013

    Ro the note about debeers is on very bottom of letter just before Scott signs his name. If you read Scotts comments tonite here (#345) he believes the end of march. I really think his letter here is very reasonable. If Rust would just be more forward than…….. in couple months.

  • Ro February 15, 2013

    #353 alley I found it THANKS!….. “few weeks” How many weeks is that? :) :)
    Be nice if your March 1st guess is correct.
    I’ll stick with my March 25th guess.

  • Adam February 15, 2013

    Scott. Thanks for posting and thanks for the website.

    I was wondering about your website traffic. Do the DeBeers pages get the most traffic? They must have a considerably larger potential class then most other settlements.

    I’ve had a lot of fun playing with the numbers and estimating the number of claimants. It’s a great hobby for a statistics geek like me.

  • Melissa February 15, 2013

    I agree with Scott. Just for fun I started asking my friends, family, and co-workers who, if anyone, filed a claim for this class action. So far I’ve had ZERO people say they had. In fact, they had no idea what I was even talking about. I think the claim numbers are low enough that we can all expect a little more money than we’re fearing, depending of course on the amount the lawyers and Rust take off the top. That’s the part that peevs me.

  • el_em_en_oh February 15, 2013

    I’ve asked almost everyone I know, whether or not they filed a claim, and 99% of them hadn’t even HEARD of it.

    The 1% that DID know about it, asked “Yeah, is it too late to file my paperwork?”

    That said, I asked about 200 people (give or take a handful) over the last 4-5 weeks.

    My stone was only $6500, so I’m not expecting SQUAT. But as my dad always said, “It’s better than a poke in the eye with a sharp stick!”, so even if I only get a check for $10, I’ll be happy;-)

    Heck, it’s $10 more than I had before, right???

  • Adam February 15, 2013

    I am the only one I know who signed up. Most of my friends were married during the period the lawsuit covers. I remember telling a bunch of them about it at the time. I guess nobody was listening.

    I’ve even asked my friend who owns a high-end jewelry store, where I bought my diamonds from. He hadn’t heard about the settlement at all.

  • Ro February 15, 2013

    #359 Melissa
    #360 el_em_en_oh
    #361 Adam
    Have you considered all the people you tell…that they tell…so on…& so on…. can lead to an awareness and late filing claims…. and maybe yet another hold up…

  • Cisco February 15, 2013

    I remember when I first heard about this settlement in 2008, I went to my jewelry store and I asked them if they had the records on my purchase, and I lucked out. They had all the records. I had paid almost $20,000 for it, but I had suffered a stroke in the meantime and I couldn’t find any of my records.

    I told the owner about this suit, but he knew nothing about it. At least he wouldn’t tell me anything. Since then I have mentioned this suit to probably 25-30 people and no one knew anything about it. That is why I think the number of claims might be low.

    Good luck everybody.

  • Scott Hardy February 16, 2013

    Everyone,
    Attacking your fellow viewers will not be tolerated. If you disagree with someone keep it to yourself. Please debate points about this settlement and the payout, not what people should and shouldn’t do with their money.
    If you’re abusive and mean to other viewers of this website your post will be deleted and you will be banned.

    Thanks,
    Scott Hardy
    President of Top Class Actions

  • MS February 16, 2013

    Thank you Scott for the important information and also for letting some of the people know that this comment site is a privilege and should not be abused in any way. I thank you for allowing us to inquire about the Settlement etc…

    Thanks,
    M.S.

  • Paul February 16, 2013

    Scott,

    I also would like to thank you for providing, monitoring and updating us with a great web site.

    Paul

  • honny bobo February 16, 2013

    i see how you handle these kids here scott and you must be a great dad lol

  • Patience February 17, 2013

    You also have to consider millions of people were due to receive their checks, according to Rust, in February of 2013. BUT then a dissatisfied claimant in the De Beers class action settlement sent a letter to the Judge regarding his claim and filed a declaration of lost claim with the court and delayed ALL those millions of checks. He is lucky he if he is not at the least taunted as his name and address are now public record and anyone who wants to go through Pacer can see it. And there are some BRUTAL people out there, upset they do not have their checks yet and not understanding WHY. All they have to do is look at the court record and they can see why… I have pity on his soul….

  • alley February 17, 2013

    If one person is holding this up because his claim was lost……he should of been able to resolve it with Rust. After they gave dealers big checks …. I think alot of people wanted on the gravy train. Unless this guy has billions in claims I don’t understand why they still can’t go ahead and pay our checks because there will be money left over (interest etc). Also–Rust should have informed us(like thru this site) of the delays. We can be understanding….well at least i hope we can.
    And one last thought in Jan all you heard from rust was printing checks……if they have to throw out those checks because of one person that just isn’t right because we will be the ones eating that expense and paying to print new ones. This has been a nightmare.

  • mike February 17, 2013

    I filed all of the proper paperwork years ago. I have since moved – how do I update the records so my rebate is sent to my updated address? Any thoughts? Thanks

  • honny bobo February 17, 2013

    this is money you guys would have never had if it werent for the lawyers grow up yes its been a long time but you have done nothing to move it forward but moan and complain. and all of you had the chance to wing it on your own from the beginning you all could have opt out and got your own lawyer but no that would have cost you to much

  • Trudy Trombley February 17, 2013

    Mike #367 I called 800-572-3624.
    They are open from 8-4:30 (don’t know what time zone). The person I spoke to was very helpful. They even provided me with my claim number since I couldn’t find it after our move. Good Luck

  • Patience February 17, 2013

    @ #364 alley, I hear you; it seems not fair but this person filed documents showing he had indeed filed prior to the deadline. It will be interesting to see what door he opened, but it seems they might be having to do an extensive search of records to see if they have to pay this person as well or not. And yes that sucks because it cuts into the costs and lowers the total amount for disbursement to the consumers. I doubt he thought of that or realized the wormhole he opened when he filed his complaint with the court. It is sad the court even accepted it this late in the game.

  • Patience February 17, 2013

    Also, given what I read of his declaration, he DID try going through Rust but they stood firm on saying he had no claim filed, so he took his documents proving he in fact did to the judge. I see his point of view on it, but I also think “dang!” like many others, like you do.

  • alley February 17, 2013

    #369 Patience
    Is that the reason the lawyers asked for money dec 14 ?
    If rust denied him…I can’t see court to side with him. Usually these last standers are lawyers trying to be paid off so settlement can occur. Most of the times they just get pitched out of court. It also seems suspect after all these years he is just now fighting this? Alot of people talk about PACER…..can you see docs…can anyone look there ?

  • Patience February 17, 2013

    He didn’t even file until later on in January, the December documents the attorneys filed have nothing to do with his filing of lost claim.

    I CAN see PACER documents but it costs me to do so so no, I will not go look again until the end of this quarter to save me being charged. (if you do not spend $15.00 a quarter with them, they do not actually charge your account usage fees and I am near the being charged mark.) Sorry. BTW, Anyone can open a PACER account, well, they have to approve you but it is not hard to apply. You have to be careful though as each search you do, well say your search De Beers and there are 6 court cases, that is 60 cents. You pick the case you want and for each filing that shows up under that, whether you look at them or not, it is another 10 cents each page their search retrieves. Then when you find what you want to read, again, 10 cents each page. it adds up quick… and that guys declaration only said filed, I did not see that he filed any docs for the judge to sign granting an order, just his declaration and his “proof” he filed before the deadline. Sorry.

  • Steve February 17, 2013

    I’ve had my eye on this car here lately and every time I look it is still there. I am really hoping that I can get it when I get my settlement check. Every time I see it I start to drool. Of course it’s in the toy rack at Wally World…LOL

  • Patience February 17, 2013

    LOL ;) I relate to that Steve!

  • Andrea February 18, 2013

    Jeeeezus Christ, People…I am gone two weeks and THIS is what I have to come back to?

    Well, (huff!!) Scott certainly took his time laying down the law on bullying.

    “Everyone,
    Attacking your fellow viewers will not be tolerated. If you disagree with someone keep it to yourself. Please debate points about this settlement and the payout, not what people should and shouldn’t do with their money.
    If you’re abusive and mean to other viewers of this website your post will be deleted and you will be banned.

    Thanks,
    Scott Hardy
    President of Top Class Actions”

    Scott….did you just take over as VP of “communications”? Nice try, Pumpkin. You should have been here 3 years ago when the website first started. We are jerks to each other….don’t get me wrong, I just don’t think you are VP of Communications, and if so…it was because you are an nephew of an attorney in the suit who asked the owner to get you a job, and since you fu#cked everything else up in the office, they made you a special position to monitor “e-mail acitvity”. Now THAT, my friend is mean talk.

    Anywho…..it must be 7:00 pm or so, EST….I need to freshen up my drink. Oh where for ar though ( I probably mutilated that saying!) my cronnies Ro, Sam???? Kids…..I’ll be back at the bar in a minute..keep my stool warm, would’ja??!!! (hugs!)

  • Patience February 19, 2013

    Andrea regarding your post today 2013-02-18 17:13, I am all for freedom of speech but just cos you can say something, doesn’t mean you should…

    just sayin….

  • honny bobo February 19, 2013

    am i the only one that saw this?
    We have some nice settlements in the pipeline which I hope you’ll be able to claim next week!

    Have an AWESOME day! Happy birthday George Washington!

    Warm Regards,

    Scott Hardy

    President

  • Csidney February 19, 2013

    Melissa …why are talking to me about taxes ? KJeep up.

  • Sa Adams February 19, 2013

    Hi Andrea, where you been honey?

    Been missing you, you are hilarious and dead on correct on issues. Lets see, we need to talk about diamond settlement otherwise I will be banned neutered by Scott. OK, if I get the big check from DeBeers, we are still going to hawaii, so hopefully you didn’t take the 3 bikinis back yet. Beach, sun and booze…..sounds like a vacation.

    Editor’s Note – I don’t care if you go off topic. Have fun! Be friendly! I only delete comments and ban users if they are abusive to their fellow commentators or post false information. -Scott

  • Michelle February 19, 2013

    Does anyone know how to notify them of email and mailing address change?

  • moebetter February 19, 2013

    Honny Bobo regarding post #376 where are you seeing we have some nice settlements in the pipeline and checks will be mailed next week? Just curious cause I don’t see it anywhere. It sure would be nice though.

  • alley February 19, 2013

    Moebetter– i think she was refering to archived newletter feb 18 where scott says new claims in pipeline and hopefully you can sign up for them. Nothing about any checks just putting your name in hat and wait and wait…lol
    Hope everyone had nice weekend.

  • Patience February 19, 2013

    Yep, Honny cut and pasted the last portion of the Feb 18 newsletter.

    I am not sure if I interpret it as there will be checks sent out in some of the settlements they have list here on this site, or if there are some new ones where claim form access will be opening up. Still, good, informative and entertaining reading material.

    Editor’s Note – I added that note at the end of Monday’s newsletter. I was referring to NEW class action settlements we have in the pipeline. I was not referring to knowledge of any payments going out. I apologize for any confusion! I hope you like the new settlement(s) :) -Scott

  • Trudy Trombley February 19, 2013

    Michelle, see post #367

  • Trudy Trombley February 19, 2013

    Michelle, see post #367

  • Andrea February 20, 2013

    Sammy-Bear…..I guess I just lost interest in this forum. I promise I’ll make a better attempt to frequent it more often.

    Hellz-to-the-NO I didn’t take the bikini’s back! Are you smoking some of that stuff most people here seem to be on? Hawai’i is happening whether you are there or not! This weather in Sacramento is ridiculous. I need some warm salt water…..Hmmmm……if ya never been….you don’t know what you are missing!

    Anyways (slap!!) back to reality. Honey Bobo (what?) says that Scotty says we are in for a treat. Soon.

    (squealing voice) Im still on the edge of my seat!!!!

    Super stoked.

  • Andrea February 20, 2013

    I’m sorry….typo… it’s

    honny bobo (what? WHAT?)

    Dear;
    #375 “Patience”….one of my biggest pet peeves in writing is when a fine, young, black, articulate woman (such as yourself) uses the (non) word, “cos”.

    “cos”.

    Thats all I have to say about that. (shaking my head)

  • SammiGirl February 20, 2013

    Suggestion by the Attorney General in Minnesota where Rust subsides. Go to Attny General website, file a complaint and they will investigate. The more the better thay said and were faniliar with rust

  • Patience February 20, 2013

    LMAO @ Andrea. I am not a, as you put it, “a fine, young, black, articulate woman” but I did work for an attorney and HE used the words cos and ain’t all the time. It drove me nuts back then, now I am used to it. If you want perfect grammar and people using because instead of cos, I suggest you go chat with the English majors at some univeristy as they are pretty the only ones who never say cos now and then.. LOL no worries ;)

    SammiGirl: Can you tell us what we are to file the complaint about other than they are taking a long time to figure out who gets what when they still do not know all the valid claims yet? Just curious….

  • SammiGirl February 20, 2013

    When I spoke to them, they were familiar with Rust Consulting and hinted that this is not the first time this has happened. File a complaint on the delay of payment and no information available as to why. This is the only way they can investigate.

  • Patience February 20, 2013

    Okay, thank you Sammi.

  • Patience February 20, 2013

    Ugh, you can’t fail online LOL

    Well, does this work for you?

    Regarding the SULLIVAN, et al. v. DB INVESTMENTS, INC., et al. Civil Action Index No. 04-2819-SRC

    This cases was finally settled and disbursements approved on May 21, 2012, when the U.S. Supreme Court denied the final petition for review. Pursuant to an Order of the Court, Initial Distribution checks were mailed to Authorized Reseller Claimants on August 31, 2012. Since this time they at Rust Consulting have refused to provide to anyone in the Consumer Subclass accurate information regarding their disbursement checks. In early January, 2013, their 800 information number told callers to expect their checks by mid-February 2013. Then in early February 2013, the changed the recording to say early 2013. No other information is provided. Given they have had years to construct the database of claimants & months ago disbursed to the Reseller Subclass a major portion of their finds allocated to that class, that the portion of the settlement allocated to the Consumer Subclass is known to them, including interest accrued, They have not presented nor will present upon request, any valid reason as to why they cannot provide to any claimant in the Consumer Subclass an accurate date to expect disbursement as they have already done with other claimants in the Reseller Subclass. We realized our share of the settlement is accruing interest and “should” be added to our portion of funds for disbursement; however, we also worry that their constant delays are actually only so they can claim more cost fees & reduce the our disbursement.

  • Patience February 20, 2013

    file not fail,

  • Jeanna February 20, 2013

    I think everyone should call Rust Consulting directly and overload their office with calls. Maybe then we will get more detailed information regarding the settlement. 612-359-2000. I also looked up Rust Consulting on google search along with the word scam. See for yourself…

  • Steve February 20, 2013

    I had a couple email correspondence with Rust today…We are getting the MAJOR run around…read below:

    ME: MANY people are getting very upset about the delay in the DeBeers case especially since the dealers were paid several months back. Can you advise what the hold up is and WHEN the consumers will be paid?

    RESPONSE: The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in early 2013

    ME: Can you define early 2013. Everytime you give us a date it never happens

    RESPONSE: “Early 2013” is the information provided to the administrator, no set date is known at this time.

    ME: Who could we contact for a better time frame

    RESPONSE: You are contacting the administrator, this is the information that we have been provided with. There is no further dates known at this time, once we are provided with the date for distribution we would be happy to provide you with that information.

  • Patience February 20, 2013

    I am running low on patience myself. I filed out the complaint form Sammie requested us to do and I went to the better business bureau and sent this:

    “Filed by :
    XXXXXXXXXXXXXXXXXXXXXXXXXX

    Filed against :
    Rust Consulting, Inc.
    625 Marquette Ave Ste 880
    Minneapolis MN 55402-5616

    Complaint Description:
    failure to provide claimants with accurate information. Regarding the SULLIVAN, et al. v. DB INVESTMENTS, INC., et al. Civil Action Index No. 04-2819-SRC This cases was finally settled and disbursements approved on May 21, 2012, when the U.S. Supreme Court denied the final petition for review. Pursuant to an Order of the Court, Initial Distribution checks were mailed to Authorized Reseller Claimants on August 31, 2012. Since this time Rust Consulting has refused to provide to anyone in the Consumer Subclass accurate information regarding their disbursement checks. In early January, 2013, their 800 information number told callers to expect their checks by mid-February 2013. Then in early February 2013, the changed the recording to say early 2013. No other information is provided. Given they have had years to construct the database of claimants & months ago disbursed to the Reseller Subclass a major portion of their finds allocated to that class, that the portion of the settlement allocated to the Consumer Subclass is known to them, including interest accrued, They have not presented nor will present upon request, any valid reason as to why they cannot provide to any claimant in the Consumer Subclass an accurate date to expect disbursement as they have already done with other claimants in the Reseller Subclass. We realized our share of the settlement is accruing interest and “should” be added to our portion of funds for disbursement; however, we also worry that their constant delays are actually only so they can claim more cost fees & reduce our disbursement.

    Your Desired Resolution:
    For them to update the https://diamondsclassaction.com/index.htm web site at least monthly. With the updates: the will actually provide new information regarding disbursements rather than just say claim the site was updated on the site; include in the update notice a summary of the updated information; and where to find it; provide Consumer Subclass claimants with a definite date of disbursement and this date to be within the current “early 2013″ claim they are making.

    This case will be reviewed by a complaint specialist at the Better Business Bureau, and then forwarded to the business for their response. It is our policy to allow the business 10 working days to respond to your complaint. You will be notified when the business has responded.”

    Whether it was worth it or not, time will tell…. but I never believed they needed almost a year (which is will be come May 12 and that is what, 3 months away?) to figure it out and send out checks to the consumers.

  • Ro February 21, 2013

    #395 Patience Way to go !
    I think filing with the Minnesota Attorney General. as #387 SammiGirl suggested, might help, if there is enough of consomers doing so…….however…
    …… Filing with the Better Business Bureau, in my opinion, is useless; they have absolutely no policing power, they simply document your complaint….then if anyone calls they can say we have X-number of complaints and do not offer description of complaint.

  • Ro February 21, 2013

    Consumers…..not consomers..sorry about that!

  • Patience February 21, 2013

    Sigh, true, but still it gets the word out there to them that there are disgruntled folks out there. My I am waiting for 9 pm est so I can watch via webcam the fireworks at Disneyland Fl. LOL

  • Patience February 21, 2013

    I made some typo’s but will fixed em on final docs. Still, Anyone who wants to cut and paste, fix typos, and use it, add their own point of view, feel free.

  • alley February 21, 2013

    When the dealers checks went out sept 1 Rust said consumers to get theirs in couple months. In that couple months rust update the site with just a date (so they requested money supposedly to get checks out by end of year.) Dec 14. ALL CONSUMER ARE TIRED OF NOT GETTING ANY STRAIGHT ANSWERS. Rust is suppose to be a leader in this industry….please show it. Give us some concrete answer not these abstract answer like we are auditing…blah blah blah. If someone is contesting claims …just tell us. I am hoping that they aren’t holding door open so more people can file. If the debeers site would update we wouldn’t be bothering scott. I didn’t say anything bad just wish our partner in this would speak up on our behalves.

  • `Steve February 21, 2013

    Has anyone thought of contacting the class action attorneys directly and see if we can get some straight answers?

  • Patience February 21, 2013

    “#400 alley 2013-02-20 21:08
    When the dealers checks went out sept 1 Rust said consumers to get theirs in couple months. In that couple months rust update the site with just a date (so they requested money supposedly to get checks out by end of year.) Dec 14. ALL CONSUMER ARE TIRED OF NOT GETTING ANY STRAIGHT ANSWERS. Rust is suppose to be a leader in this industry….ple ase show it. Give us some concrete answer not these abstract answer like we are auditing…blah blah blah. If someone is contesting claims …just tell us. I am hoping that they aren’t holding door open so more people can file. If the debeers site would update we wouldn’t be bothering scott. I didn’t say anything bad just wish our partner in this would speak up on our behalves.”

    Resellers disbursement were sent out August not Sept… and yeah, Rust then said a few months, which could 3 to 6 months, THEN in December they updated their web site (submitting the docs filed in December for attorney payment on resellers disbursement) But they failed to change anything on web site regarding disbursement so it was still saying as if a new comment “a few months” giving Rust 3 to 6 MORE month; however, their 800# said February 2013 that they then changed in early 2/13 to say early 2013.

    Scott has NOTHING to do with the process, Not to insult him in any way, but he is like a reporter and can only provide us information as available to us. He is kind enough to spend money to provide this website for consumer information (whether he makes money from it or not, it is still an expense to Top Class) he is not our “partner, the perons to help here are the Indirect Purchaser Consumer Subclass attorny’s and the Minnesota state Attorney general but they won’t if if n one steps up and writes them or calls them.

    If you are angry Alley, write the Minnesota Attorney General as SammiGirl asked. Wrote the attorney;s. they are listed in the court docs, all you have to is read them and those docs are available to read at no cost to anyone (other than Rust Consulting for keeping the website up even though never updating it) Go to V and open “Other Settlement Documents” and read through them, the names and addresses are in there…
    Rust Consulting does not listen to anyone here, it is not run by them. So everyone has to complain to a source that can help correctly if you are disgruntled if you want what is going on to change (just like everything in life, if you want action, move)

  • Patience February 21, 2013

    Steve, I wrote them weeks ago, well one of them, no answer yet. I suppose if MORE wrote, they would have to answer….

  • alley February 21, 2013

    402 Patience–Rust put the checks in mail aug 31st so they could get another month of interest which to me is Sept 1st.
    I didn’t want scott to delete my comment about rust…… I am not angry ….i can wait………….when you see rust is opening new offices around country….thats the only thing they care about. We should get regular updates on Debeers site. Our $10.00 checks arn’t going to change anything but some people are really expecting big bucks and i feel for their anticipation.

  • Patience February 21, 2013

    I hear ya Alley, I do. me, I do not expect a dime. What I DO expect is for people to stop whining here and act instead of expecting everyone else to do everything for them. One or two people , 20 even, calling Rust is not going to do anything. We all have submit validly worded complaints to the proper authorities if there is to be any news forced out of Rust before they are ready to do so. if you are not willing to do that. then what? Sit and wait, which is fine. Someone here asked for help and me and my nature followed through and helped rather than the other option (no action). To me it is about the point, and hte ends, not the padding. I never asked for world peace bust gosh darn some peace here (and honest answers from Rust) would be nice… LOL

  • Sam Adams February 21, 2013

    Here in the midwest kids, waiting for the big snowstorm to hits. Do hope the postal service gets through the snow so I can look for check…..haha.

    Getting closer to the weekend. Hawaii sounding good about now.

  • JD February 21, 2013

    Looks like Rust doesn’t have a good reputation at getting things done on time.

    http://masterjobs.net/rust-consulting-inc/from-minnesota-minneapolis-7487

    http://www.ripoffreport.com/Search/Rust%20Consulting.aspx

  • Ro February 21, 2013

    #406 Sam Adams I’m from the Midwest as well; it is still coming down here…radar shows it should be through here around mid afternoon. Nothing is moving… I stayed at the office…with a front view of traffic…NONE! Hawaii is looking better all the time!

  • Ro February 21, 2013

    #407 JD OMG! The ripe-off url is quite concerning! Think it is time to phone the MN Attorney General…somethimes a voice is helpful as well…at least it has worked for me in past matters…

  • Judy February 21, 2013

    I was told in December that the checks were going to be mailed in January..it’s all run around. No reason for anyone to be holding the money…

  • Patience February 21, 2013

    Well, the BBB sent me an email saying they accepted my complaint and said this about it “The text of this complaint may be be publicly posted on the Better Business Bureau’s website.” So, there is that…. it is a start in requesting Rust for more accurate info, and that is all we really can ask at this point.

  • Charles February 21, 2013

    For those like me that have moved since filing, you can email the claims administrator, Administrator@diamondsclassaction.com. I got this reply on Jan 23, 2013: Thank you for the update. Your address has been changed.
    The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in February 2013.
    …I’m still waiting…

  • JD February 21, 2013

    Since most of the principle officers of Rust are attorneys, it might also be advantageous to contact the state bar in Minn. All practicing attorneys have to be a member of their state bar and one could also possibly be able to file a complaint against them as well.

    http://www.mnbar.org/

  • JD February 21, 2013

    I just checked the bios on the principle officers of Rust. Most are CPAs and none seem to be attorneys, tho the State Bar might be able to tell you where to file a complaint against them.

  • moebetter February 22, 2013

    Thanks for the heads up on the ripoff report I now am confident we will never see a dime. But God forbid they send something to the IRS on my behalf and don’t send me my check cause there will be huge problems there. I say this because one man experienced this issue. The ripoff report pretty much made them sound like a bunch of scam artists and they seem to do the same thing with every class action they deal with.. Why they would let them stay in business is beyond me. No longer holding my breath to ever see a check. Glad I wasted so much time sending receipts for claims.

  • Andrea February 22, 2013

    RE: “#388 Patience”…its not the use of the word,”cos”, it’s the spelling. It screams, “I’m super ghetto” and just one of my personal peeves. Sorry to hear it has become common-place in our universities. If I were college bound, or looking for a job…well…anywhere…I’d NEVER use “cos” on my resume or in person in an interview. Just an FYI…and good luck!

  • Andrea February 22, 2013

    Am I the only one who feels this forum is redundant?

    I think we all need to go back to CraigsList “Casual Encounters” section and enjoy the pictures.

  • Patience February 22, 2013

    Yes, but then this is a comment board and not a professional nor academic communication forum, paper or interview and certainly not a resume nor job application.

    I think you need another drink, maybe of some strong Tazo Calm tea and a deep breath.

    aka relax silly. Sam Adams, where are you? Andrea needs some stress relief….

  • Mr Glenn A Altman February 22, 2013

    As much as I would like to be angry with Rust, they are merely administrators chosen by the Attorneys (with the approval of the court) to administer the settlement. I wouls also like to be angry with the attorneys, but, what do they gain by delay here? Additional interest earned on the settlement is added to the “pot” and can only be disbursed with court approval. Additional fees can only be paid after showing that the fees were necessarily incurred and approved by the court. Any additional checks sent to retailers at a later date can only be sent from that portion of the settlement paid for that subclass.(no funds can be paid from the consumer settlement to a different class of claimants.) Rust can only disburse to consumers after receiving the go ahead from the attorneys who must petition the court and receive approval for disbursement) Frustration makes us want to strike out at anyone and everone, logical or not. I do not work for Rust, I am not related to any of the attorneys, I am a consumer/claimant and I am just as frustrated as all of you, do try to keep your eye on the ball though.

  • JD February 22, 2013

    Here’s the information to fill out a consumer complaint with the Minn. Attorney General’s office:

    http://www.ag.state.mn.us/Consumer/Complaint.asp

  • alley February 22, 2013

    Everything that could go wrong with the consumer class seem to happen to us. I am glad the dealers got their money. If we were a business maybe we would have been treated a little bit better….oh wait isn’t the consumers actually the ones that make businesses profitable? Anyone have info on the lone guy trying to get in settlement with the judges blessing?

  • Patience February 22, 2013

    I hear what you are saying Mr. Glenn A Altman; however, all I am asking is for them to be upfront about the possbile disbursement date, instead of changing it at every whim. First they said January, the February, now early 2013 which is almost as vague as they can get. They need to stop toying with us, show us some respect by setting a date and sticking to it, then they will get our respect in return. I mean if it is not until 12/01/2013, then great, at least we have a date, you know? Point is for them to provide a date and stick to it; not asking for much.

  • alley February 22, 2013

    If at the very least if they give a date and something happens that its not possible an EXPLANATION would be wonderful. Give us some updates. Burst peoples dreaming bubble and lets get on. Andrea got her bags packed for Hawaii and the air lines are getting mad because she keeps postponing trip …Lol All good Andrea.

  • Sherry in MN February 22, 2013

    Patience,

    Thank you for your well thought out comments and plan of action. I did take your advice, filled out a complaint regarding Rust Consulting with the Attorney Gerenal here in MN. Fingers crossed, action is taken and Rust is acountable for providing us timely information.

  • Sam Adams February 22, 2013

    Hi Andrea…..how r u? cuz I am doin k. Haha….just having fun with you. You sound like a bright woman.

  • Adam February 22, 2013

    Well said Mr. Glenn A Altman.

  • Ro February 23, 2013

    Mr. Glenn A Altman., when you say, ” I wouls also like to be angry with the attorneys, but, what do they gain by delay here?”……. are you suggesting that the attorneys do not gain financially by dragging this out?
    And, when you say, “Additional fees can only be paid after showing that the fees were necessarily incurred and approved by the court.”….. are you ruling out that additional fees will be incurred when delays happen….. and consequently be approved by the court? I guess, I could be mistaken, but I think both the accountants and the attorneys benefit from these far extending delays. Why is my thinking not correct? …..Could I be that wrong?…. Do they put in all the extra hours….because it is necessary, ….for the money…… or for the fun of it? Hmmmm!
    If the delays are necessary, I think most of us would be understanding…. but, how would we know……accurate communication is nil. But, for goodness sake as you say “do try to keep your eye on the ball though.” What I really want to know is , “Are we having fune yet?”

  • Patience February 23, 2013

    Okay, let’s settle this like adults (as I flash the rock, paper scissors signs) ;)

    I am super lazy today, which is like normal lazy, but I am wearing a cape…. :P

    Did I lighten the mood?

  • therealmc February 25, 2013

    The only way to get con men to come to the table is to go to the media and bring there scams to the national light.

  • anita February 25, 2013

    My address has changed twice since I filed my claim. Does anyone know how to update it ?

  • anita February 25, 2013

    Sorry. I am asking about a address change for the debeers settlement. Does anyone know who to contact?

  • Kelly F Kerley February 25, 2013

    If anyone needs to change their address info :
    Email: Administrator@diamondsclassaction.com
    Tel: 1-800-760-5431 or if you are calling from overseas (612)-359-2002

  • Jeanna February 25, 2013

    The situation is truly ridiculous. There is no reason for Rust Consulting to be so vague. They haven’t updated their website since December and they have been stating consumer checks will be sent out since August. I think the media should be notified of this matter. Anyone have any suggestions on who to contact for national news. I am going to start with Facebook. The very least they could do is just be honest about the delays and what needs to happen before checks can be sent out. Just sayin’ …

  • Ro February 26, 2013

    Please reconsider contacting the media. I think this would NOT be good. This has been a low profile class action claim to this point. Going public will bring all kinds of late claimants forward demanding their fair share by filing late claims. The administrators told me that they may or may not deny late claimants, but, at the very least, they would have to take a look at all claims filed. I am convinced it will cause further delays…. Contacting the Minnesota Attorney General seems like the most affective, less public way to go.

  • Patience February 26, 2013

    Have to agree with RO on this one.

  • alley February 26, 2013

    I think they already let a bunch come in after the dealers got big checks. We will get less and less as this drags on…. and on…..( because more claimants let in) One is in court saying they lost his claim…….. Doesn’t seem anyone is representing consumer best interest. Information from Rust has been little to nothing. Wish someone would come out with some good info soon….we all could use it.

  • Trudy Trombley February 26, 2013

    After reading some things on Rust I came up with the idea that all of us need to file complaints with the BBB both locally and in Minneapolis. Maybe that will bring some action. At least it’s better than sitting here complaining.

  • Gooter February 26, 2013

    The judge in this case entered an order granting the class lawyers more than $73 MILLION in attorneys’ fees and more than $2.8 MILLION in expenses. That was before the appeal; perhaps those amounts are higher now.

    It is ludicrous that the class members have to wait this long. If there is any member of this class who lives near the courthouse in Newark, NJ, especially any member who is an attorney, it may be helpful if the appropriate motion were filed so that this matter could be brought to the attention of the court.

  • moebetter February 26, 2013

    Face it we will never see any money. Rust has done this on numerous suits and will continue, big guy wins, little guy screwed. I called their office in Minnesota, same bs you get when you call the trained seals on the settlement line. (612-359-2000) Liz Daniels is supposedly the lady that you need to speak to but apparently she doesn’t answer her phone or return phone calls, received her name from the receptionist. I guess that and a $1 will get me a cup of coffee cause I still have no answers. Unfortunately after reading the Ripoff Report and reading the same thing over and over about people waiting 2 and 3 years after settlements made on cases and people never receive a thing I don’t have a lot of faith. Rust appears to be another bunch of worthless criminals. Sorry if I sound gloom and doom but have been unemployed for a long time and any bit of money helps. I am tired of waiting and having no reason why.

  • alley February 26, 2013

    May 2012 we all won our class action. ALL Classes should have been paid at the same time. Rust shouldn’t rushed dealers checks out to them. WE ALL SHOULD HAVE GOTTEN PAID AT THE SAME TIME. By paying dealers they cut them a deal by not allowing any other claimants in but consumer class is paying for those big checks . Rust has sjown they cater to business and not consumers…..we can’t get a time or reason for anything.

  • Ro February 27, 2013

    #437 Trudy Trombley The Better Business Bureau has no policing powers…and has never have had and will …probably will never ever …”Bring Action” against any person or organization. They simply collect data.
    Dah!… so you will know that someone else filed a complaint/inquiry. The Minnesota Attorney General office a possiblility. Some of us have filed a complaint with them… or so they say… Let’s see if they take a look.

  • Patience February 27, 2013

    Yep, I contacted the BBB how long ago now? and Rust has not answered so complaint still open until they answer. If they dont answer, the complaint never shows up.. go figure.

    The state attorney general might help. As I told them & the BBB, all we want at this point is for them to pick a date, announce it and stick to it!

  • m February 27, 2013

    To anyone who is an attorney and can comment on the legal process: Can you speculate on the legal process regarding payments to the consumer class? Obviously, there is a judge signing off on motions. Contacting the BBB or other organizations concerning the fact that the consumer class has no payments maybe futile. The end result is that you have a legal process that each legal team is following. For anyone who is an attorney and reading this…..is there typically a timeframe written into a motion for settlement or payout? (My guess is no.) As long as the motions continue the payments are delayed is my guess?

  • Ro February 27, 2013

    Can anyone else get on the Debeers update website this morning. I am hoping they are updating…. …Probably not….

  • Ro February 27, 2013

    Just a glitch! It is back!

  • alley February 27, 2013

    Back in Dec. Rust told top class that they were working on affadavit. Can anyone tell if they turned in the affadavit for final distrubution? Does anyone have info on the guy that said his claim was lost?

  • Ro February 27, 2013

    #446 alley 2013-02-27 12:44 That was not an affidavit to generate checks…it was an affidavit requesting approval for additonal expenses to be incurred and payment of additional expense dollars incurred. Go figure!

  • alley February 28, 2013

    Ro i know they requested more money(12-14) but in order to send consumer checks they were also suppose to prepare and additional affadavit(For Administration )to send out consumer checks. I don’t know if they filed the additional paper work or if the guy claiming his claim was lost prevented them from filing. I’m hoping once the take care with that issue –i think we will get checks quickly after that being resolved.(At least hope)

  • Rust Consulting February 28, 2013

    WHY PARTNER WITH RUST?

    Dedicated Project Teams
    Benefit from the experience and talent of Rust’s dedicated project teams leaders and operations professionals. They implement best practices and develop creative solutions, resulting in an efficient and cost-effective process.

    Capacity and Scalability
    With Rust’s systems capacity, experienced staff, and existing operations centers, we are ready to begin work with minimal ramp-up time and cost. As the national leader in the administration of legal settlements, Rust has the systems and processes to scale for matters of any size, preparing us to begin serving our clients without delay.

    The Complete Solution
    Clients benefit from the streamlined experience Rust provides as a full-service administration firm. Rust has the internal competencies to manage complex programs of any size through every stage of administration, from notification and process design through distribution and tax reporting. Settlements are distributed promptly to concerned parties in a manner consistent with our mission statement.

  • Enough is Enough February 28, 2013

    #449 Really? I have yet to see any of the qualities and experience Rust Consulting claims to have. Stop posting on this blog and update your website with REAL FACTS and ACCURATE information regarding the Debeers Diamond Settlement! No one wants to hear your BS.

  • Mike February 28, 2013

    #449, Rust Consulting: Thanks for the laugh. I needed that!

    There are some real gems here: Efficient… ha ha… without delay… ha ha ha… streamlined experience… ha ha ha ha… Settlements are distributed promptly… ha ha ha ha ha!!!

    You’re making me laugh so hard I’m about to spray coffee all over my keyboard!

  • Jeanna February 28, 2013

    Just checked PACER! NOTHING has been filed since the letter of the person who claims his claim was deleted on January 29,2013. Judge granted payment for administrator on Dec 17, 2012. I didn’t see anything on the calendar for the case either. Disappointing to say the least…

  • Patience February 28, 2013

    um, I am pretty sure that is not Rust Consulting posting, just someone playing a prank. They just cut and pasted that from Rust’s web site.

    Lol,

  • donna March 1, 2013

    What I don’t understand is why the dealers would get a check in the first place. I mean give me a break they may have had to pay more for the diamonds but everyone knows that they passed that increase on to us the consumers. No way that any dealer lost money. They have a mark up which is a percentage and no matter what they pay they still make the same margin. So as usual, we the consumers, spent the extra money and someone else is getting richer off of it. I had over $15,000 in one ring and all I can say is that it is a good thing I already bought it because after this I will never buy a diamond again. Think I will go with emeralds, cz’s, or even lab created next time. Didn’t mind spending the money the first time but what I hate is that they are treating us like we are idiots or something. Do they really think that we believe that the retailers didn’t pass the over charge to the consumers? Sorry, not that stupid.

  • Ro March 1, 2013

    #454 donna I am confident that you are right for the diamonds that they sold; you I can bet they passed it on to the consumers, that’s how business works…… but, I suspect they have a lot of inventory that they overpaid for and can’t sell… I have been told that diamond sales are really down…with the economy as it is. Mostly only the wealthy are buying any substantial amount. I need to follow my own advice….kick-backed…have a glass of wine… don’t think I am going to do a thing to hurry them up.

  • bud wiser March 1, 2013

    regarding late/lost claims, perhaps going to the media is appropriate. at this point, if a claim is late, it should be denied. if a claim is said to have been lost, the person asserting that has an action against the industry professionals at rust, not against the other claimants. rust should not hold up timely claims to remedy possible errors on their part.

  • bud wiser March 1, 2013

    Well I’ll be damned
    I’ve come here to post again
    But that’s not unusual
    The latest excuse is just bull
    Tell me who should I call?
    And here I sit, hand on the telephone
    Well I guess I should have known
    The administrator’s busy oh no
    Boy have they got some gall

    Ten years ago I bought you some cufflinks
    I overpaid or something they said
    And we both know what claim forms can bring They bring diamonds and rust

  • alley March 1, 2013

    One guy… claiming $7000 in diamond purchases. Pay him and everyone else Mr Rust because you just got another months worth of interest. Whats he going to get ? Maybe $200. Please…Rust put us out of our misery. Get us an update. Dec 14 Rust request money and 17th they get it. Please just settle this thing.

  • Joshua Morris March 1, 2013

    At that rate this thing is going the Resellers will get their second disbursement before us consumers get their first. Something seems seriously wrong with that picture.

  • Waiting March 1, 2013

    Why can’t we go to the media???? I’m sure KSTP would LOVE a story like this. Might light a fire under them….??? Just a thought.

  • spooie March 1, 2013

    #457 – Excellent work!!

  • Rust Consulting March 1, 2013

    To All:
    We understand your frustration re disbursement of said funds related to DeBeer’s Diamond Class Action Settlement. We are in the final stages of reviewing claims. Once finalized, claims will go proceed to legal for final review and adjustments. Estimated time frame going forward approximately 12-14 weeks. We apologize for delay and appreciate your patience. Any questions re please contact us below.

    Rust Consulting, Inc.
    625 Marquette Avenue, Suite 880
    Minneapolis, MN 55402
    T: 612.359.2000

    F: 612.359.2050
    info@rustconsulting.com
    http://www.rustconsulting.com

  • Terra March 1, 2013

    How do we know #462 is really Rust Consulting? I guess this is another troll among the many here?

  • JD March 1, 2013

    Now it’s ANOTHER 3 – 4 MONTHS?

  • Ro March 1, 2013

    I am trusting that Scott would check out a “Rust” email, to verify its origin. 14 Weeks from this day (date of Rust Posting) is June 7. Wow, another 3-4 months. Might as well cool our jets. I was afraid …when they said “Early Spring” that it meant late June…. probably still will be.
    Time for a vacation…

  • Patience March 1, 2013

    Well, it might well be real because they took any reference of date of disbursement off the 800 recorded information. I guess the complaints did something, be they good or bad, at least everyone knows now not for a long time. If you get something, tuck it way for Christmas ;)

  • alley March 1, 2013

    Didn’t everyone have to submit paper work when claim was submitted? This 12-14 claim audit is just more smoke with no real justification that they are actually doing ANYTHING. If they would say because of court proceedings or anything else I would believe but they said couple month back that they were processing checks meaning they WERE done with auditing. The only way i see them auditing is if they are still taking claims. They want this diluted for consumers. Why wasn’t debeers site updated…sounds fishy.

  • alley March 1, 2013

    Back in Dec they told TCPA that they were preparing affadavit for payment –something is really messed up. Are we all going to have to email and make sure they still have our claims? Rust has always said they could pay out in couple of months –now they need 3 plus month from here? They probally stop processing consumer so thet can rush the dealers their second checks.

  • Cisco March 1, 2013

    I haven’t spoken to anyone on this board, but I am thinking that there my something wrong with the system. This statement by Rust makes me there is a problem. I called the new number yesterday. I talked to a real person, but it didn’t offer any real hope. This is absolutely absurd.

    In August we were told the retail buyers would be paid in a few months. Then in December they suggested that they will finish within two months. Now we are 3 and a half months into it and now another 12-14 weeks. I think there must be another problem. Remind me not to hire Rust for anything. Sure there are a lot of people but this delay is not reasonable.

  • therealmc March 2, 2013

    At this point I don’t care if I recieve a dime I want the world to know about this travesty I will be going to the MEDIA.

  • Ro March 2, 2013

    Hey everyone..calm down……and .let’s cool our jets….and remember the meaning: “Don’t cut off your nose to spite your face”

  • luvenia March 2, 2013

    The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in February 2013.

    Thank you,

    Diamonds Claims Administrator
    After contacting Claims Administrator about a date for subclasses checks this is what they sent me the above statement. But still don’t have a check and it is now March 02,2013

  • Jeanna March 2, 2013

    I think #462 is just some individual trying to create drama. Rust Consulting hired the diamond administrators to handle this case. When I spoke to Rust on the phone, they directed me to the diamond administrators website and phone number. Just call the administrator’s number and see if they have been giving an update. I wouldn’t trust anyone posting on this blog.

  • Patience March 3, 2013

    “#466 Patience 2013-03-01 14:47
    … they took any reference of date of disbursement off the 800 recorded information…” or at least they had at the time I called and then posted this.

  • alley March 4, 2013

    This is getting to be a big joke. Rust seems not all wanting to inform or keep consumers informed about what is going on. It’s time to give out our $10.00 checks so we can get on with it. I’m start to feel they have no intention of paying consumer class. They are letting people file paper claims and have to go back and ask for documents. So anyone who has family or friends that didn’t file have them send their claim in to get paid…..so no one gets anything and rust gets to keep all monies because no one qualifies for $10 bucks.

  • Double D March 4, 2013

    So,
    February 2013 has come and gone, + SURPRISE! No Check in my mailbox…SHOW US THE MONEY……..

  • Sherry in MN March 4, 2013

    I had mailed my complaint off to the MN Attorney General’s office and received a voice mail message from them on Friday (I was out of the office and got the message this morning). They followed up with both the Settlement Administrator and Rust Consulting. Both parties said that” final audits are being made and that a distribution should happen within the next few months. All questions should be made to the Settlement Administrator at 1-800-760-5431″

    What a crock. I do not hold out hope for seeing a check anytime soon.

  • alley March 4, 2013

    Iam sorry I can’t stop laughing. Did you read what was posted on top class action about banks to pay 9.3 billion………Rust consulting is going to handle it. They are going to contact consumers by end of March and have their payments out by end of April. We all here know that (rust) promises couple month to everyone and that doesn’t seem to happen. How many times will they say we are doing final audits…etc..to delay that payment. Maybe they can hold foreclosure money and cut loose the diamond money. Still very funny….are govt putting faith in rust ….lol

  • Terra March 4, 2013

    Alley – Surely Rust will distribute the foreclosure checks in a timely manner because that impacts many more individuals than the diamond settlement AND it’s more likely to make front-page news. I would say that Rust will be very busy printing out those checks and our diamond settlement checks most certainly will be put on the back burner for a few more months.

  • Cheryl March 4, 2013

    I just spoke with the claims administrator rep. (1800-572-3624) he said that it has been released that it is “anticipated” that the checks will be mailed early 2013. Meaning by 4.30.13

  • Andrea March 4, 2013

    Boy oh boy…..coming back to this forum is like an ex husband I once had. Yadda….yadda….bitching and complaining every time and nothing gets done. One thing I can count on for sure though….you guys will always be here complaining.

    Where’s my Sammy? Is it noon, yet? (ooops…by golly, it is!)

  • Patience March 4, 2013

    Sherry, I got same BS letter from that S.A.G. never mind that P O Box address is less than a mile for Rust Consulting.

    Wait, I need to go run back into my dark closet and roll in that manure they feed us: the mushrooms… LOL

    (Muffled laughter from behind closed door…)

    ;)

    at least they are getting to be so sad/pathetic it is funny….

  • Patience March 5, 2013

    If you read Scott’s most recent newsletter, this issue is addressed; maybe by end of April… (still, it would be nice if the Easter Bunny laid a nice envelope in my mailbox…lol (I won’t hold my breath though))

  • alley March 5, 2013

    Ok Pacer people–The gentleman that went to court end of Jan 2013 because he was deleted … does anyone know when this was to go back to court or if the judge has so many days to make a decision ? And is it possible to know that rust has filed affadavit for distrubtion of consumer checks? You are the best thing we have got going for us because -we don’t get updates from the people that are supposed(and being paid to)(rust)to keep us informed. Thank you PS i think the guy had 7000 in claims–i think he’ll find it was foolish for what might be just a couple hundred bucks (not worth time and effort).

  • Patience March 5, 2013

    Alley, you can open a pacer account and find this all out too, anyone can have a PACER account. And so long as you keep watch of each cost page and account total and do not spend over $15 a month, you wont get charged a dime but spend 15.01 and you have to pay… As I recall, last time looked at the case it cost about 5 bucks in the totla search just to get to the actual case record to see the filings but I cant look again until the next quarter unless I want to pay and I don’t… and yah, the guy who siad he had 7k in claim, well he was probably hoping for like 2.5k back, which we all know is not happening…. he filed that lost claim declaration for nothing really more-likely-than-not.

  • Sam Adams March 5, 2013

    Hi all, especially my Andrea. Yes, I am still around alive and well.

    No big check yet, so still going to work, spending countless hours in meetings daydreaming about the idiots around me. Hawaii still sounds good Andrea, especially in view of the crappy weather around here of late.

  • helen March 5, 2013

    just spoke to someone in the claims and nothing has changed since the Jan. 2013 update No dates No checks as of yet.

  • moebetter March 5, 2013

    Until this garbage company rust is forced to a deadline date that if not met forced to pay a monetary fine for every day after that we will never see checks. They know how to work the system and can delay this as long as they feel like it and suffer zero consequences.

  • alley March 6, 2013

    once the guy that has gone to court over his lost $7000 claimed is settled–I’m hoping things will happen quickly. I hope the judge rules quickly so we can get on with this.

  • renee March 7, 2013

    A month or so ago, Rust sent me an email saying the distribution would be in February. That didn’t happen. I emailed and asked why I hadn’t gotten a check. They replied by saying distribution in early 2013. I reminded them that it is early 2013 now. And, asked if the subclass needs to Petition the Court to find out why Rust has delayed the process for so long. Maybe that’s what needs to be done.

  • Waiting March 7, 2013

    Im contacting KSTP! This is B.S.!!!!!!!!!!!!1

  • Patience March 7, 2013

    Message received from Rust Consulting. Warning: Spoiler alert: Most will not agree with nor like/appreciate their message.

    “Rust Consulting is in receipt of complaint number 57247104, which is regarding the administration of the Sullivan v. DB Investments, Inc., No. 04-2819 (D.N.J.). Rust is a firm that specializes in the administration of class action settlements and similar complex programs involving notification, contact centers, claims processing, and fund distribution. Rust is the administrator of the above-referenced settlement.

    Rust acts on the direction of counsel in this matter. There remain issues related to the distribution of the fund and no concrete deadline or timeline. Plaintiffs’ counsel is in the process of determining the final distributable amount. Once that is provided to Rust, we will finalize the calculations and submit a declaration to the Court for approval. Subsequent to that approval, Rust will print and mail checks, likely within approximately three weeks.

    Because several of these factors are outside of Rust’s control and have no deadlines, we cannot give a more concrete timeline or informational updates beyond what has been given. We will continue to provide updated information as it becomes available to us.

    The delays in this process do not reduce claimants’ disbursements, and any interest being accumulated in settlement funds is not controlled by or paid to Rust.”

    So in the words Ace Ventura: “If I’m not back in five minutes… just wait longer.”

  • Incubus March 7, 2013

    So, apparently this could go on for several more years? seems that way according to that post. Each time someone files a complaint it stops the process.

  • DHS March 7, 2013

    Spoke with Rust Consulting yesterday, comment was deleted for some reason. The gal I spoke with said don’t expect any check to be issued until “summer of this year.”

    Not sure if she know whats shes talking about or not, just my response.

  • Patience March 7, 2013

    As per what Rust said, something is going on that is hindering the Plaintiff Attorneys’ (supposedly the attorney on “our” side) ability to ascertain the amount that is equal to 49.7% that is ear-marked for the Indirect Purchaser Consumer Subclass. :/

  • JD March 7, 2013

    Why not contact the attorneys instead of Rust? If it’s the attorneys holding everything up, then they owe us an explaination.

  • Patience March 7, 2013

    Oh, DHS, the complaint was through the BBB, not through the courts. It has no effect or affect on the progressing of the settlement.

    What does though is if people start calling and mailing the head plaintiff attorney’s office though, (and then raising the attorney fees too…. lol) Paragraph 2 Line 2 “Plaintiffs’ counsel is in the process of determining the final distributable amount” Until that (as the pink panther would say) is solveded, there can be no progress.

    So, I say it is time for me to find a new hobby …

  • MaryK March 7, 2013

    Hello: I’m wondering if you can confirm distribution time frames. I took ‘early 2013′ to mean January or February. 
    Can I expect disbursal in March? 
    Thank you very much,
    **** ******

    The Claims Administrator is conducting final claim audits. We anticipate that the distribution of settlement funds to other subclasses will take place in early 2013.
     
    Thank you,
    Diamonds Claims Administrator
    ___________________________________
    ________________________________________________________
    Hello: 
    Thank you for your reply. Do you mean first quarter 2013, that is to say, March? Or first half which would put us all the way in June?
    ______________________________________________________
    Typically it means 1st quarter.
     
    Diamonds Claims Administrator

  • Diane March 8, 2013

    Oops, I meant Incubus, not DHS.

    Mary, I did not email them, I filed a complaint through BBB; I posted some time back the basic complaint wording, but all in all the jist of it was for Rust to supply a disbursement date and stand by it. The message I posted today is what they provided to the BBB and the BBB then informed me there was an answer and let me see the answer, and I provided it here for those interested.

    I know it is not much help but at least it is better than vague emails with no real information that the diamond administrator is providing.

    =])

  • alley March 8, 2013

    Ok- Now I’m really confused. Rust ask for more money in dec. to “rush” consumer checks out. In Jan all rust was saying was they were working on checks and thats all you heard for about 5-6 weeks. If they printed checks already….then why do they need to print checks again? Are they going to pitch those checks out? Sounds like a big waste to class.

  • Diane March 9, 2013

    alley, just because they said working on checks that could mean lots of things, like data entry and such, not actually printing the checks.

    Who knows, maybe it will show up in time to pay for the charcoal for the first summer BBQ… ;)

    Only time will tell. =])

  • Incubus March 9, 2013

    What I hear is every time you complain it opens a new file which prohibits distribution. So, with all the complaints about delays the irony is the complaints delay it more. It will be 2-3 years, at least now with all the complaints filed each one needs to be reviewed by the process board and the attorneys.

  • Andrea March 9, 2013

    To my Dear Sammy; If you were in California about now…..you’d be in better spirits. Weather almost was 75 today for a March (sigh…..)

    Well….I see nothing has changed here…..everyone is still up in arms over a financial windfall……Me too…..only my arms are by my side holding a Vodka on the rocks (sigh again……)

    Sam….I thought you and Ro were coming out this way for a business meeting soon?

  • Diane March 9, 2013

    Andrea; it poured and was in the 50’s over 99.9% of sunny CA today LOL

    Incubus: exactly what complaints are you writing about? Are more filed in PACER? I will look soon, but not today as I am at like $14.99 and am a cheapskate….

  • Andrea March 10, 2013

    Diane, you must live in the hills (i.e Sierra Nevada)…it was 73 today and is expected to be darned near 80 on Wednesday. Looking forward to the 90 degree days!

    I can’t wait to see this forum die out once everyone gets thier checks. I mean that in the nicest possible way, of course…..its comedic at this point.

    Maybe some of your will stay around…stomp your feet some more…and demand more answers???

    Sam Adams must be on a more important gig…….good for him!

  • DAG March 10, 2013

    We should consider the amount of time involved to memorialize the number of consumers claims involved in this matter. Given the small relative number
    of dealer claims, it seems reasonable that portion of the settlement was resolved first. Although a set number of consumer claims has yet to have been
    declared, we can assume it is considerable more than the dealer claims… And if they are now forced to reconcile late or lost claims the entire matter
    will of course lengthen. They have to subscribe to due diligence and duty of care in this case, otherwise they can be held civilly liable… And until the
    a good faith effort to memorialized the consumer claims “in toto” has occurred, I would expect them to operate in the best interest of the consumers
    and also mitigate their exposure to any direct or ancillary liability in this matter. We must wait…

  • Sam Adam March 10, 2013

    Hey All, especially my Andrea.

    No I haven’t moved on to bigger and better things. Been busy working and doing all that kind of stuff. What will we all do when we get our six figure checks?

    I have not left you Andrea. How could I do that to my California girl? Weather sounds great there, have you broken out the bikinis for sun and fun? Bracing for another snowstorm here……yukk!!!!

  • WaitingInMN March 10, 2013

    Rust is also handling the LCD Class Action as well. They haven’t updated that website since early December as well.

  • Dolores March 11, 2013

    Checking this board again to see more of the same old, same old. Not much in the way of real information. I’m not in a hurry. I just want to see when people actually begin receiving their checks to make sure I wasn’t somehow lost in the shuffle. I DO have the green return card from my certified mail when I sent in my claim and documents so I only need to make sure I wasn’t lost after all these years.

    Perusing through some of the serious posts (and believe me, they are few and far between) I’m wondering where the figure of 161 million claims came from. I doubt that many people bought diamonds or diamond jewelry in the claim time period so I’m a little leery about those who may have just filed and claimed say, $8000 in order to be under the documentation limit. Forgive me for being suspicious but having worked in prosecution I have seen the worst of the worse in humanity. I would like to think there was a way of weeding those types of claims out. My belief is everyone should have had to file receipts and proof.

    Sam and Andrea, get a room. :P

  • Mike March 11, 2013

    #509 Dolores, nobody is saying that there were 161 million claims; they are saying that there are 161 million dollars to divide up among the consumer claims. Someone in these comments said there were about 2 billion dollars of consumer claims, but that has not been confirmed anywhere else I know of. If true, and if claims are paid on a pro rata basis, that would give each of us about 8% of our original claim.

    Sam and Andrea, when you get your big checks, you’re welcome to visit me at my home on Maui. Let me know when they show up, so I can schedule you into our guest room. It’s in the 70s or 80s and sunny here almost the entire year, so even if it takes months and months, it’ll still be nice. :-)
    Aloha.

  • alley March 13, 2013

    The debeers checks will be put in mail on March 31st of this year. That would totally be awesome and quite possible. But i admit this is my April fool joke. Repeat –this is a joke.

  • Adam March 14, 2013

    @Mike and Dolores

    Yes. There was a point where someone suggested there would be between 67 and 110m claimants. This appears to me to be an estimate from the attorneys of the size of the class if everyone was automatically enrolled. In reality, the figure will be much lower. I’m guessing 2m claimants, but we’re all hoping it’s lower.

  • readtoomanycourtdocs March 15, 2013

    yes,someone suggested there would be between 67 and 110m claimants. that comes from the wording in the court documents, the Court of Appeal Order Approving Settlement as I read it. BUT it is NOT an actual count of actual claimants, just the attorneys guessing. Only time will tell. I am waiting. maybe in the fall something will arrive and surprise, maybe not, if not, life sadly will go on

  • Jtom March 15, 2013

    Yes, those figures were an estimate of the number of potential claims assuming each claim represented one qualifying purchase. Think about it. If the claims exceeded over 100 million, as the larger estimate is, then more than one out of three Americans, including children and illegal aliens, would have had to have bought a diamond during the applicable time period, found out about the lawsuit, and file a claim! Stats on these types of lawsuits indicate that about eight percent make claims. That would indicate five to eight million. But from what I understand, they overestimated the claim rate of the reseller class where you would expect a high rate. I suspect there are perhaps two million or fewer claims, at most.

  • biggie March 15, 2013

    even if its 2million claims that works out be a whopping fifty bucks

  • Adam March 15, 2013

    @ biggie

    That’s $50 average for each claimant.

    I’m estimating that the average claim will be in the $5500 range.

    So, with 2m claimants, you would receive $50 for every $5500 spent.

    With 1m, $100 for every $5500 spent.

    Now this ignores the type of purchase, but I’m also assuming that most purchases were diamond only jewelry. If you bought mixed stones expect less, but these are cheaper anyways. Stones only, expect more.

  • Sam Adams March 15, 2013

    Adam, what do you have a crystal ball to give you the number of claims and average claim amount? How about you and your cards give me the lotto numbers for this Saturday night?

    Andrea, Dolores said we should “get a room,” and Mike in Hawaii has offered. The gauntlet has been thrown down. When my big check arrives Andrea……….to be continued.

  • Ro March 15, 2013

    Did “ya” all notice…they updated the “Official” website once again……they changed the date to March,15th.
    How impressive…work in progress!

  • Adam March 15, 2013

    @Sam Adams

    If you guess the number of claimants, then the other number fall into place. I’m estimating that the average claim will be in the $5500 range.

    Assuming a distro of $100m…

    4m claimants $25 settlement payment per $5500 spent

    2m claimants $50 settlement payment per $5500 spent

    1m claimants $100 settlement payment per $5500 spent

    .5m claimants $200 settlement payment per $5500 spent

    .25m claimants $400 settlement payment per $5500 spent

    I’m just elaborating on biggies simple math below. When the distro is announced, the first thing I’m looking for is the number of claimants. I would bet it will align well with what I posted.

  • Sam Adams March 15, 2013

    Alright Adam, solve these problems…….

    1. 4. Two cars belonging to two brothers are in two towns two hundred miles apart. The brothers decide to meet for a cup of coffee. The first brother starts at 9:00 a.m. driving 60 mph. The second brother starts at 9:00 a.m. driving 40 mph. What time do they meet?

    2. Where for are thou Andrea?

  • Ro March 15, 2013

    SamAdams: They meet at the same time… unless one of them went the wrong way!!!

    I’m in Hawaii now! Eat your heart out!

  • moebetter March 15, 2013

    Big deal they updated their site, and now it appears everyone has been paid but consumers. Still no confirmed date for consumer checks. I could of audited the entire midwest in the time it has taken them to do audits on this and I audit for a living. This is bs that they are not held accountable to the standards the rest of us are at our jobs. When was the last time you were handed something by your boss and he said,”get it done whenever you feel like it?” Answer: Never Everything has a deadline and I expect no different from them. Time for them to have a deadline and be held responsible with answers if it is not met. I said it earlier, I think they should have a date and just like a builder if the date isn’t met they pay a penalty for everyday they are late. Bet Rust would light a fire under someone if they had to part with their cash.

  • Adam March 15, 2013

    1. 4. Two cars belonging to two brothers are in two towns two hundred miles apart. The brothers decide to meet for a cup of coffee. The first brother starts at 9:00 a.m. driving 60 mph. The second brother starts at 9:00 a.m. driving 40 mph. What time do they meet?

    That entirely depends on where they decide to meet. If that point is directly between the two starting points then they meet at 11am.

  • Adam March 15, 2013

    Duh… Got that wrong.

    If the point is directly between the two, then they meet at 11:30.

    If the point is where they cross paths, it is 11:00

  • Angela March 15, 2013

    There’s an update on the site today. It looks like it’s for indirect resellers who are having their checks released. Consumers still have to wait. Probably another 3 months before we hear anything.

  • andy March 15, 2013

    they updated on december 14 2012 saying that consumers would receive their checks in a few months this new updates state they have now sent a second round of checks today to the indirect sellers. good luck ever receiving anything on this crap. just forget about it

  • karen March 15, 2013

    It is absolutely ridiculous that the DeBeers Settlement updated today and the consumers are still not receiving their checks. At this point, it’s time to file a class action suit against the Administrator.

  • alley March 15, 2013

    With the new update-there are a few good things you can take away. The fact that they sent checks out on the day that they updated the site. Hopefully they will have consumers checks IN THE MAIL when they update for us. On the bad side is that they have continually have said that they were sending consumers checks out in a couple of months for a year now. Wish they would just be honest and say when the guy that has the lost $7000 claimed has been resolved then we can mail checks out. The update is not what we wanted to hear but at least they still working on it. Thanks Rust
    I email rust last week saying there has not been any updates for consumers and they emailed and said class clowns..ooops i mean class cousel is still saying early 2013 for our checks. Hopefully close.

  • andy March 16, 2013

    at this point early 2013 is gone. I think they mean early 2014

  • readtoomanycourtdocs March 16, 2013

    Rust said ” Rust acts on the direction of counsel in this matter. There remain issues related to the distribution of the fund and no concrete deadline or timeline. Plaintiffs’ counsel is in the process of determining the final distributable amount. Once that is provided to Rust, we will finalize the calculations and submit a declaration to the Court for approval. Subsequent to that approval, Rust will print and mail checks, likely within approximately three weeks.”

    So folks ONCE the attorneys get off the ball and had it off to Rust, a few weeks afterwards, you will get your check IF one is not $10 or below…

    Go miniature golfing or something; live a little…

  • Ro March 16, 2013

    522 Moebetter I agree… Someone should be issued a penalty. Did you notice those that receive checks are bound to a “DeadLine”:
    The remaining proceeds of the Reseller Subclass Net Settlement Fund were distributed to the Authorized Reseller Claimants by the Settlement Administrator on March 15, 2013. The settlement checks have a void date of June 13, 2013, and the deadline to request your check be reissued is May 23, 2013.

  • gonefishing March 17, 2013

    Website got updated, but still no update on the consumer class/claimants. Wow what a country we live in.

    “The remaining proceeds of the Reseller Subclass Net Settlement Fund were distributed to Authorized Reseller Claimants on March 15, 2013…”

  • Cisco March 17, 2013

    Isn’t the payment yesterday just the 15% withheld from the payments last August.

  • alley March 17, 2013

    Cisco- yes that should be final for dealers. Makes me wonder if all this time that they say they were working on consumers in fact just finishing out dealers. They can’t figure ours until they get that guy out of court and that will take time.

  • biggie March 18, 2013

    so lets get this straight th resellers got there money first why did they get any money inthe first place they just pass on the cost on to the consumer we are getting screwed

  • helen March 18, 2013

    According to the person I just spoke to the Resellers have now been paid they remaining balanced to them on March 15. the comsumers there is no date as of yet.

  • Jen March 18, 2013

    I am new to this message board so I apologize if this has already been discussed. Is there anyway to confirm that my claim was received? I have tried calling the number on their website, but it just seems like a recorded message. Thanks.

  • the fine print March 18, 2013

    the number to call from the claim form is call the Claims Administrator at 1-800-760-5431.

  • alley March 20, 2013

    No comments from dealers getting their second checks? They can go get more diamond inventory that the consumers won’t be able to buy with our non-existant checks. Its not the wait that is bad just not knowing how many more people are rushing in to make claims especially after the dealers got big payday. Rust has done a horrible job keeping the consumers informed. i guess the judge doesn’t care about us either.

  • the fine print March 20, 2013

    Well, they did inform claimants through the BBB, (as written below) “Plaintiffs’ counsel is in the process of determining the final distributable amount. Once that is provided to Rust, we will finalize the calculations and submit a declaration to the Court for approval. Subsequent to that approval, Rust will print and mail checks, likely within approximately three weeks.” Until the attorney’s office gets done what THEY need to get do, Rust can’t do a thing…

  • Gooter March 20, 2013

    How many claimants are there who are alleging that their claims were “lost” by Rust and/or Class Counsel. If there is only the guy in post #485 + #492, the amount of his claim, even if allowed, would reduce every other consumer class member’s claim by a penny! So, I propose the there be a small amount set aside to deal with this guy’s claim. Then, the rest can be distributed, and the set aside can go either to the guy or (if he loses) to the charity which is set to receive all payments less than $10. This plan would work even if there are several allegedly lost claims. However, if the number of allegedly lost claims — whether already presented or to be presented in the future — is so high that all consumer class distribution amounts would be significantly affected (e.g., if the number of allegedly lost claims is, say, 25% or more of the total timely-filed claims), then the set aside plan may not work. In such a case, I would propose that class counsel promptly present the appropriate motion to the court for an adjudication of the rights of the allegedly lost claims and of any other late-filed claims. Once that adjudication is made, distributions can be calculated and the checks mailed.

  • goober March 20, 2013

    Well, you could always forward your idea to the 12 or so law firms for the plaintiffs and then, if they like it they then have to write it up to submit to the defendants law firms for approval and then submit it to the Court for approval and make it a matter of record…. or just write to the 12 or so law firms for the plaintiff and ask them what is taking them so long in getting the final numbers to Rust; with all those employees, you would think they would have enough fingers to count on to get the numbers right by now…

  • goober March 20, 2013

    and way back on post #191( ya 2013-02-04 13:24
    Someone simply filled a declaration of a lost claim (in hopes judges orders their claim to be allowed now after the filling date as they say they filed their claim in a timely manner and submit a copy of it as evidence of having done so) is all, they are not suing…. Guess they think they will get more than 10 bucks…) it was learned of that guy and his filing with the court of a lost claim… Wonder if anyone with a pacer account went and looked recently to see what, if anything, came of it?

  • Mary March 20, 2013

    Is this really happening, how much more time and money is Rust going to take from the one’s that were screwed the most? Unbelievable how the courts have let them get away with this.

  • Enough is enough March 20, 2013

    FYI … I just got on pacer last night. No new activity since January 29, 2013 when the person with the “lost claim” filed his letter. I also sent an email to that person asking if he had heard anything from the courts or attorneys about his letter. No response as of yet as I just emailed him late last night. I also sent an email to the attorney for Shawn Sullivan ( one of the main plaintiffs in the case) to see if they could enlighten us on the matter. No response I doubt I will get any response. It is not Rust holding this up. It’s the attorneys they have to file an order and get approval from the court prior to distribution of checks. Those attorneys don’t care about the consumers as we aren’t the ones who initiated the class action. I am frustrated as all of you are, my husband and I spent quite a bit on diamonds before tough times hit. I think we need to start hounding the attorneys.

  • Enough is enough March 20, 2013

    Well I spoke to soon… I just received an email response from attorney John Maher. He said checks to consumers should be mailed out within next 60 days. For what ever that’s worth…

  • Andrea March 20, 2013

    Dear #546;
    Blahahaha!!! Thanks for the laugh! Sammy baby, I’m still lingering. Just not on this site as much as some. I hear Hawai’i is nice this time of year ; )

  • Enough is enough March 20, 2013

    #547 if you don’t believe me email him yourself maherlaw@gmail.com got his email from docs found on pacer.

  • Andrea March 21, 2013

    Dear 548: I am over it. Thank you for the update, though. These ding-dongs have been saying, “its coming soon” for a few years now. I’m going to go crack another beer and get ready for work tomorrow (yawn!)

  • alley March 22, 2013

    #6 post here saying we will see the easter bunny before we get checks is coming true. No action in court since that guys lost claim submitted late january and still nothing. That guy has hijacked the whole system and the lawyers won’t do anything because they don’t care about consumers here. The lawyers opened pandora’s box when they started publicing that dealers were getting large checks. They should have part paid consumers –so no more people could join. How many people filed- late claims…probally alot and most likely close to the $10,000 mark.

  • Melissa March 22, 2013

    I’m just glad the dealers got the rest of their settlements… I know how hard up they are. ;)

  • moebetter March 23, 2013

    Sent an email to the attorney today didn’t hold anything back and basically told him I would like a date not a time frame or any vague bs, an actual date when checks will be arriving. I didn’t hear back,but didn’t really expect to as I am sure he didn’t like some of the things I said but at least he knows how I feel. I figure my heirs may someday get enough for a few beers on $2 draft night.

  • goober March 23, 2013

    gawd I wish the new posting format was here with “like” option on other comments LOL

    Love the sarcasm! I wrote em too, over a month ago, they didnt have the cahonies to answer…

  • Chris G March 23, 2013

    So let me see if I get this right… The retailers who bilked consumers and made profit get their funds before those who paid retail with profit to retailers? Why yes, this makes perfect sense. Who in the world set this fiasco up and why are people tolerating such incompetent attorneys/trustees. Seems a tad sdrawkcab.

  • Sam Adams March 25, 2013

    Hi Andrea! How are you my dear? Hope you had a nice weekend. Crappy weather again in the midwest. Hawaii sounding better and better all the time!

  • Ro March 25, 2013

    Andrea & Sam ….Just got back from Hawaii with a marvelous…tan and a new attitude…..going to be patient and maybe the claims adminstration will give us all a Mele Kalikimaka……much more than we expected….then again..I may feel different when I sober up…..

  • goober March 27, 2013

    re: #546 Enough is enough 2013-03-20 14:07
    Well I spoke to soon… I just received an email response from attorney John Maher. He said checks to consumers should be mailed out within next 60 days. For what ever that’s worth…

    60 days; so that means some might get 10 bucks or so to pay for a margarita to sip will staring at a beach screen saver whilst the sound machine plays the sound of the ocean waves crashing on the shore just in time for summer! ;)

  • Helen March 27, 2013

    Just spoke to the claims no updates still saying they are doing a final audit and claims are expected in early 2013—-and this is subject to change. HEHEHE

  • alley March 28, 2013

    i emailed rust just before we got the last update. In my email i said consumers have had no updates (the updates were just about dealers) They basically thru the lawyers under the bus by saying unless class counsel give them updates …they can’t do anything. They also said early 2013 was still what they were saying. I firmly believe the true reason for not paying consumers is so all their friends and families can file big claims to dilute the consumers portion. That would be the only reason they would need to still be auditing because they are giving new paper claims time to prove if over $10,000. It upsets me that a lot of people filed $3000 to $8000 honestly back in 2008 and now other people are rushing in close to the $10,000 mark. Th erushed the dealers claims thru and left consumers hanging. They could have shut the door by part paying the other sublas but didn’t. We are being taken advantage of and Andrea if you want to call it foot stomping thats ok. Realyy coming up on a year and dealers been paid twice. Doesn’t pass the smell test anymore.

  • the fine print March 28, 2013

    they have medication for that these days….. ;)

  • Mike March 28, 2013

    I still don’t understand why the businesses were able to take part in this class action. They passed their costs onto us the consumer. Its not like they took a loss selling them to us, we bought the diamonds at higher prices. Why should they get reimbursed? In essence they are being paid twice for something the we bought.

  • Ro March 28, 2013

    561 Mike: I’ve posted this 3-times now. …but, here I go again..I suspect you are exactly right… the dealers passed on the overcharge to consumers……for the diamonds they sold!!!
    It is the inventory, (not yet sold) that they are deserving of remuneration. With the economy as it has been,it is my understanding that the diamond sales has been almost nil. The middle and upper middle class zipped up their wallets.
    As usual there are two sides to to every issue.

  • alley March 29, 2013

    What a great april fools joke…..update website saying consumers are being paid on April 1st. They would be collecting another month of interest to go along with their ever growing bill for services. To the lawyers who got money for taking care for business people–i suspect you won’t be getting any tips from the angry consumers. Thank you from the bottom of my rotten heart. Love ya Andrea need some more your postings.

  • goober March 29, 2013

    alley, what do you smoke to hallucinate so? the de beers website says nada you envision… And Lawyers are not “gratuity” receivers unless they want to be dis-barred….

    Technically, Early 2013 is June 30 or prior to….

  • moebetter March 29, 2013

    If you Mary K#498 the administrator states that first part of 2013 is first quarter which ends on Sunday. Now I don”t believe that they are sending checks today but I don’t believe they will ever send checks because this seems to be comon with Rust but just saying. The judge should have set a date by which ALL claims should have been distributed he didn’t and the consumer gets screwed again.

  • alley March 29, 2013

    Goober– June 30th would be mid 2013 not early. I would accept April as Early 2013 but not may. The problem i have with the settlement in 60 days is that what we been told for a year now.(Rust words) They rushed dealers their checks and even received their second check. So when dealers got their first BIGGER than expected checks i but that the door was and still open for consumer class to file claims. If they wanted to close consumer claims they would have part paid just like dealers. You can’t tell me that Rust and lawyers arn’t benefiting from draging this out. More interest –more phone call– more claims- more auditing –more more going their way while choking out the consumers so the longer they wait and the more claims they keep taking the more people will fall in the $10.00 and under group which we know gets ZERO. I filed my claim in 2008 for just under $6000 and i know good and well lawsuit junkies are coming in close to the $10,000 mark. I am not going to get much but i just don’t want to get screwed out of the little bit i would have gotten had they stopped accepting claims.

  • goober March 29, 2013

    not if you split it in half…. no one said they are saying there is a early mid or late 2013 just as no one said there is an early or late 2013; it is pure speculation.

    consumer claims ARE closed; one person filed a TIMELY claim but then in January was told they had no record of his claim, so he filed a notice with the court.

    There are mountains and there are molehills… both are fun to admire in their own way so long as you don;t get lost in the tunnel vision of it all

    I look at it as IF I get something great; if not, well you cant miss something you never had….

  • alley March 30, 2013

    -goober–i email rust and they told me “early” 2013 if you look at posts here they were told the same thing. Early was said after they had said Jan then Feb. It just never ends and from whats been said that guy who has lost claim was he tryed to get it fixed with rust in nov and they said no- so he went crying to court. While any money we get is found money (I don’t know how its found since my diamonds are worth about half now) we are getting shorted more and more as time goes. So what was a hundred dollar bill is now maybe a twenty …and the more stalling of any payout means it will be in the ten dollar and under or all for zippo. I could wait forever as long as they stop allowing more claims. Why won’t they start a partial? If they did that –they wouldn’t be allowed to bring in more claims. They really wanted to make sure no other dealers would get in …. so they nailed the door shut. Close the consumers door!!!!!!

  • alley March 30, 2013

    goober– Also read the archived news letters here at top class actions. At the bottom Scott talks about things told to them.

    Also read post #2 from don 12-07-12

  • Mike March 30, 2013

    In May of 2012, Joseph J. Tabacco, Jr., an attorney in the case, said that consumer checks should go out by late that summer (2012): http://www.jckonline.com/2012/05/23/de-beers-antitrust-class-action-now-final . Then in December someone at JCK Online talked with an unnamed lawyer in the case, who said checks should go out by the end of the month (December 2012): http://www.jckonline.com/blogs/cutting-remarks/2012/12/10/what-big-jewelry-chains-got-from-de-beers-antitrust-settlement . So it looks like not even the attorneys have a crystal ball in this case.

    I guess we’ll see it when we see it…

  • bob March 30, 2013

    I BELIEVE THEY CHANGED THE AMOUNT. IF YOUR CHECK IS UNDER $25 YOU WILL RECEIVE NOTHING

  • alley March 31, 2013

    bob–$25.00 was minimum for dealers–not consumers.

    Everybody(lawyers-rust-jack on line-top class have all
    have said checks coming—but never no checks. Will someone take credit for not paying this out.

  • goober March 31, 2013

    alley. recall this one:

    #492 Patience 2013-03-07 12:18
    Message received from Rust Consulting. Warning: Spoiler alert: Most will not agree with nor like/appreciate their message.

    “Rust Consulting is in receipt of complaint number 57247104, which is regarding the administration of the Sullivan v. DB Investments, Inc., No. 04-2819 (D.N.J.). Rust is a firm that specializes in the administration of class action settlements and similar complex programs involving notification, contact centers, claims processing, and fund distribution. Rust is the administrator of the above-reference d settlement.

    Rust acts on the direction of counsel in this matter. There remain issues related to the distribution of the fund and no concrete deadline or timeline. Plaintiffs’ counsel is in the process of determining the final distributable amount. Once that is provided to Rust, we will finalize the calculations and submit a declaration to the Court for approval. Subsequent to that approval, Rust will print and mail checks, likely within approximately three weeks.

    Because several of these factors are outside of Rust’s control and have no deadlines, we cannot give a more concrete timeline or informational updates beyond what has been given. We will continue to provide updated information as it becomes available to us.

    The delays in this process do not reduce claimants’ disbursements, and any interest being accumulated in settlement funds is not controlled by or paid to Rust.”

    So in the words Ace Ventura: “If I’m not back in five minutes… just wait longer.”

    The minimum for consumers is $10.00; plan on that if anything it seems.

  • the fine print March 31, 2013

    maybe the attorneys are waiting for enough time to pass so enough interest can accumulate so everyone can at least get $10.00..

  • Scooter March 31, 2013

    I heard that Rust and the lawyers decided not to pay the consumer class. So there will be no checks being issued.

  • the fine print March 31, 2013

    I trust what Rust told in the BBB complaint, not hearsay put to each his own. =])

  • alley March 31, 2013

    So there are other issues ……set aside money to cover those issues and refund the rest of the money. To say that we are getting more interest…that is true …but if they are allowing additional claims and claiming more administrative cost and lawyer cost….such as dec request for more money. I’m begining to think that the judge should be wondering why a settlement from last May is being like the energizer bunny and keeps going and going. The Lawyers and Rust have created this mess for paying dealers ahead of other classes. WE ALL SHOULD HAVE GOTTEN PAID AT THE SAME TIME. When it came out dealers got big checks everyone else came rushing in with the complaints.
    And to goober #564 June 30th is past the 60 days that has been floating around–End of May and 60 more days will have passed.

  • the fine print April 1, 2013

    they Are NOT allowing additional claims, get over that fallaCY as there is NO documentable proof to back your psychosis.

    Plus, it was said back in January, according tot he court docs, there were some! go read posts 207 and posts 286 which state from the filed court docs “From page 135 of the Special Masters report states “Counsel for the Consumer Subclass have addressed whether distribution of the settlement funds to Subclass members is practical, economical and feasible. This question arises from the estimated number of consumers in the Subclass: plaintiffs estimate that there are between 67 million and 117 million members of the Consumer Subclass”. ….(lots of $ talk here), followed by:… “Using simple math, at the low end of the number of Consumer Subclass members, if each of the 67 million Consumer subclass members filed claims and was given an equal share of this (the allocated amount of approx $135.4 million), each claimant would be paid $2.02. At the high estimate of the size of the Consumer subclass, if each of the 117 million Consumer subclass members filed claims and was given an equal share of this, the payments would be only $1.16. ”

    SO the lawyeres have to figure out WTF to do given far more claims than money AND then Millions to donate to the designated charity of funds not disbursed…

    Not what anyone wanted to hear but is looking more and more like fact

  • wow April 1, 2013

    floating around pissed off and not researching the truth, then dissing those working their asdses off to help those who are acting quite selfish and greedy…, well that is a sad life for the disher to lead

  • moebetter April 1, 2013

    So as I said consumer isn’t going to see squat! 29,000 in diamond purchases all receipts submitted and won’t see a dime! No better than the government. Pay to support deadbeats and illegals.

  • wow April 1, 2013

    whatever Mo, you had no visible posts prior to #207; they called it per court docs, others, not wanting to hear the possible truth end result got mad; and now when it seems no one will get anything, there is surprise… No one shoulda expected anything to start with according to court docs and the attorneys in the matter are following that path it sure seems. still., who cares who said what? no one, most only care about money they didnt expect to get when they actually spent $$$ on diamond jewelry, just when they found out they might get some back.. Me, I am most upset that dealers who really would never ever lose nothing over inventory yet they got paid first and foremost, at all even! The consumers are the one who support not only the defendants but the direct and indirect resellers; it is bullshit the consumers wont see a dime or maybe 10 bucks BUT when buying itmes, we didnt expect anything back ever to start with so as unfair as it is, life went on reaming the consumer in the process

  • alley April 1, 2013

    Dear #578 the fine print. Before you say things aren’t true you should look at court docs.
    If you would take to time to go to the diamond settlement page and on the left side of screen you will see box says other settlement documents. When you press that button on the top of screen it should say Order approving distrbution of the indirect……. Read just a little down that page and it says ” Claims filed by resellers subclass members after the claims filing deadline of May 19 2008 (“Late Claims”), but on or BEFORE FERUARY 28, 2012 ARE HEREBY ACCEPTED AND ELIGIBLE FOR PAYMENT ………….
    They allowed late claims before dealers were paid!!! I know of some people filing late consumer claims and were told it depends on court whether they are accepted or not. So if you think they are not accepting paper claims YOU are mistaken.
    Also you read the part in Master court papers that said that they ESTIMATED THERE COULD BE 67-117 MILLION possible consumers in class using diamond magazine subscriptions. They also said less than 10% ever have filed for class action and number would be much lower.

    Jack on line magazine kept saying dealers would only get enough to take their staff out to lunch. That was a big misstatement. Only when Rust files for final administration will we know the exact number. I’m starting to believe our numbers are low and they are letting more in so their estimates won’t look so bad. Rust consulting is top class company and they should be giving us updates (or lawyers). This whole year haven’t bothered to give any consumers on the web site any creditble info. Give us info –not we busy printing checks. ……expect early Jan then Feb now Early 2013.
    If they arn’t going to pay just tell us ! Sure there maybe alot pitched for being under $10.00 but there is going to be alot get so much more

  • The fine print April 1, 2013

    LMAO alley!

    I have read EVERY court doc! and I work in the field so I know who to proper;ly interpret it all and ty to help thers understand such. Sadly, I cant help the stubborn or those with no common sense…

  • The fine print April 1, 2013

    They allowed NO late claims nor do you have documentation to support your allegation alley

  • The fine print April 1, 2013

    go tpo PACER and see for yourself NO additional claims have been accepted; You need to find a new hobby or get better at this one, say get a B. A, in legal studies if not a masters, then talk to me as NOTHING you write is actual or true nor is there documented proof filed with the courts to suppose your allegations. Go read the Report and Recommendations of the Special Master then realize you might be wrong in your statements here… go back and read #286 ya ok 2013-02-11 18:21
    well, after reading the report and Recommendation of the Special Master, I stand by my statement I gave before in #207 ok 2013-02-05 17:01, but I feel not so smart for not reading this before I wrote them…. still I was correct in saying we would get nothing at all from how the report was going until Mr. Potter of Rust stepped up made his declaration to the Special Master. If we do manage to actually get anything at all, we have him to thank.

    From page 135 of the Special Masters report states “Counsel for the Consumer Subclass have addressed whether distribution of the settlement funds to Subclass members is practical, economical and feasible. This question arises from the estimated number of consumers in the Subclass: plaintiffs estimate that there are between 67 million and 117 million members of the Consumer Subclass”. …. it contains cut and paste from the courts docs you fail to comprehend and understand it seems yet you say I haven’t read… if YOU read them , YOU would understand ! The consumer subclass claimants, aren’t getting much, if anything…

  • alley April 1, 2013

    Estimates are ESTIMATES. Go reread farther and they say that they only expect no more than6-7% to file. IT IS ONLY AN ESTIMATE. If more than 50 million filed rust would have said there will be no money because of number of claims. No–they keep sayinging they will send checks. We will see soon. Apology accepted. Good day.

  • bud wiser 4-1-13 April 1, 2013

    just got my checks…both for $2600 on about $9300 claims. i put in identical claims in both me and my wife’s name…they paid both no questions asked.

  • Scooter April 1, 2013

    I heard that the 3 partners of the law firm, Dewey, Cheetum and Howe went to Vegas with the CEO of Rust and spent all the consumer class money on hookers, gambling and magnums of champage.

  • Trudy April 1, 2013

    Bud-Happy April’s Fools Day to you

  • Andrea April 1, 2013

    Hello! I’m back for a second. Hope everyone had a FUN Easter (ok, Easter really sucks). I was reading through all of your posts and just don’t have anything witty or sarcastic to add. It would be redundant.

    But hey……if Mr. Bud-we-sier is really serious….that is great news and gives me hope. There is 9 more minutes to noon…..I am in LIBERAL CA where they give us state wokers a day off for any ‘ol reason (thank you Cesar Chavez!), So……I think I’ll start early today….. Clink/clink to all my happy fans, and may your beer runneth over, and your Golden Cadillacs stay stiff! (look up a GC……to DIE for…BUT….you have to come to a lil town here called “El Dorado” to a perfect one. Most bar tenders destroy them. But hey…..thats another lawsuit!

  • Andrea April 1, 2013

    Don’t you ever wish there was a “Like” button here?

  • The fine print April 2, 2013

    I love april fools day jokes! Good one Alley!

  • Sam Adams April 2, 2013

    Hi Andrea…..where you been?

  • alley April 3, 2013

    fine print- rust and potter are business people–thats how they make their money. They took case to make money –plain and simple. they don’t care about any of us. just making money

  • Bored April 3, 2013

    Alley needs to get a life or a new hobby; something, anything. I know, go get a job working in claims administration, then you wil lbe too busy to gripe about this stuff… LMAO

  • Marty April 3, 2013

    Good ol’ boys system at work.

  • moebetter April 4, 2013

    Yippee flipping skippee! Spoke to attorney for consumers today at 12:33 pm central time, attorney’s office is located in San Francisco they are sending to judge today to sign off and release funds, attorney states funds should go out in about 3 weeks. Didn’t know how many claimants but thought everyone might appreciate this update. The man I spoke to was a Mr. Troxel.

  • Scott Hardy April 4, 2013

    EDITOR’S NOTE – Please stay on topic and don’t be crude or rude. Your comment will be deleted (like this one) and you may be banned. Let’s stay positive and HOPE we ALL get paid by the end of MAY!

    Thanks,
    Scott

  • moebetter April 4, 2013

    Whatever Bill. I left a message for the attorney, he called me back and that is what he said. I don’t know if it is true or not I am just letting everyone know what he said. Oh and by the way hold the crudeness on your next post please.

  • Andrea April 4, 2013

    Hey guys! Thanks for all the love!! I have been reading, but not commenting because I just don’t feel like I have anything constructive to add. I think I lost my mojo in that last cocktail. I really hope that we can all see some decent $$$, I have been hopefull about this from day 1. Sorry for all of you nay-sayers who follow this lawsuit incessantly, but I just let be, what I cannot change.

    May your glasses stay full, and your wallets even fuller!!! Cheers, Cheers!!!

  • Scooter April 5, 2013

    Thank you Moe, that seems to be the most promising news yet.

  • SherryinMN April 5, 2013

    I cannot get into the diamondclassaction webpage. Anyone else having that problem this morning?

  • waiting April 5, 2013

    I was able to get into the DeBeers class action website, nothing new posted. Sad it is almost 5 years since the deadline to file a claim and we still haven’t seen a dime nor will we be updated to if all this was worth it or not. And we have to just keep waiting… life goes on; hopefully with a nice surprise before this coming Christmas….

  • Salamandar April 5, 2013

    Please see the Resellers Home Page for more information about the Initial Distribution. The claims administrator is conducting final claim audits, and distribution of settlement funds to other subclasses took Thursday April 4, 2013. Second distribution should take place within next three months. Please visit the website periodically for any further updates.

  • Ro April 5, 2013

    #599 moebetter Thanks for sharing!
    Did you receive any indication when we might find out if the court approved releasing the funds to the consumers? I am assuming the 3-weeks sited is after Rust gets approval?

  • ugh April 5, 2013

    yep. same thing is said last month Sal…

  • Linda Feiges April 6, 2013

    Some of you have said that the “hold up” is because the longer we wait, the more money others will make, which in turn, lowers our money when we finally get it. Does anyone know how to calculate how much we micht expect ? I think it is based on the initial claim.

  • Linda April 6, 2013

    Thanks for all the info.

  • oh boy April 7, 2013

    Linda; it is pro-rated; unless you know someone who works for the claims administration and they are willing to share info, i doubt it is estimable at this point given the numerous variables to each claim. it would be nice to know though, thats for sure.

  • Cisco April 7, 2013

    Moebetter, that sounds like the best news we have had in a long time. Appreciate your sharing with us.

  • moebetter April 8, 2013

    The attorney is supposed to contact me tom+rrow (Monday) to let me know it has been signed off on. I will post when I hear from him to confirm . Then I guess all we can do is hope he is being honest with us

  • honny bobo April 8, 2013

    think of all the money that might be left over from people that have moved and or died or moved over seas gone to jail or what ever

  • Enough is enough April 9, 2013

    Just checked pacer, nothing new!!!!

  • Scooter April 9, 2013

    Moe, did you hear anything? Also, how are Larry and Curly? Thank you.

  • moebetter April 9, 2013

    I did speak to the attorney yesterday and want to confirm accurate date for checks going out but am also waiting to get accurate # of claimants in consumer class to stop speculation. He said should have # today. I will post info as so as I receive it. In any case I have a lot of respect for him in keeping up with his promise to call back. I also expressed my concern for. Rusts poor reputation and that as an auditor I could of audited the entire midwest in the time they had. I almost think he might agree. The number of claimants will tell the tale.

  • Mike April 9, 2013

    #615 moebetter: The total number of claimants would be interesting, and would let us calculate the average amount of the checks they will be sending out, but since we don’t know whether each of our claims is above or below the average, that won’t tell each of us the dollar amount of our check.

    Knowing the total dollars of consumer claims would be better. Assuming that they will pro-rate claims, meaning that everyone will get the same fraction of their original claim, dividing the total award pool by the total of claims would give a percentage. Each of us could multiply that percentage by our original claim to find out how much we will be getting.

    So if you can, please ask the attorney for the total amount of claims in dollars. Not the total purchase value of the diamonds or jewelry, but the total of the net claim amounts.

    Thank you for keeping us informed as to what you find out.

  • InTheKnow April 9, 2013

    EDITOR’S NOTE – Deleted and banned “InTheKnow” as it seems they’re just trying to be difficult. If you post comments in an attempt to mislead our viewers you’ll be deleted and banned.

  • Scooter April 9, 2013

    Only in a lawyers mind is August the “early part of the year”.

  • moebetter April 9, 2013

    So my info differs from what In the know has. The attorney left me a message today that there were a little over 600,000 claims and checks will be printed to send out on June 1,2013. So I don’t know who in the know is speaking to I am speaking to Attorney Brian Troxel in San Francisco. So I hope this helps everyone.

  • bob April 9, 2013

    I JUST READ ON PACER THE PAPERS WERE FILED IN COURT TODAY TO RELEASE THE FUNDS TO CONSUMERS. CHECK IT OUT

  • bob April 9, 2013

    maybe in about 4 weeks if we are lucky we will be cashing the check and be able to go buy a cheeseburger and fries.well maybe at least the cheeseburger

  • Enough is enough April 10, 2013

    #619 is correct I also spoke to the attorney’s assistant this afternoon. Filed order today. Checks should go out June1, 2013.

  • moebetter April 10, 2013

    If the amt is 272.5 mil and you divide it by 600,000 everybody would get 454.00 dollars which is filet not a cheeseburger.

  • YES April 10, 2013

    Thanks MOE!

    It is good to know you found an attorney you was willing not only to respond once, but actually realize the people he will be pasid from and then have him do more than just go to court for us consumers! I would send you a small, well deserved gift if I could!

  • honny bobo April 10, 2013

    that 272.5 mil was what they had 5 years ago what happen to the intrest of 5 years?

  • honny bobo April 10, 2013

    hold on!!
    $135,432,500 for the Consumer Subclass

    $137,067,500 for the Reseller Subclass
    i could be wrong but i think $272.5 mil for the consumer class is wrong i think its more like $135,432,500. so maybe its more like $225.72 but i still wonder how much intrest for 5 years

  • honny bobo April 10, 2013

    The Settlement also appoints retired U.S. District Court Judge Alfred E. Wolin to oversee the process of determining how to divide the $272.5 million Indirect Purchaser fund between members of the Consumer and Reseller Subclasses. Different lawyers represent the interests of the two Subclasses. These lawyers studied many documents and hired separate expert economists to study the diamond market and to help determine a fair allocation of the $272.5 million. The lawyers and the experts presented their findings to Special Master Wolin. Based on this information, the Special Master recommended the following allocation:

    $135,432,500 for the Consumer Subclass

    $137,067,500 for the Reseller Subclass

  • Paul April 10, 2013

    Repeat of my former post:
    #75 Paul 2013-01-15 18:42
    (Here’s a corrected reposting of my previous postings)

    I’ve been following this update for several months. I’ve created an Excel spreadsheet of all the “numbers” (i.e., dollars and claims) that I could find.

    Total settlement: $295,000,000.00 when subdivided into certified classes:
    - Direct Purchaser – $22,500,000.00
    - Indirect Purchaser – $272,500,000.00 when subdivided between Resellers and Consumers:
    – Resellers – $110,806,385.50
    – Consumers – $161,693,614.50

    # Bonafide Resellers Claims: 6,190
    # Bonafide Consumers Claims: (unknown at this time)

  • honny bobo April 10, 2013

    thats about right but what would the intrest be

  • HopeIMWrong April 10, 2013

    Guys and gals. Having been in numerous class action lawsuits regarding equities and various mutual funds over the years, I feel experienced enough to make this statement: You(and I) filled out all the paperwork, waited anxiously hoping for a large check, but what has always happened is I received a small pittance which was frankly insulting.

    Anyway, keep the bar low for you share and you more than likely will not be disappointed.

  • Cisco April 10, 2013

    Moe, thanks for your help. We all owe you a drink or a latte. This is the most accurate info we have received, and I appreciate your help.

    My thoughts on interest. Our government over the past five years has kept interest so low, we are talking about pennies. Don’t expect interest will increase the payout.

  • Scooter April 10, 2013

    Moe (Larry) finds us the cheese. Thank you Moe. Let’s hope this is actually the truth.

  • moebetter April 10, 2013

    Hey guys I really appreciate all the thanks,but we are all in this together and I did it as much for all of you as well as myself. I am persistent and my dad says I am like a blood hound when in search of information and answers. I feel like consumers and taxpayers have gotten screwed enough in the last five years and was simply tired of bs vague answers. Hopefully we will all be reasonably happy with what we receive.

  • BB not the King April 10, 2013

    Hot off of PACER. total to be distributed $107,929,082.45 Eligible Claims 551.909 average claim to be paid $180.75. Highest value of claim filed was by State Farm with no amount listed.

  • Adam April 10, 2013

    Thanks for the update Moebetter.

    I’m liking the sound of this. The average claim will be for $180. So the way I think… What is the average amount spent on diamonds? $4500-5500 is my best estimate.

    That means we will get $180 for every $4500-5500(my estimate) spent.

  • Ro April 10, 2013

    MoeBetter, have you heard what the average approved claim is? That would be great to know.
    Also wondering how many claims $10,000+ & $25,000+. Size of claims would have an affect, would it not?
    I do feel like the info you gathered has validity.

  • Ro April 10, 2013

    If these numbers are correct, does that mean close to sixty million went to attorneys and expenses.? Is that the way itt’s calculated?

  • BB not the King April 10, 2013

    There is a complete accounting as exibit B of the Declaration of the Claims Administration. Attorney Fees $70,852,339.82 Rust 3,142,200.54 Taxes 13,562,422.29. that’s the highlights. Interesting number, total recognized Claim Amount for consumer $2,016,260,349.27

  • Adam April 10, 2013

    Interesting number, total recognized Claim Amount for consumer $2,016,260,349. 27

    So is this the retail value the consumers paid for the items?

    If so that would put the average purchase at $3600. Which means, if you ignore the type of jewelry, you should get $180 per every $3600 spent.

    Stones only people will get more, mixed stones less.

  • moebetter April 10, 2013

    Not sure if I understand what I was just told but I was told to calculate off of schedule as to how u will be pd. So like diamonds only under 5400 will be pd at 32 percent. Now I won’t swear by this because I just took it off voicemail. So if that is the case I would say there was fewer claims than anticipated. Again I am not sure I understood this correctly.

  • Adam April 10, 2013

    moebetter

    Yes. If you could go off the schedule it would be more accurate, I did some quick math that tells me we’ll get roughly 5% of the scheduled amount. (Total claims/distribution=.05 or 5%) But I cannot say I had much time thinking the calculation through or checking the math. Someone can correct me if I’m wrong.

    Mixed Stones Jewelry Less than $200 6% of the retail price
    Mixed Stones Jewelry $200 or more 14.5% of the retail price
    Diamonds Only Jewelry Less than $200 10.5% of the retail price
    Diamonds Only Jewelry $200 – $999 27.5% of the retail price
    Diamonds Only Jewelry $1,000 – $5,499 32% of the retail price
    Diamonds Only Jewelry $5,500 – $9,999 38.5% of the retail price
    Diamonds Only Jewelry $10,00 0 or more 45% of the retail price
    Loose Diamonds Any and all 59% of the retail price

    If my math is correct and I receive between $700 and $1200, then I will be very happy.

  • bud wiser April 10, 2013

    Total recognized Claim Amount for consumer $2,016,260,349. 27, and total to be distributed $107,929,082.45 implies approx. 5% of your claim per the schedule.

  • BB not the King April 10, 2013

    The problem with trying to calculate any claim payout is the number of large claimants such as State Farm. They and other insurers will have large claim amounts for high percentage items. Also, it is not known how many high value claims were submitted by individuals. Its all a guessing game until the checks arrive.

  • bud wiser April 10, 2013

    BBntK,
    I believe the recognized claim amount, the total funds to be paid, and the payment schedule should be enough to figure each award. How might a large claimant affect that, unless they prorated differently for large amounts? And State Farm…what, did they own claim rights for losses they covered?

  • Mike April 10, 2013

    bud wiser, I agree, your numbers in #642 plus the percentages in #641 plus each of our individual claim amounts should be enough to let us calculate what we will get.

    In my case, I spent $18,269.10 on a loose diamond, so my claim was 59% of that, or $10,778.77. Assuming they go according to the numbers in #642, they will pay out about 5.353% of each claim ($107,929,082.45 divided by $2,016,260,349.27), so my check should be $576.98 ($10,778.77 times 5.353%). If they divide it a bit differently because of not sending out checks under $10.00, it could be a bit more than that.

    Not a fortune, but it will certainly be welcome, especially since I didn’t do much to get it.

    If and when the check actually arrives, I’ll let you know how close it is to that number.

  • bob April 11, 2013

    LIKE I SAID MOST PEOPLE WILL BE LUCKY IF ITS ENOUGH FOR A CHEESE BURGER

  • Adam April 11, 2013

    @#646 Bob

    I’ll take the Kobe burger with truffles and caviar. Actually, give me two.

  • Ro April 11, 2013

    Instead of my “feet up” I think my head will be under the table after I drink the case of wine I just got. I was holding out hope that I would get close to the 45% “Diamond only”
    jewelry…Looking at your speculations…..I got a little sick. I rounded down my claim to $25,000. I am understanding you all are calculating that we will get 5%…that’s like $1250.00. Oh my if this is correct, I will preach to myself….”it is what it is” and get on with life.

  • Adam April 11, 2013

    @Ro

    If you spent $25,000, your claim amount will be (.45 * $25,000) or $11,250. You then take 5% of this number. So you should see $562.

    I’ll let you decide whether that is good or bad.

  • moebetter April 11, 2013

    Personally when you look at all the money everyone else got and see what the consumer is going to get considering the jeweler passed on their cost to us and we are kind of getting shafted in the settlement. Would of be great until you cut it to the 5 percent.

  • WaitingInMN April 11, 2013

    Sure seems as if De Beers got off cheap. I am still ticked off that they let people claim for an additional five years. If they would have paid promptly they would have gotten nothing.

  • Scooter April 12, 2013

    As always. The little guy gets screwed. Sad times in America for sure. The rich get richer. The poor are weak. There is no justice. For if we are to have justice, we must be strong. Without justice, we are nothing.

  • R A April 12, 2013

    The resellers cried they paid more, lost more and sold for less, so the consumers got ruled a smaller percentage; and yeah, extending accepting claims after the deadline is BS, but nothing we can do other than be p1ss3d about it all sadly. I agree with the rich get rich, the poor get F’DUTA harder … And WhyTF does state farm get to make a claim in consumers???? they give diamonds as gifts to clients???? I have held a state farm policy for over 20 years they never bought me a diamond nor diamond dust…..

  • Ro April 12, 2013

    #649 Adam That is extreeeeeeemly disssssapppointng!
    Not worth the wait….for me…

  • michael April 12, 2013

    I want a class action lawsuit against the attorneys handling this case…anyone want to take this on?

  • bob April 12, 2013

    most of these class action gets you no more than a $5 or $10 check that you have to wait 5 or 6 years to get or you end up getting nothing.I would think if the people who the lawsuit is about get nothing then the lawyers who files these suits should also get nothing.

  • Linda April 13, 2013

    this has gone on so very long time. This will be a letdown if we only get a few dollars. send us the checks and put us out of our misery.

  • Linda April 13, 2013

    when i first submitted my claim, i was told we would get 17 % of our claim.

  • Adam April 13, 2013

    To each his own. I’ll be very happy if I get 5% of the claim value. I was never under the impression we would get 45% of our purchase price. I’ve kept my expectations tempered.

    I have been involved in a few securities class actions before and typically the check isn’t enough to justify the trip to the bank.

  • John Green April 13, 2013

    I think Moe has it close. I really appreciate your tenacity to search for the payouts. Your diligence may be close to accurate. If I still had my business, I would hire you to get a job done. Thanks man.

    I spent a little over $20,000. I had several smaller items, but my big purchase was about $18K. If I come out of this with several hundred dollars, I guess I will be happy. In the beginning I was trying to understand their process. Some days I thought I might get several thousand dollars, then on another day, I would think perhaps I might get between $50 and $100. Very confusing, but I think now that Moe is close
    At least we are close now.

  • honny bobo April 14, 2013

    yeah lol she does search for the payouts

  • R A April 14, 2013

    This info is all fine a dandy; I would like them to actually update the website site with WHEN the checks will be issued. I know Rust said “Plaintiffs’ counsel is in the process of determining the final distributable amount. Once that is provided to Rust, we will finalize the calculations and submit a declaration to the Court for approval. Subsequent to that approval, Rust will print and mail checks, likely within approximately three weeks.” So that means since all that was done on 4/9/13 , then checks should be issued on the 30th?

  • honny bobo April 14, 2013

    in your dreams lmao

  • Not Much April 15, 2013

    From http://www.mysettlementclaims.com/blog/?p=1345

    As part of the Motion, Amy Lake, a Senior Project Administrator with the Settlement Administrator, filed a Declaration Regarding the Claims Administration Process and Allocation and Distribution of the Consumer Settlement Fund. In her Declaration, Ms. Lake states that as of September 19, 2012, the Settlement Administrator had mailed Notice Packets to 42,504 potential Indirect Purchaser Consumer Subclass members. Further, the Settlement Administrator received and processed 537,657 online claims and 68,387 paper claims from potential Indirect Purchaser Consumer Subclass members.

    From the paper claims, the Settlement Administrator determined that the claims were deficient if they a) contained incomplete purchase information or did not contain purchase information; b) were not completed on the Indirect Purchaser Consumer Subclass Corrected Consumer Proof of Claim and Release; c) did not provide proof of purchase for any jewelry item that cost $10,000 or more; d) provided proof of purchase that was illegible; e) were missing a signature; and/or f) provided purchases that were outside the Class Period.

    From the internet submitted claims, the Settlement Administrator determined that the claims were deficient if they a) did not provide proof of purchase for any jewelry item that cost $10,000 or more; b) provided proof of purchase that was illegible; and/or c) provided purchases that were outside the Class Period.

    The Settlement Administrator sent 39,888 letters via mail and 18,415 via email, advising these claimants their claims were deficient and allowing between 15 and 30 days to respond and cure the deficiencies.

    The $295 million Settlement Fund was allocated as follows: a) $272.5 million to the Indirect Purchaser Class Settlement Fund with 50.3% ($137,067,500) of the total to the Indirect Purchaser Reseller Subclass Settlement Fund and 49.7%($135,432,500) of the total to the Indirect Purchaser Consumer Subclass Settlement Fund before deduction of taxes, attorneys’ fees and expenses, incentive awards to named plaintiffs, costs of administration, and any other amounts approved by the Court; and b) $22.5 million to the Direct Purchaser Class Settlement Fund before deduction of taxes, attorneys’ fees and expenses, incentive awards to named plaintiffs, costs of administration, and any other amounts approved by the Court.

    The $135,432,500 Indirect Purchaser Consumer Subclass Settlement Fund grew to $153,251,075.85 due to accruing interest.

    However, $44,523,927.08 has already been deducted from the fund for the costs of administering the settlement – including $2,324,564.76 in payments to the Settlement Administrator and $35,213,612.89 in attorneys’ fees.

    Taking into account the estimated fees to still be paid, the net balance in the Consumer Subclass Settlement Fund as of February 28, 2013 is $107,929,082.45.

    The Settlement Administrator determined that 551,909 claimants were eligible to receive a distribution from the Consumer Subclass Settlement Fund. However, the sum of the Recognized Claim Amounts for all Authorized Consumer Claimants is $2,016,260,349.27. Thus, each eligible award will be reduced pro rata.

    The Settlement Administrator calculates the average award at $180.75, excluding outliers.

    54,135 claims were determined to be ineligible by the Settlement Administrator.

    22,951 claimants’ total payments are below the $10 threshold and are therefore not entitled to receive a payment. Those claimants will receive notice from the Settlement Administrator.

    5820 claims were postmarked after the May 2008 deadline but they only represent less than 1% of the total claims on file and, therefore, the effect on timely claims is not significant. Class Counsel has asked the Court to treat these late claims as valid.

  • moebetter April 15, 2013

    So Not Much #664 is the 551,909 include claims under $10 and claims that did not submit enough infomation?

  • montana April 15, 2013

    Does that mean that State Farm and other insurance companies will only receive $180 as well?

  • Chris April 15, 2013

    Some calculations here are incorrect. The 2 billion in total claims will be divided by the percentage to be paid out. If you use the 32% for diamonds around 5k as an average, this leaves 640 million in returned funds. If the total amount to pay out is just over 100 million, I would estimate about 1/6th of it to be received. Example, a 5K diamond would return $1,600 if the full claim was allowed. With the 1/6th factor, that amount comes down to about $265. The wildcard will be the spread of the claim percentages.

  • Bob April 15, 2013

    @Chris,

    The Settlement Notice (https://diamondsclassaction.com/pdfs/Consumer-ResellerNotice.pdf) has a table on page 11 which allows you to convert from purchase price to “Recognized Claim.” Then, based on what’s below, it looks like the proration from “Recognized Claim” to actual payout will be about 5.35% ($108 million paid out, $2.02 billion in Recognized Claims). So, for someone who bought loose stones, they’ll be getting about 3.2% of their purchase price back. The percentage is lower for all other types.

  • Bob April 15, 2013

    @Montana

    “Does that mean that State Farm and other insurance companies will only receive $180 as well?”

    Presumably, a lot more, since their claim was higher. It’s not a “$ per head” distribution, it’s a “% of claim” distribution.

  • montana April 15, 2013

    From post #664

    “The Settlement Administrator calculates the average award at $180.75, excluding outliers”

    So where are we at????

  • Ro April 15, 2013

    I’ve never been a greedy/selfish person, but, I’m not sure how I feel about the statemet below from #664 Not Much’s post….especially since many of us are going to be disappointed….. If the calculations are right….although they do keep changing somewhat. Doesn’t it depend on how large the 5520 claims are?

    “5820 claims were postmarked after the May 2008 deadline but they only represent less than 1% of the total claims on file and, therefore, the effect on timely claims is not significant. Class Counsel has asked the Court to treat these late claims as valid.”

  • about time April 15, 2013

    RO, it says in those court papers that they set aside some 18,000.00 to cover those claims I thought….the amount of the late claims disbursements total $114,891.38 and was less than 1% of the total claims so they honored em since it wouldnt make much of a difference to any one person I guess… Post # 664 is simply cut and pasted info from the actual court papers from what I see when comparing them.

    As for State farm, I would guess they had no eligible claim as they were not consumer purchasers, but merely paid out on loss or theft of insured diamonds, but who knows for sure other than rust…

  • about time April 15, 2013

    bah it didn’t delete the first sentence like I told it to do… post should have read

    Ro, the amount of the late claims disbursements total $114,891.38 and was less than 1% of the total claims so they honored em since it wouldnt make much of a difference to any one person I guess… Post # 664 is simply cut and pasted info from the actual court papers from what I see when comparing them.

    As for State farm, I would guess they had no eligible claim as they were not consumer purchasers, but merely paid out on loss or theft of insured diamonds, but who knows for sure other than rust…

  • about time April 15, 2013

    Moe, no, this is the break down: (the de minimum claims sre teh ones under the minimum)

    EXHIBIT A
    Total
    Eligible Claims 551,909
    Total Eligible Claims 551,909
    Ineligible Claims
    A. Duplicate claims 30,578
    B. Deficient claims 350
    C. Withdrawn claims 168
    D. Reseller Claims 86
    E. Direct Purchaser Claims 2
    F. De minimis Claims 22,951
    Total Ineligible Claims 54,135
    Total Claim Forms Submitted 606,044

  • Cailly Sighs April 15, 2013

    “18. Included in the Eligible Claims Summary are 5,820 claims with Recognized Claim Amounts claimed of $22,054,053.89, whose claims were postmarked after the May 19, 2008 “postmarked on or before” filing deadline, but which otherwise would be eligible to receive a distribution (“Late Claims”). Of these Late Claims, 5,718 were filed prior to November 2008 (representing Recognized Claim Amounts of $21,725,214.35, 76 were filed during November 2008 to August 2011 (representing Recognized Claim Amounts of $328,839.54), and 26 were filed after August 2011 (the total purchase amount for these 26 claims is $255,314.19, which represent an approximate Recognized Claim Amount of $114,891.38). The late claims represent approximately 1% of the total claims file and therefore, the effect on timely claims is not significant. No additional claim forms have been received after March 1, 2013.”

  • WaitingInMN April 16, 2013

    I still don’t understand how State Farm can be listed as a consumer. If they paid a claim on a loss that is a risk they take for accepting the premium from the consumer. Their claim documentation should be part of the public record.

  • about time April 16, 2013

    Well, their claim was set-aside anyhow so it is mote; but yeah, if they got or get paid, it would be interesting to see why.

  • BB not the King April 16, 2013

    As to State Farm and any other insurance company. They seldom pay claims on jewelry as cash settlements. They will replace the loss with like quality or better. They go into the market and buy the merchandise just as any other consumer would except with their buying power they will receive a deep discount which an individual would not. Probably as much as 50 to 70 percent.

  • honny bobo April 17, 2013

    its been almost 5 years and still nobody knows if there claim has even been approved! think about it when the checks do come out there might be a lot of denial letters going out too

  • about time April 17, 2013

    Some, but not a lot compared to total claims submitted
    (Total Claim Forms Submitted 606,044, Total Ineligible Claims 54,135)

  • Cailly Sighs April 17, 2013

    yeah, and some of those deemed ineligible already got funds through resellers claims and others filed duplicate claims and such. Those documents filed say they already did the provide proof (if needed) part so I guess it is wait and C if when a letter arrives, if it is good or bad

  • Scooter April 17, 2013

    Intereting. Rust is also doing the Independent Foreclosure Review processing and word is the checks are bouncing (you can see it on the forums today). Perhaps the US Attorney General should be investigating Rust Consulting. Sounds like they are committing fraud.

  • no hope April 17, 2013

    Press Release

    Release Date: April 17, 2013

    For immediate release
    The paying agent for checks being sent to borrowers under the Independent Foreclosure Review has assured the Federal Reserve Board that early problems with some checks have been corrected and that funds are available to cash all checks.

    Some early recipients of checks informed the Federal Reserve’s consumer helpline on Tuesday that they were told their checks could not be cashed. Members of the Board staff contacted the paying agent, Rust Consulting, Inc., and the paying bank, The Huntington National Bank. Rust subsequently corrected problems that led to some checks being rejected.

    The Board will continue to monitor the payments closely and encourages borrowers who have concerns or experience difficulties cashing their checks to call Rust at 1-888-952-9105.

    As previously announced, on April 12, payments began to 4.2 million borrowers following an agreement reached by federal bank regulatory agencies and 13 mortgage servicers. More than 50,000 people have already cashed or deposited checks.

    For media inquiries, call 202-452-2955

  • Scooter April 18, 2013

    @ No Hope, why would one call Rust? they are the corrupt party in this? Very confused.

  • no hope April 18, 2013

    That is just what teh press release said on that site, not me

  • no hope April 18, 2013

    anyways, this board isn’t about that matter anyhow, but I get how you were dishing Rust; I was just showing how the problem you pointed out was corrected was all.

  • lynn timmins April 18, 2013

    I have notified this company on numerous occasions and still have not received my settlement. Who is receiving the interest on the money that is not issued out and why is not all the money settlement issued out? I have notified them several times and given four dates. Who do I notify now? It is not like my settlement claim was a small one.

  • honny bobo April 18, 2013

    lynn you might be one of the ones that get a denial letter after waiting all these years lol

  • no hope April 19, 2013

    Lynn, they just filed witht eh court to disburse; now we have to wait for the claims administrator to do its job. Did you read the zillions of posts here? They do give a lot of info, once you weed out the babbling… HA ha ha..

    anyhow

    The schedule that was given with the claim form and settlement info? you can expect 5.353% of that amount due to pro rata. Had the attorneys pushed for a fair amount = to consumer claims, they should have made De Beers settle for at least 5 Billion, , leaving consumers with at least 2.35 Billion, THEN you would receive the amount as per the claim schedule, but they didn’t, so you wont. Plan on 5.353% percent of what the claim schedule said, unless that equals $10 or less as in that case, you wont see a dime….

  • honny bobo April 19, 2013

    ahhh!! now you made poor lynn cry lol the claim schedule means nothing if you are denied and if lynns claim was a big one as she says ( “It is not like my settlement claim was a small one.”) and she didnt send in all of her proof of purchase with her claims she could be a very unhappy camper but lets hope every one gets there share

  • no hope April 19, 2013

    there share…

    that makes no sense: did you mean their share?

    either way no one will get their FAIR share, other than those already paid ( resellers & such ) or those working on the case, like lawyers and such….

  • no hope April 19, 2013

    and lynn, the amount to be divided among all consumer claimants does include interest…

    “Consumers did get interest; $17,739,522.11 in interest….

    RECEIPTS TOTAL CONSUMER RESELLER
    SETTLEMENT DEPOSIT 295,000,000.00 146,615,000.00 148,385,000.00
    TRANSFER TO DIRECT ACCOUNT (22,500,000.00) (11,182,500.00) (11,317,500.00)
    INTEREST 35,693,203.45 17,739,522.11 17,953,681.34
    TRANSFERS IN – PRIOR TO 2013 159,061.85 79,053.74 80,008.11
    TRANSFERS IN – 2013 1,664.00 827.01 836.99
    TOTAL RECEIPTS 308,352,265.30 153,251,075.85 155,101,189.45″

  • honny bobo April 19, 2013

    HAVE A BURGER AND SMILE NO HOPE!!!!

  • Rick the Lucky April 19, 2013

    So what form do I need to send in to get an extra pickle on my cheeseburger? Will I need to split the pickle with any of the 604,044 others that may have turned in a claim to get a slice of that pickle? Will their be an attorney fee for a certain portion of that pickle? Will Rust form all over my pickle? Hell, just give it to me plain!

  • Rick the Lucky April 19, 2013

    In case I get “stopped” by the grammar police; THERE be an attorney (sorry Hope)

  • Sandra B Lewis April 19, 2013

    Any amount less than 25% of what you paid for your your diamonds is not enough. Especially in light of what the retailers and lawyers got. This kind of greed is exactly what is wrong with our American economy today. The little guy gets screwed and the big guys get richer. Ask President Obama if he thinks this is fair!

  • NO HOPE April 19, 2013

    Rick, there are only Total Eligible Claims 551,909 chasing for a share of the slice of pickle LOL

    bo bo, I don’t eat burgers, I am a veggie

    Sandra, it is the lawyers fault; they were overly greedy and agreed to enough to make them all wealthy and line the pockets of the “resellers” but not enough to pay back the american consumer so yep, exactly part of the problem with our economy, the rich get richer while telling us “oh well, just buy on credit ( at our enormous interest rates)…

  • NO HOPE April 19, 2013

    and yeah, it drives me nuts when there, their and they’re are switched up. I have a hard time thinking as it is; don’t make my brain cramp up ;) ;) ;)

  • bud wiser April 20, 2013

    grammar: the difference between knowing your shit and knowing you’re shit.

  • NO HOPE April 20, 2013

    so true LOL

    On a different note: wouldn’t it be nice if the Claims Administrator updated the class action web site with a date of disbursement? They were quick to say when resellers could expect a check yet they leave us hanging. And they told the BBB “Plaintiffs’ counsel is in the process of determining the final distributable amount. Once that is provided to Rust, we will finalize the calculations and submit a declaration to the Court for approval. Subsequent to that approval, Rust will print and mail checks, likely within approximately three weeks.” Them taking the time to update the web site and telling the people who provide their paychecks something would be nice (cos if not for the consumers, they would not get paid so much, so often when it ll boils down to it…) le sigh

  • Andrea April 20, 2013

    You guys are KILLING me over here!!!! Its like one repeat after another.

    How anyone can “estimate” what anyone will get is insane. I appreciate your math skills, boys but in the end…..I think we will all make out a little better than what you people are claiming. Lets hope. Oh!!! That hope and change thing again…..hows that all working out for you? Anyways…..all of your bantering back and for has caused me to yet again, pour myself another martini and watch what else gets been posted.

    THIS is why I have not been back, Ro, Bud and all of my loyal fans!!! Take care…I’ll catch you on another forum for lawsuit reimbursement!!

  • Judy April 21, 2013

    (like she was ever or ever will be missed…)

    Kidding of course and yep, til it happens and when it will happen, no one knows but Rust and they have buttoned, zippered and deadlocked and thrown away the key.

  • Rick the Lucky April 21, 2013

    As my 12 year old says, “Hey Andrea, Mad Bro”? :)

  • Rick the Lucky April 21, 2013

    Ooops….?”….sorry. I really did make it past 6th grade. :) Just give me my diamond money, er my diamond money that I gave my ex-wive back in the day. It was kind of amazing when I put in this claim. Others I spoke with said it was a useless effort. Will I be getting the last laugh? My claim was only for about 3500.00. I could have claimed more, just did not remember how muchmore I spent in that decade of drunken/stupor state. Did not want that Karma chick ruining a good thing. God Bless you all. She/He blesses me everyday. Pray for Waco/Boston.

  • sad April 22, 2013

    Rick, at a claim of 3500, I am sorry but you might be one of those whose claims is DeMinis (at $10.00 or under) after the pro rata accounting kicked in… but who knows, you might get 70 bucks.. it depends on what percentage the item(s) you claimed were at on the scale they calculate who gets what from.

  • le sigh April 22, 2013

    if you go to https://diamondsclassaction.com/pdfs/447-1.pdf and read you see that the documents accounts for all costs of mailing disbursements…, in fact, it makes it seem they are already printed, stamped and ready to go or were so… yet my mail back has nothting yet even though I know I have a valid claim BUT I sure as Heck wont be writing ot emailing htem given the amount they get paid per hour as listed in that court document. Really $50.00 an hour to be a CSR???

    STANDARD HOURLY RATES (Subject to Change)
    Vice President $237-305
    Senior Project Administrator $185-195
    Project Manager $85-158
    Technical Consultant $117-225
    Call Center/Processing Manager $158
    Call Center/Processing Supervisor $90
    Customer Service Representative (CSR) $50
    Processor $52
    Other $50-195

    we are all in the wrong line of work….

  • Ro April 22, 2013

    #706 le sigh Very imformative! Thanks for the web address:
    https://diamondsclassaction.com/pdfs/447-1.pdf

    I got excited for about a second. Don’t go rushing to the mail box. The checks have not been mailed. Holding for a good reason….right??????

  • Mike April 22, 2013

    #706 le sigh: For any business to stay in business, the money an employee brings in has to be more than that employee is paid. This extra has to cover office space, office equipment, benefits, HR and other personnel overhead, and other misc. expenses. The rule of thumb I have heard is about 3x. So if Rust is charging $52 per hour for a CSR, they are probably paying that CSR about $17 per hour. Much more in line with what that kind of position would be paid elsewhere.

  • Andrea April 23, 2013

    Dear Judy and Rick;

    Hate to break it to you but…..I don’t see EITHER of YOU in prior posts asking where YOU have been? So yeah….I WAS missed and I enjoyed every minute of it.

    No…..Ricky….I’ve never been mad, I don’t seem to recall any of my prior posts coming off as such. More of a comedy posting than anything. Just sitting back waiting. Letting all of you haters work the front lines…..

    I miss Bud, Ro, Judy, Rick, Ally, Jim Beam, Vince, and Ya and anyone else I forgot who provided some entertainment for a few nights. I will personally buy all of you a cocktail as soon as we get paid out!!!

    Im sorry I haven’t been of much use these days since I can’t send pictures, but Im sure you’ll be ok! I hope everyone gets much more than they anticipated out of this silly, drawn out thread…..and can at least pay off a few bills along the way.

    Haters….Hmmmmfff….never ceases to amaze me…..Please try not to pass that nasty trait along to your children.

  • Ya April 23, 2013

    keeping the conversation lively, that is for sure….

    It will be interesting if Rust stands by their response to the BBB complaint and issues the checks in 3 weeks or so after those papers were filed and signed….

  • Ya April 23, 2013

    So

  • Ya April 23, 2013

    Mike, you’re implying Rust falsified court documents and supplied false supporting documents? ( check stubs, check registers, etc; and has a second set of books? Cos saying someone only pays a CSR $17 and hour then they submit to the court proof of $50 an hour… well, I wouldn;t want to be that accuser if I didn’t have valid proof of such but no worries.

  • alley April 23, 2013

    It’s always nice to hear from you Andrea. If w