Diamonds are a Girl's...

Diamonds are a girl's best friend but after this weekend that friendship may develop a few cracks in it. It was reported in newspapers today that DeBeers diamond company had lost a class-action lawsuit resulting in a $295 million payout. Anyone who had purchased a diamond from 1994 and 2006 will receive a rebate. Depending on how many people file for claims, that amount could be between a few thousand dollars to 2 bucks. It seems that DeBeers, which controls 40% of the world diamond market is guilty of price fixing and monopoly practices. And it doesn't matter whether you purchased your rock at Van Cleef & Arpels of Beverly Hills or the local Walmart (I didn't know Walmart sold diamonds), if you have a receipt proving the date of purchase and price, and file before May 19th by visiting the website http://www.diamondsclassaction.com/, your rebate can be in hand before the end of the year. It seems that greed propagates greed, but don't despair, your best friend will always be by your side.