Latest Breaking News On - Gem grade diamond - Page 1 : comparemela.com

By News Room Dec 23, 2020 5:25 PM An application from Regina’s Merchant Law Group for a class action law suit against De Beers for allegedly inflating the price of diamonds, and for the unfair results from a separate class action case, will not be heard before the Supreme Court. Lawyer Tony Merchant says it’s a complicated case. A settlement was reached with De Beers through a different legal team in 2016. It stated that anyone in Canada who bought a Gem Grade Diamond between 1994 and mid-October of 2016 would be compensated through a $9.4-million settlement. Merchant says once you take off the lawyers’ fees, it would work out to about $5.8-million, meaning each claimant would only get about $2.

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