Diamond hunt

Diamonds Are Forever, But The Price May Not Be
(CBS4)

They say diamonds are forever, but the price you paid for you rock may not be.

Millions of Americans who bought diamond rings or jewelry could receive a rebate thanks to the pending settlement of a class-action lawsuit against De Beers.


The suit accuses the diamond company of price-fixing and monopoly practices. Former customers could get refunded 30 percent or more of the price they paid.


However, you are eligible if you purchased the diamond between 1994 and early 2006 and have the receipt or other proof of purchase.


Notices of the proposed class-action settlement, which must still be approved by a federal judge in New Jersey in April, began appearing in national newspapers and magazines this month.

Buyers have until May, 19 to file a claim click here or click De Beers to learn more about the settlement.