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De Beers Diamond Class Action Lawsuit Settlement Approved
By Scott Hardy
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The De Beers diamond class action lawsuit has been hotly contested and delayed by challenges, appeals and extensive litigation but it has finally been approved. We received word about this, not from the attorneys working the case, but from Top Class Actions viewer Mary S. who noticed the change on the Settlement Administrator’s website. Remember, you the viewer, help make Top Class Actions what it is by your comments on our lawsuit pages, the claims you submit to settlement administrators, and the lawsuit information you submit to us.Â
Item |
 Purchase Price |
Recognized Claim Percentage |
|
Mixed Stones Jewelry
Mixed Stones Jewelry
Diamonds Only Jewelry
Diamonds Only Jewelry
Diamonds Only Jewelry
Diamonds Only Jewelry
Diamonds Only Jewelry
Loose Diamonds
|
Less than $200
$200 or more
Less than $200
$200 – $999
$1,000 – $5,499
$5,500 – $9,999
$10,000 or more
Any and AllÂ
|
6% of the retail price
14.5% of the retail price
10.5% of the retail price
27.5% of the retail price
32% of the retail price
38.5% of the retail price
45% of the retail price
59% of the retail price  |
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Updated December 22nd, 2011
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64 thoughts onDe Beers Diamond Class Action Lawsuit Settlement Approved
patiently awaiting my cash/check. hopefully the funds will come in soon. desperate times over here. not much left to sell …..
i was just e-mailed, no date for checks or amounts as of now. told the same deal to check update. a major rip off i think
Nice! We need a class action suit, for the class action suit. Maybe even a third, because the first two were so slow!
Does anyone know the court (or name of the judge) that is overseeing the process? It would be the court in which the original decision was made (not the Appeals Court or the SC)?
I would think that if they received dozens of email complaints (enough to clog their email account) that there has been no updates or issuance of checks, that the court would demand that the attorneys do a better job. The attorneys can ignore us, but they ignore the courts at their peril.
If someone could post that info, I will gladly launch a complaint.
Mary, if no settlement checks are cut forthwith, then after any potential small claims action is filed, the Defendants will need to respond to the lawsuit. And if they do not respond to the lawsuit, the court will rule in favor of the Small Claims Plaintiff with a Default Judgment. Then we get interest at the state statutory rate for any unpaid judgment balance thereafter.
Beverly, I could not agree more! Except how do you get any information from anyone! I’ve called and get the same old message that everyone else gets, I’ve emailed the settlement people and get the same old standard message, in a few months, blah, blah, blah………. It’s getting to the point of driving to Minnesota and showing up at their offices!!
Since the U.S. Supreme Court denied the final petition for this action on May 21, 2012, it has now been more than six months that damages have been due to claimants. We all know that if an individual owes money to a creditor, such as a bank for a credit card balance, and if that person makes NO effort to make any payment or make payment arrangement within six months, the creditor could arguably pursue a legal remedy, including a small claims action for the amount owed. I will be patient for approx one more week, but then I request court jurisdiction information since I am considering all of my own legal remedies, including small claims. It is time for the Defendants to cut the checks and send them to ALL claimants.
It seems that none of us consumers have gotten paid yet. This has been a very long ordeal, and the time element alone is on the side of those writing the checks. Think of the number of people who have either passed away, moved, given up the fight, or had their lives impacted in some particular way that would hinder their receipt of these funds. I’m thinking that given the fact there has been some movement on this and we’re still sitting on our hands, maybe the media would find this ordeal interesting enough to probe, pick and dig into to find out what the delay is with the consumer $$$.
Has ANYONE received their check yet???? The last update was August 31st!! I have emailed 2x and haven’t received any response! Says dealers were paid…..how about us consumers??? In this economy we are in, I’m sure I am not alone in saying a check would really be helpful!!!
I email them last week and I received an email saying veiw the website sight for up date, no checks have been issued.