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DeBeers class action lawsuit progress: The Real Deal

Progress has been made in the prolonged class action lawsuit against DeBeers Diamond Co.
Syracuse (WSYR-TV) – Progress has been made in the prolonged class action lawsuit against DeBeers Diamond Co.

The first checks have been cut, although they’re not for regular customers. Several thousand claims were processed, but all belong to what are called “authorized reseller claimants,” which include diamond jewelry manufacturers and retailers.

The claims administrator is still processing the claims of people who bought DeBeers diamonds for themselves or for others.

They say checks should be cut within the next few months. The deadline to file has passed. There’s no way to tell how much money a claimant can expect before receiving the check in the mail.

The progress of the settlement can be tracked at diamondclassaction.com.

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