519 672 2121
519 672 2121
Close mobile menu

The Diamonds class action alleges that the Defendants unlawfully conspired to raise, maintain, fix and stabilize the price of natural diamonds for use as gemstones in jewelry or for investment (“Gem Grade Diamonds”) between January 1, 1994 and October 16, 2016.

Gem Grade Diamonds are mined from the earth and, after cutting, polishing and other finishing, are valued based on their beauty, colour, cut, clarity, and other characteristics. Gem Grade Diamonds are sold in their polished form to purchasers who incorporate the diamonds into jewelry and other products for resale.

Developments

Settlement

A Settlement has been reached in the class action. Pursuant to the Settlement, the Defendants agreed to pay CDN$9.4 million for the benefit of Class Members.

The Settlement and Distribution Protocol were approved by the Courts in Ontario, British Columbia and Quebec.

A further class proceeding was commenced in Saskatchewan in Daniel Ammazzini and Olson Goldsmiths Inc v Anglo American PLC et al., Saskatchewan Court, File No. 877 (Saskatoon Registry) (the "Saskatchewan Action").  A condition of the Settlement is that the Saskatchewan Court dismiss or permanently stay the Saskatchewan Action.

On March 14, 2019, the Saskatchewan Court permanently stayed the Saskatchewan Action.  Leave to appeal this decision was heard on September 11, 2019.  The decision is under reserve.

FAQs

What is a Class Action?

A class action is a lawsuit that is brought by one or more persons on behalf of a larger group of people whose claims share common legal and/or factual issues. Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

Who is affected by the diamonds class action?

You are affected by the class action and are a “member” of the class if you are a person in Canada who purchased a Gem Grade Diamond between January 1, 1994 and October 14, 2016.

Can I join the class action?

There are no steps required to “join” the class action. Assuming you fall within the scope of the class definition, you are automatically included in the class action unless you “opt-out” (exclude yourself from the class action).

Can I exclude myself from the class action?

No, the deadline for opting out of the class action has passed.

What should I do to protect my rights?

To protect your rights, you should:

  1. Keep records of any purchases of Gem Grade Diamonds between January 1, 1994 and October 14, 2017.
  2. Register to receive updates on this case by filling out the form below.

I still have a question. Who should I contact?

If you have a question, please contact Class Counsel by telephone at 604-689-7555 or 1-800-689-2322 or by email at diamondsclassaction@cfmlawyers.ca

Settlement

A Settlement has been reached in the class action. Pursuant to the Settlement, the Defendants agreed to pay CDN$9.4 million for the benefit of Class Members.

The Settlement and Distribution Protocol were approved by the Courts in Ontario, British Columbia and Quebec.

A further class proceeding was commenced in Saskatchewan in Daniel Ammazzini and Olson Goldsmiths Inc v Anglo American PLC et al., Saskatchewan Court, File No. 877 (Saskatoon Registry) (the "Saskatchewan Action").  A condition of the Settlement is that the Saskatchewan Court dismiss or permanently stay the Saskatchewan Action.

On March 14, 2019, the Saskatchewan Court permanently stayed the Saskatchewan Action.  Leave to appeal this decision was heard on September 11, 2019.  The decision is under reserve.

What is a Class Action?

A class action is a lawsuit that is brought by one or more persons on behalf of a larger group of people whose claims share common legal and/or factual issues. Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

Who is affected by the diamonds class action?

You are affected by the class action and are a “member” of the class if you are a person in Canada who purchased a Gem Grade Diamond between January 1, 1994 and October 14, 2016.

Can I join the class action?

There are no steps required to “join” the class action. Assuming you fall within the scope of the class definition, you are automatically included in the class action unless you “opt-out” (exclude yourself from the class action).

Can I exclude myself from the class action?

No, the deadline for opting out of the class action has passed.

What should I do to protect my rights?

To protect your rights, you should:

  1. Keep records of any purchases of Gem Grade Diamonds between January 1, 1994 and October 14, 2017.
  2. Register to receive updates on this case by filling out the form below.

I still have a question. Who should I contact?

If you have a question, please contact Class Counsel by telephone at 604-689-7555 or 1-800-689-2322 or by email at diamondsclassaction@cfmlawyers.ca

Contact Us

There Was An Error