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De Beers Diamond Class Action Lawsuit Settlement Update
By Kimberly Mirando
We reported in December 2011 that a settlement in the De Beers diamond class action lawsuit had been approved, but it appears claimants may have to wait even longer as the challenges and appeals that have plagued the case for years continue to play out.
The De Beers diamond settlement is a huge class action lawsuit that will pay out hundreds of millions of dollars to consumers who purchased loose diamonds or jewelry and jewelry store owners who were affected by an alleged DeBeers monopoly, and who filed claims May 19, 2008. (You can read more about the De Beers diamond class action lawsuit settlement here.)
The Supreme Court’s denial of the first petition means that the previous decision by the Third Circuit Court of Appeals to deny the Class Members’ objections to the De Beers diamond settlement will be reinstated.
No information was given on when the Supreme Court will rule on the second appeal, but payment of claims will likely be delayed until the Court acts on the second, and final (as far as we know,) appeal.
Updated May 24th, 2012
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78 thoughts onDe Beers Diamond Class Action Lawsuit Settlement Update
all these people that’s so call been paid i don’t think they are in the class action.this order was handed down may 3,checks should start mid aug. or sept,2012
Today, 06/06, just spoke with the 800# and she assured me that there have been absolutely NO PAYMENTS made. She was able to provide me with my claim# and all of the information regarding my claim including pieces of jewelry that I claimed and the amounts.
No checks have been sent. I just received an email stating that the administrator received my change of address notification. Does anyone know the number of approved claims by class?
hi chump change and how many claims forms did you do for $72,000 this is not POSSIBLE? no checks has gone out.
Mika. If the Supreme Court just denied the final appeal on May 21st it’s highly unlikely that you could have received any payment on this class action..not.impossible, but unlikely….
According to Debeers Website… Yesterday the Supreme Court Denied the final appeal…. Now they have to finish reviewing the claims, and the website states checks should be in a “few months”
Stop worrying everyone, I received check for $14.88 yesterday by standard mail. What a joke, this was on 3 claims totaling over $72,000 in diamonds.
In retrospect, it wasn’t worth my time filling out and copying paperwork for this paltry sum.
JJ, I GOT PAID, AND I WILL REPEAT I GOT PAID.(chump change though)
Everyone that’s saying they have gotten paid from the Debeers lawsuit is lying. NO ONE AND I WILL REPEAT NO ONE HAS BEEN PAID1
here’s a helpful article: http://www.jckonline.com/blogs/cutting-remarks/2012/05/11/de-beers-antitrust-class-action-settlement-almost-home
Angela, Was the envelope that your received your check in clearly marked? What was the returnn address shown? Did it say something like DeBeers Class Action Settlement….etc? Please and thank you!