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Gregory Diamond
01-23-2008, 01:08 PM
You can get all the information on making a claim at the following link:

https://diamondsclassaction.com/

This website provides information about a proposed settlement of class action lawsuits concerning the price of diamonds and diamond jewelry. The proposed settlement is currently pending in the U.S. District Court for the District of New Jersey. The defendants are certain companies within the De Beers Group.

The class actions are brought on behalf of persons and businesses who purchased loose gem diamonds or jewelry or other products containing gem diamonds in the United States.

The Court has conditionally certified two classes, or groups, of diamond buyers: the Direct Purchaser Class and the Indirect Purchaser Class. Members of the Direct Purchaser Class purchased from De Beers or De Beers' Diamond Mining competitors while members of the Indirect Purchaser Class purchased from someone OTHER THAN De Beers or De Beers' Diamond Mining Competitors. The Indirect Purchaser Class is divided into two subclasses: Consumers and Resellers. Select the links below to obtain detailed information about each Class.

Consumers: All persons located in the United States who purchased any diamond or diamond jewelry or other products containing gem diamonds for personal use and not for resale between January 1, 1994 and March 31, 2006. For example, Consumers include people who purchased diamond jewelry to wear or to give as a gift.

Resellers: All persons or entities located in the United States who purchased for resale any gem diamond or diamond jewelry or other product containing gem diamonds between January 1, 1994 and March 31, 2006 from someone other than De Beers or De Beers' Diamond Mining Competitors. Resellers include diamond jewelry manufacturers and retailers, among others.

Gregory Diamond
06-02-2008, 03:27 PM
Judge approves De Beers class-action settlement
May 30, 2008

Newark, N.J.—A U.S. Federal District Court judge presiding over the class-action suit filed against De Beers over its anti-competitive diamond prices has approved the settlement, the company announced.

The settlement funds, set at a total of $295 million, are to be divided among direct and indirect purchasers, with the majority of retail jewelers falling into the latter class. The size of each individual settlement is contingent on how many people file a claim. The deadline for filing was May 19.

"De Beers is pleased that Judge [Stanley] Chesler has issued his written opinion, and entered an order, approving the settlement in the diamond class actions in the United States," De Beers said in a statement issued on Friday. "We believe that settling these class actions has allowed us to put these matters behind us, and is in the best interests of our shareholders, our clients and, most importantly, consumers' confidence in diamonds."

The case against De Beers began with a series of lawsuits alleging that the company charged anti-competitive prices for rough diamonds, monopolized the market and disseminated false and misleading advertising.