Comments on: De Beers Diamond Settlement Explained

By: shell

shell — Sat, 10 Oct 2009 02:05:58 +0000

when can we expect to get payment

By: Luis

Luis — Sun, 05 Apr 2009 16:23:48 +0000

Diane,

I was able to locate the info. Best method, send email, you will get a reply within 2 days, the most!

Good Luck!

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

Email: Administrator@diamondsclassaction.com
Tel: 1-800-760-5431 or if you are calling from overseas (612)-359-2002

By: Luis

Luis — Sun, 05 Apr 2009 15:48:22 +0000

I recently sent an email to the Settlement Administrator, for a status update on the settlement, and was advised that nothing has been resolved. This was three months ago. I don’t have the email address, because my computer died, and I lost everything, as well as the Administrator email address. My filing was for over $70k in purchases. I have just read, that the maximum will be $640.00. Is this correct, did they change pay out amounts! Because I was not aware of this, and I have documentation that says otherwise. According to my documentation, it reads,
Consumer Diamond Product Table:
Dimonds only jewlery –
1) $200-$999 payment claim will be 27.5% of the retail price.
2) $1k-$5,499. @ 32% of the retail price.
3) $5,500.-$9,999 @ 38.5% of the retail price.
4) $10k or more @ 45% of the retail price.
5) Loose Diamonds any and all will be paid @ 59% of the retail price.

Please advise. Feel free to email me. I will search for the Administrator’s Email Address through my printed documentation. I saved everything on hard copy.

By: diane

diane — Fri, 09 Jan 2009 04:24:32 +0000

Does anyone know how to check on the status of a claim if one was submitted ? If so please let me know. Thanks!

By: Vickie

Vickie — Fri, 19 Dec 2008 17:41:12 +0000

Did anyone ever see a check after filing their claim? I haven’t, and my claim was nothing to sneeze at!

By: Ken

Ken — Sun, 13 Jul 2008 19:42:17 +0000

This is interesting. There are two groups in this claim action. The final consumer and the middle man buyers. The middle man buyers pass on their expenses to the final buyer, but they get a piece of the claim and at a higher percentage and greater dollar value than the consumer. The final buyer gets a smaller percentage and is limited in total dollar value. Once again, our justice system looking out for the citizen.

By: thehungrydollar.com

thehungrydollar.com — Sun, 17 Feb 2008 15:52:02 +0000

That’s amazing! We all knew they were cornering the market, but I never would have thought they would actually be held responsible.

By: Tim

Tim — Sun, 17 Feb 2008 15:29:32 +0000

i should be in for a good pay off over the next year with the foreign transaction fee class action, the debeers class action, and konica/minolta class action.

By: Kirk

Kirk — Sat, 16 Feb 2008 05:12:36 +0000

Along the lines of adfecto, I have a friend who got an “insider” tour of the Kremlin and other Russian buildings. He was taken to a vault (no, not one of Stalin’s) that contained thousands of diamonds. His Russian guide told him that De Beers was paying Russia to vault the diamonds, rather than sell them on the open market.

These guys are dirty.

By: Dave

Dave — Sat, 16 Feb 2008 00:09:01 +0000

Definately worth my time – I spent 2 minutes filling out the forms, and even if I get 10 bucks back, its still better than nothing.

By: adfecto

adfecto — Fri, 15 Feb 2008 21:38:11 +0000

There are diamonds in rings I have bought from my wife. This was before I saw Blood Diamond and then read a few books about the diamond trade.

It is a dirty dirty business cooked up my some very talented marketers who have convinced us that diamonds “are a girls best friend” and are a right of passage for marriage etc etc. It is all marketing hype. I dare you to try and sell your diamonds back to where you originally bought them, they won’t take them back. No one will pay anywhere near retail to buy back a diamond. The value is based entirely on a manufactured scarcity that De Beers created, they know the rocks are worth far less than they are sold for, but the good marketing has convinced us otherwise. There are several great books (including one that is free to read online cover to cover but I don’t have the link) that everyone should read. Scary stuff. People die over these things.

I’ll stick to well done synthetics and let everyone else marvel at the wonderful rock and never be able to tell the difference.

By: Jeremy

Jeremy — Fri, 15 Feb 2008 20:08:25 +0000

They better pay up. My wife’s engagement and wedding ring purchases both fit into this time frame, so I want some cash.

By: Katie B.

Katie B. — Fri, 15 Feb 2008 19:11:52 +0000

Thank you for sharing this with us! I will definitely be filing a claim immediately.