A Diamond Is Forever. A Lawsuit Is Only Temporary.

The 5 C's:<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJjPjXqyQVO5rNKAv4tBh8fod9-5nNmMqWv4HaMRWV-U8w0PQdZMrBpA8Ck8TEPLxgPUIusEZnWDO5jCQmN5lIvu1fFgcpCrmtpxmgjoBiHRWoUEKHz9vrUPt0Lj-2yXgv023oWQ89W76b/s1600-h/the+5+Cs.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5159507315468445346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJjPjXqyQVO5rNKAv4tBh8fod9-5nNmMqWv4HaMRWV-U8w0PQdZMrBpA8Ck8TEPLxgPUIusEZnWDO5jCQmN5lIvu1fFgcpCrmtpxmgjoBiHRWoUEKHz9vrUPt0Lj-2yXgv023oWQ89W76b/s400/the+5+Cs.jpg" style="cursor: pointer; width: 398px; height: 97px;" /></a><br /><p>For those of you who don't already know about <a href="https://diamondsclassaction.com/index.htm">DeBeers Diamond Class Action Settlement</a>, this is all you need to know:</p><p><br /><b>1</b> It's real, not a hoax.<br /><b>2.</b> Pretty much anyone who bought any diamond between 1/1/1994 and 3/31/2006 is eligible (consumers, resellers and direct buyers who purchased any diamonds or diamond jewelry for personal use or as gifts, for resale, and retail between January 1, 1994 and March 31, 2006)<br /><b>3.</b> And you will not get rich because so many people are eligible to file the claims<br /><a href="https://diamondsclassaction.com/">For details and forms, go here.</a><br /><a href="https://diamondsclassaction.com/Consumer.htm"><br />Consumers can file an online claim here.</a></p><br /><b>Summary of the Settlement</b> <p>De Beers is the largest supplier of rough diamonds in the world. Beginning in 2001, Plaintiffs in several states filed lawsuits against De Beers in state and federal courts alleging that De Beers unlawfully monopolized the supply of diamonds, conspired to fix, raise, and control diamond prices, and issued false and misleading advertising. De Beers denies it violated the law or did anything wrong.</p><p>The Settlement Agreement provides that $22.5 Million be distributed to the Direct Purchaser Class, and that $272.5 Million will be distributed to the Indirect Purchaser Class. De Beers also agrees to refrain from engaging in certain conduct that violates federal and state antitrust laws and submit to the jurisdiction of the Court to enforce the Settlement.</p> <br /><b>Statement from DeBeers</b>:<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiiSPlI6s378yzzNy11LUcWgSrWMJaRnbHO7YX01SHd1l3wqwVKcPuJcWqu1a6EfcnR47Fupoer4a9WlVbQVg5MiFVLG1BaBXlvNoucPBFPVMlwseXv-bAP0qO67-kYIZKVd6siT7vo92f/s1600-h/Picture+2.png" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5159493928055383682" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiiSPlI6s378yzzNy11LUcWgSrWMJaRnbHO7YX01SHd1l3wqwVKcPuJcWqu1a6EfcnR47Fupoer4a9WlVbQVg5MiFVLG1BaBXlvNoucPBFPVMlwseXv-bAP0qO67-kYIZKVd6siT7vo92f/s400/Picture+2.png" style="cursor: pointer;" /></a><br /> <a href="http://www.debeersgroup.com/debeersweb/General/News+Archives/Find+out+more+about+the+Class+Action+Settlement+and+details+on+how+to+claim.htm">Read The DeBeers Group Statement here.</a>

A Diamond Is Forever. A Lawsuit Is Only Temporary.

The 5 C's: For those of you who don't already know about DeBeers Diamond Class Action Settlement , this is all you need to know: 1 ...

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Now You Can Mine Debeers Diamonds Online

<script type="text/javascript" src="http://w.sharethis.com/button/sharethis.js#publisher=0d650ffe-1ec7-4395-883b-24e806d21a65&type=website"></script><br />It's June. The month of marriage and weddings. Therefore, this month, there will be posts occasionally dedicated to those who are tying the knot. So, let's start at the beginning, shall we? With the traditional purchase of the rock/stone/bling/ice/diamond......<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFzPj1x53DKfmXQeSQsdqTzl1fSNAYN9NzASChK416uVgUZDCQ-7XP5yKJmrfCBsrzelQ2dd5LvTx5lu1owKrpLTJMv6aZ04VxMUFOs0NVRKQ_psOA9u-VHwKB69riw14aVTXRUAR62lz-/s1600-h/Picture+2.png" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072638105578072594" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFzPj1x53DKfmXQeSQsdqTzl1fSNAYN9NzASChK416uVgUZDCQ-7XP5yKJmrfCBsrzelQ2dd5LvTx5lu1owKrpLTJMv6aZ04VxMUFOs0NVRKQ_psOA9u-VHwKB69riw14aVTXRUAR62lz-/s400/Picture+2.png" style="cursor: pointer; width: 530px; height: 87px;" /></a><br /><br /><span style="font-weight: bold;">DeBeers Enters The World of E-Commerce</span><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgquUIrwpYUjmFro2Y8TgBGy_0gp90v7nKHvfkqN9hy_rk-S4T4UOX3cBw61TBVC3S1xNvGzzkYpGuKXeip-di1HlFhAZBRH2hXQB2K8VzlxBFXAvLRrEAxy6ba_5nNAbRbSxJdxLczHo0g/s1600-h/greyandorangering.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072637787750492674" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgquUIrwpYUjmFro2Y8TgBGy_0gp90v7nKHvfkqN9hy_rk-S4T4UOX3cBw61TBVC3S1xNvGzzkYpGuKXeip-di1HlFhAZBRH2hXQB2K8VzlxBFXAvLRrEAxy6ba_5nNAbRbSxJdxLczHo0g/s400/greyandorangering.jpg" style="cursor: pointer; width: 531px; height: 410px;" /></a><br /><br />Last week Luxist mentioned the expansion of Blue Nile's diamonds for sale online, now the diamond behemoth DeBeers is finally joining the internet jewelry business. <a href="http://www.wwd.com/issue/article/116372">WWD reports that DeBeers is launching e-commerce on their website.</a> The company will let you spend up to $30,000 for a diamond engagement ring (1.5 carat center stone with two side stones) so far, with plans to let people spend more in the future. The website doesn't include everything that is available in their brick-and-mortar stores, focusing instead on products that are easier to buy without seeing in person such as diamond earrings or tennis bracelets.<br /><br />For pieces from the High Jewelry collection, such as the Grey and Orange Diamond Ring shown above (11.5 carats of white and fancy-colored diamonds set in platinum) you will still need to make an appointment to see the goods in person. For DeBeers, the good news is that unlike opening a brick-and-mortar store, no one shows up to protest when you open up online.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYMn8Q7vzBZFT-IbLsjE0rRrfUru2WAtdRd7yJjgqLc8Wd4JeXnIVQ_dpOBNwfFb7z-dzSGcwjToFXJzqoEputK7KwcaXcnk8nPhJceTv8qijLRKSM_ftbELle1iNKz4y_JNhNvttYoUoJ/s1600-h/Picture+4.png" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072638590909377058" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYMn8Q7vzBZFT-IbLsjE0rRrfUru2WAtdRd7yJjgqLc8Wd4JeXnIVQ_dpOBNwfFb7z-dzSGcwjToFXJzqoEputK7KwcaXcnk8nPhJceTv8qijLRKSM_ftbELle1iNKz4y_JNhNvttYoUoJ/s400/Picture+4.png" style="cursor: pointer; width: 537px; height: 323px;" /></a><br /><br />Article from Women's Wear Daily By Sophia Chabbott below<br /><h2>De Beers and its diamonds are entering cyberspace.</h2>This month, De Beers Diamond Jewelers, the joint venture between South African mining firm De Beers SA and luxury conglomerate LVMH Moët Hennessy Louis Vuitton, is launching e-commerce on its Web site at debeers.com.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZBIU_R2WI99VTwssJgYMKWwFoQZY8gQap5nKtHxguYZp-YauvbyHckuG1ggLA7PWZH-9rt_h4qprRe8bzW6D0uphQL4fofs136N6WSlkVY2gTX-t8ZSQuI3v4-CnIC1IEKm6QV5rKQGBL/s1600-h/060407_4.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072639969593879090" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZBIU_R2WI99VTwssJgYMKWwFoQZY8gQap5nKtHxguYZp-YauvbyHckuG1ggLA7PWZH-9rt_h4qprRe8bzW6D0uphQL4fofs136N6WSlkVY2gTX-t8ZSQuI3v4-CnIC1IEKm6QV5rKQGBL/s400/060407_4.jpg" style="cursor: pointer; width: 494px; height: 604px;" /></a><br />E-commerce will be exclusive to the U.S. market and will offer diamond jewelry ranging from a $500 gold pendant detailed with diamonds to a $30,000 engagement ring with a 1.5-carat center stone flanked by two side stones. Prices will climb higher than $30,000 in the future.<br /><br />The launch comes at a time when luxury goods, namely designer apparel, fine jewelry and handbags, are selling strongly on the Internet on sites such as <a href="http://www.neimanmarcus.com/">neimanmarcus.com</a>, <a href="http://www.net-a-porter.com/">Net-a-porter.com</a> and eBay.<br /><br />The jewelry Web site <a href="http://www.bluenile.com/">Bluenile.com</a> has gotten lots of attention and considers itself the largest online retailer of certified diamonds, while smaller Web sites such as Angara.com specialize in novelty diamond jewelry, such as a bib necklace featuring fancy yellow and white diamonds, that climbs well over the $100,000 mark.<br /><br />Many such sites say engagement rings are top sellers and that consumers can save up to 40 percent shopping online rather than purchasing in a brick-and-mortar store.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgX90CA80cCzBnsRn9ZIZHfXbZOMvBFm_z7ZVooP7fh0XZ-DSeny0bCsZN9YXtOzfrhEn5OSmBO84l4Ojq-UuH6bZ55CucNQXC3z3is0iR0SRbUgu44DyrmR81tsPYdKYkP6KBElsVui_At/s1600-h/Picture+5.png" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072645162209340018" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgX90CA80cCzBnsRn9ZIZHfXbZOMvBFm_z7ZVooP7fh0XZ-DSeny0bCsZN9YXtOzfrhEn5OSmBO84l4Ojq-UuH6bZ55CucNQXC3z3is0iR0SRbUgu44DyrmR81tsPYdKYkP6KBElsVui_At/s400/Picture+5.png" style="cursor: pointer; width: 525px; height: 341px;" /></a><br /><br />De Beers' site offers no such discount incentive, but rather access to the firm's branded jewelry in cities where it doesn't have stores.<br /><br />The six-year-old brand opened its first store in the U.S. in 2005, on Fifth Avenue in Manhattan. Stores in Beverly Hills and Las Vegas soon followed. Additional units are on deck, including a 1,353-square-foot shop in Houston set to open in August, and a 4,700-square-foot store in San Francisco and a 2,082-square-foot location in Washington, both planned for November. The firm has 14 stores outside the U.S., including locations in London, Paris and Dubai and expects to have 28 to 30 stores internationally by the year's end. But it's the middle of the country that chief executive Guy Leymarie anticipates will drive the site's sales thanks to the brand's cachet.<br /><br />"Today, e-commerce is clearly the new route [for selling], including goods like diamonds," said Leymarie. "It suits a new concept, a new behavior. [We're] not only [offering] entry prices, but also the very high end."<br /><br />While competitors like <a href="http://www.tiffany.com/">Tiffany & Co.</a> and <a href="http://www.cartier.com/">Cartier </a>have extensive Web sites where consumers can view anything from watches to jewelry, diamond engagement rings are only sold in-store. Cartier doesn't sell online, but Tiffany does.<br /><br />Leymarie said the firm started its e-commerce effort with the U.S. because the country consumes the most diamonds of any other place on the planet.<br /><br />De Beers' designer collections, Talisman and Radiance, will also be sold on the site, in addition to classic styles like tennis bracelets and studs.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZH34deWPW-QaM1sl4kP2LJYo4v3bkWXHSldIslAY_odRpwp-BWBShbUYxLKNyQ-dfEOwPAIk-BFK4kzrMOPP3EWsblGpROi0y0g6kbDO-tzxftdkwFVSYBO-kFcc3J8YgeOd6pCZB_ty7/s1600-h/060407_5.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072641215134394978" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZH34deWPW-QaM1sl4kP2LJYo4v3bkWXHSldIslAY_odRpwp-BWBShbUYxLKNyQ-dfEOwPAIk-BFK4kzrMOPP3EWsblGpROi0y0g6kbDO-tzxftdkwFVSYBO-kFcc3J8YgeOd6pCZB_ty7/s400/060407_5.jpg" style="cursor: pointer; width: 502px; height: 727px;" /></a><br /><i>Above: Necklace from the Talisman Collection available online</i><br /><br /><br />"The products that we put on the site are what we consider products that are easy to buy," he added. "For more complex stones or pieces that require more explanation, we'll invite [consumers] to the store for a more complete retail experience so they can benefit from the knowledge of our staff."<br /><br />All diamonds on the site include De Beers Passport, guaranteeing the provenance of the diamond.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmqiFXLo5ADMs4hm9XWCsDMTLPQ4LqZSslJqAvyCEitf-JYNe7pGAVxVB50jeuJDIB6gpOcex8OCg4IEj4omTEz-XiBneSzFr8HpHk5FZS8s-uaQ_xYNRNk3AR44jg-5c9gtTV10h_3k0y/s1600-h/060407_2.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072640966026291794" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmqiFXLo5ADMs4hm9XWCsDMTLPQ4LqZSslJqAvyCEitf-JYNe7pGAVxVB50jeuJDIB6gpOcex8OCg4IEj4omTEz-XiBneSzFr8HpHk5FZS8s-uaQ_xYNRNk3AR44jg-5c9gtTV10h_3k0y/s400/060407_2.jpg" style="cursor: pointer; width: 369px; height: 501px;" /></a><br /><i>Above: Guy Leymarie</i><br /><br />Leymarie declined to give sales projections for the e-commerce business, but said branding is key to the initiative.<br /><br />"When you think diamonds, you think of De Beers," he said. "Our heritage is not denied. We have a brand name with a very high level of awareness."<br /><br />Some industry watchers said offering its goods online could take brand awareness to an even higher level.<br /><br />"Obviously, e-commerce has exploded in a variety of different areas. Some had strong fits and starts," said Andrew Jassin, managing director of Jassin & O'Rourke Group, a New York industry consulting firm. "Being that De Beers is a cornerstone of the diamond business and the luxury business, there's a possibility that they may be more successful than others. [However], the fact is that most customers accustomed to buying luxury jewelry purchases need to feel [the products] and see them to complete the purchase. To a large degree, De Beers in this country is not so well-known. The Web-based business can improve the knowledge of who De Beers is."<br /><br />Arnold Aronson, managing director of retail strategies at Kurt Salmon Associates, said by democratizing diamond engagement rings via selling online, De Beers has the opportunity to grow its business significantly.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaryxxQuIOdr71_g7lEmYS0dOh3TjBU2AQKMzJq33tQTugNe1IegTSF88BJKM8ooUii76tkUfa0zYaRAgpVLCuQRW0WTy-CEkGqR1yvvxF4osE760y4OfpsbabTIoTkqnnOxFrrP2RupeN/s1600-h/060407_6.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5072640532234594882" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaryxxQuIOdr71_g7lEmYS0dOh3TjBU2AQKMzJq33tQTugNe1IegTSF88BJKM8ooUii76tkUfa0zYaRAgpVLCuQRW0WTy-CEkGqR1yvvxF4osE760y4OfpsbabTIoTkqnnOxFrrP2RupeN/s400/060407_6.jpg" style="cursor: pointer; width: 499px; height: 302px;" /></a><br /><i>above: Rings from the Talisman Collection available online</i><br /><br />The company has been trying to expand so that it is not only known for diamond stud earrings and engagement rings, but as a diamond jewelry house. Hollywood jeweler Neil Lane designs a collection for the firm and British jeweler Stephen Webster, who is known for his sense of rock 'n' roll and bedecking Madonna in his Gothic-inspired pieces, has just signed on to do a men's line.<br /><br />In October, De Beers is slated to introduce a watch line in conjunction with a Swiss manufacturer. The watches will be within the Talisman collection, which focuses on rough, uncut diamonds.<br><br>

Now You Can Mine Debeers Diamonds Online

It's June. The month of marriage and weddings. Therefore, this month, there will be posts occasionally dedicated to those who are tying ...

Read more »