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.
If your Beverly Hills infant can’t put one of your massive silicon jugs in its mouth without unhinging its jaw, it may be time to consider a pacifier. This will cease its incessant wailing as you dodge paparazzi in your Ferrari or pose naked for glamour shoots. But what self-respecting MILF would give her post-embryonic pimpfant anything less than a diamond encrusted binky?
Our favorite advertising inside man who cares enough to hate, with a heart, sends in this gem:
Dollsome reader Paige C. writes in about the tragic mislaying of one of her Blue Nile earrings. It is rather predictably followed by a smattering of appalling customer service on Blue Nile’s part after they promise (then deny) her a half-priced replacement:
South African diamond cartel De Beers has announced that it will be transferring a 26% share of its mining operation, De Beers Consolidated Mines, into a holding company that is half-owned by De Beers employees and pensioners. (Which we suppose could be mathed out to mean they are still 85% evil, depending on who owns the other half of the holding company.)