Comments on: DeBeers Settlement may mean a little money in your pocket

By: Keith Oliver

Keith Oliver — Sun, 26 Oct 2008 17:45:16 +0000

Does anybody know how many actual claims were submitted?
I’m sure that it wasn’t 13 million!

By: SB

SB — Mon, 04 Aug 2008 04:32:38 +0000

I’m just curious, but didn’t anyone think about this settlement before making it?

If 13 million people file a claim and there’s only $135,000,000 to divide up, everyone would get $10. Now I’m sure that there’s atleast 13 million out there that own a diamond. But if the check is $10 or less they won’t bother to mail it because it costs more to process and mail it than it’s worth. So what the hell is the point of this settlement?

And if no one can get a check for $10, then who gets the $135 million? The Easter Bunny?

By: Steve Gerencser

Steve Gerencser — Wed, 04 Jun 2008 16:56:32 +0000

Correct, $295 million “total”, only $135 million is set aside for retailers and consumers, direct purchasers (site holders) get the rest..

By: Coffeeandcigarettes

Coffeeandcigarettes — Wed, 04 Jun 2008 16:35:29 +0000

$135 million? It’s $295 million.

By: SteveG

SteveG — Sat, 01 Mar 2008 20:24:13 +0000

Hi Nancy,

Unfortunately all you can do once you submit your claim is to sit back and wait for the lawyers to do their thing. The last day anyone can file a claim is May 19th, 2008, so there will be nothing at all done before that date other than collecting claims..

From there the accountants will have to run the numbers to see how much of the $135million each claimant is allowed to collect and then start writing checks.. I would be shocked if anyone sees a check before the end of the year..

By: Nancy French

Nancy French — Sat, 01 Mar 2008 19:48:34 +0000

On 1/22/08 I submitted the proper forms for Diamond ring purchased 02/02/04. I have not heard any response back. Could you kindly respon. Ref #51062118