If you bought a diamond between 1994 and early 2006 (come on guys, you can remember the year you got engaged, can’t you?) you may be able to get back a portion of what you paid in the form of a rebate. As reported by the Chicago Tribune, it’s the result of a class-action lawsuit filed against the De Beers diamond company for price fixing and monopoly practices. While the company has not acknowledged any wrongdoing, it agreed to settle the suit by paying $295 million. In order to cash in, you’ll need a receipt or some other proof of purchase. Rebates will be based on how many people file claims and the price paid, totaling as much as 59 percent of the retail price. You have until May 19th to file a claim.
Whether you qualify for the diamond rebate or end up getting money from the government’s proposed income tax rebate, plan ahead for how you’ll use the money. All too often, money gained quickly is spent just as quickly.
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