More Guidance for De Beers Case Claims - JCK News
The Jewelers Vigilance Committee continues to provide guidance for resellers who submit claims to the De Beers class action settlement fund. To submit a claim that includes all resellers’ purchases that qualify for compensation, resellers may have to make an extra copy of two particular pages of the form to claim both “diamond only” jewelry and jewelry containing “mixed stones”.
The guidance on the court-approved form (pages 5 and 6) developed by the parties to the suit states that the retailer should “check only one” when reporting purchases of either jewelry containing diamonds only, or mixed diamonds and other gemstones jewelry. However, JVC is advising that the retailer is not obligated to make such a choice, but can claim both “diamond only” jewelry and jewelry that contains both diamonds and other gemstones.
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