de beers

Back in January of this year, De Beers agreed to pay $300 million to settle a class action lawsuit that accused the company of violating antitrust laws. If you purchased any diamonds (not necessarily from De Beers) between January 1, 1994, and March 31, 2006 than you're eligible to file a claim against the company. The filing deadline is today, May 19 — you can file a claim online and find more information at the settlement's website.

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If you've got some ice, you may have the opportunity to get a little more mileage out of it. De Beers, the company that essentially has a monopoly on the world’s supply of diamonds, has agreed to pay nearly $300 million due to a class-action lawsuit against the company alleging antitrust violations.

Who's eligible to get in on the class action? Your diamonds could have been purchased from any jewelry store in the country between January 1, 1994, and March 31, 2006 and you could be eligible to receive anywhere from 6 percent to 60 percent of the original purchase price. Keep in mind that this relates to diamonds bought in any form and from any location — that means De Beers' competitors.

The filing deadline is May 19, 2008. You can file a claim online and find more information at the settlement's website.

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Just in time for wedding season, De Beers has decided to peddle its diamonds online! The e-commerce store, which exclusively sells to the United States, allows De Beers to join its competitor Tiffany & Co. in cyberspace. Diamond jewelry is currently offered in ranges from $500 for a gold pendant to a $30,000 engagement ring, and prices will climb higher than $30,000 in the future. I will definitely be using this new web site to drool over all the engagement rings offered! I never seem to tire of doing that!

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