A fundraiser event in Tampa was sort of a boozy raffle. Guests could pay $20 for a flute of champagne with a clear gemstone at the bottom. Everyone got to drink champagne, and one lucky guest won a diamond worth $5,000. The 80-year-old winner didn’t have to worry about finding a safe place to store the stone on her way home, because she had accidentally swallowed it. [More]
It’s sparkly, it’s clear or it’s colored, it’s cut in more ways than one person could dream up, it sits on your finger like a golf ball or a just-the-right-size bauble, it’s a girl’s best friend — twinkling alongside many a wedding proposal has been a diamond. And a lot of the time, these chunks of bling cost a pretty penny. So why do we do have this shiny ritual? (And someone please explain how a diamond can be a best friend? It can’t even talk.) [More]
If you’re a rich baron of industry out to impress your beloved with a pricey piece of jewelry, forget Tiffany’s. Go to Costco. They’re selling a big ‘ol 6.77 ct diamond solitaire ring for $1,000,000. And true to form, it’s a bargain. The piece has been valued at $1,601,875. [More]
Jennifer and her husband bought her diamond wedding ring set in 2006, and the anniversary band to go along with it in 2007. They also bought an extended warranty for the rings, which was either a great idea or a terrible one, depending on how you look at it. It was a great idea because her rings seem to be defective. It was a terrible idea because she ultimately sent the jewelry off to the vendor in China for repair, and now Kay representatives are ducking her questions. She fears that the rings have been lost. [More]
A Barbie doll dressed in a black cocktail dress, pink heels, and a sparkly pink necklace sold at auction at Christie’s yesterday for $302,500. Well, perhaps it’s not a Barbie doll so much as some plastic and fabric that happens to be attached to a custom-designed Cubist pink and white diamond necklace made by Australian jewelry designer Stefano Canturi. [More]
Steve purchased diamond earrings from Blue Nile for his wife back in January, and contacted the company because the back of one earring was starting to turn black. Concerned that there might be a problem with the metal, he contacted Blue Nile, and was thrilled that an actual human responded to him, and offered to replace something as simple as an earring back. [More]
Here’s a common problem: we have many ex-lovers, who have put ice on our wrists and given us countless pearl necklaces. But these wealthy suitors have left our hearts broken and in this economy, we’re hurting for cash. Thankfully, we discovered Out of Your Life (motto: “It’s time to break up with his jewelry, too”), who will buy our tear-stained jewelry back from us!
A saleswoman for Zales who had earned 5 diamonds and almost a dozen commendations over the past 4 1/2 years—she’s the area’s first employee to earn a million dollars in sales in one year—was terminated last month, one week after she requested time off to have surgery for a life-threatening aortic aneurysm.
A Maryland woman bought some jewelry on sale at the Kohl’s in Westminster, then discovered cheaper prices under the price tags.
Reader Taylor had purchased wedding rings from Zales with a payment plan that allows him to make payments over the course of a year. One day, Taylor went to the store to make a payment of $160 and received his receipt for the cash transaction. A few days later, he received a call from the store manager who said that she believed that Taylor had only paid $60 and cited a surveillance video which, according to the manager, shows their sales representative counting only 3 bills. Even though Taylor was certain that he paid $160 and has a receipt to prove it, he asked to see this intriguing video, but the store manager has been giving him the run-around ever since. Taylor’s letter and our advice, inside…
Apropos of today’s Worst Company In America matchup between DeBeers and Exxon, Wesa Anderson sends us this EE Robbins diamond ad seen on the side of a Seattle bus. See, the way it works is the more you spend, the more man you are. No girl can resist a big rock. Hey, maybe I should make extra cash drafting taglines for EE Robbins.
If you bought a diamond between January 1, 1994 and March 31, 2006, today is the last day to join the DeBeers class action settlement. It doesn’t matter whether or not the diamond was bought from DeBeers, the diamond could have been bought from anywhere. The lawsuit contends that DeBeers uses its monopoly over most of the world’s diamond mines to artificially inflate the price of diamonds and engages in other anti-competitive behaviors as well. It’s expected that around $135,432,500 will be divided amongst all the eligible consumers. You can file claims online here.
Ever bought a diamond? You may be eligible for a piece of a multi-million class action lawsuit alleging that diamond giant DeBeers conspired to monopolize the diamond industry by fixing, raising, and controlling diamond prices, and by issuing false and misleading advertising. The class is open to anyone who bought any diamond from anyone from January 1, 1994 to March 31, 2006. $135,432,500 will be divided amongst all the approved consumer claimants.
The diamond industry is a big stinking sham, but if you’re stuck in a relationship where you can’t get away with a plastic spider ring for a gift—well, first of all, we feel sorry for you, but second of all, here are some great tips to help you save money when jewelry shopping.