Bought a diamond? You may be getting money back

Those class-action attorneys have been busy getting consumers all kinds of money. Recently we wrote about the refund owed to those who used their credit cards overseas. Now people who bought diamond jewelry between 1994 and 2006 can apply for some money back. How much you get depends in part on how much you spent in the first place, explains Paul Michael of our partner blog Wise Bread.

The money is part of a $295 million settlement of a class-action lawsuit alleging price fixing by world diamond kingpin De Beers S.A. and its associated companies. (De Beers has denied any wrongdoing.) You can find out more information and apply for a refund at the Diamond Class Action Settlement Web site. Make sure you read all the FAQs. You must submit your claim by May 19. You don't have to provide proof of your purchase when you file the claim, but you may need it later on.

The amount of the refund ranges from 13.8% of the wholesale -- not retail -- price of inexpensive mixed-stone jewelry to 90% of the wholesale price of diamond-only jewelry with a purchase price of $5,000 or more. That may change depending on how many people apply.

Source: MSN