De Beers
This settled class action addressed price-fixing allegations against De Beers for diamonds sold in Canada since 1994.
ClosedCanada-wideDeadline: March 8, 2024Est. payout: Compensation pending0 days left
About this settlement
The lawsuit challenged De Beers' monopolistic practices that artificially raised diamond prices by controlling supply and falsely advertising scarcity.
This class action alleged that De Beers and related entities conspired to fix prices of Gem Grade Diamonds in Canada since 1994, resulting in consumers paying inflated prices. The case settled for $9.4 million in 2016, with a claims process that closed in 2024.
Who qualifies
- Residents of Canada who purchased Gem Grade Diamonds or products containing them since January 1, 1994.
- Individuals affected by the alleged price-fixing conspiracy.
Compensation pending
Deadline March 8, 2024