Tuesday, January 22, 2008

Own A Diamond? - Check Eligibility For Settlement Payment

According to Buy a diamond? Get a refund in MSN.com, purchases of diamonds or diamond jewelry between January 1, 1994 and March 31, 2006 may be eligible for a payment from a settlement with De Beers. The class action suit alleged that the South African company had cornered the market in diamonds and kept prices artificially high.

This is not a small cents on the dollar settlement for which I usually qualify. Payments can be as high as 59% of the retail price for loose diamonds, and range from 6% to 45% for diamond jewelry. Since I purchased my wife's engagement ring during this time period, I will definitely be filing a claim.

For details, see the Diamond Class Action Settlement site for information on eligibility and on filing a claim.

For more on Ideas You Can Use, check back every Tuesday for a new segment.

Photo Credit: morgueFile.com, Michelle Kwajafa

This is not financial advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC

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