Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
Update: De Beers Diamond Settlement Checks for Consumers Close
By Sarah Pierce
Top 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.
Updated December 6th, 2012
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
Top Class Actions Legal Statement
1,230 thoughts onUpdate: DeBeers Diamond Settlement Checks for Consumers Close
#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.
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
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
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.
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?
Andrea-consumer page section 19 says no one will get more than the claim so stop thinking your getting more.
Does anyone know the number of claimants in the consumer group?
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.
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.
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.