Local News

Case Could Bring Refunds For Diamond Jewelry

Posted February 26, 2008 2:31 p.m. EST
Updated February 26, 2008 2:41 p.m. EST

Most of the diamond jewelry in the world originates from one company -- De Beers.

That monopoly puts the company under a microscope. In 2001, some customers filed suit, alleging that De Beers was fixing prices. As the two sides work on a settlement, Monica Laliberte took a look at the local impact of the lawsuit.

She found jewelers reluctant to talk and buyers thrilled with the prospect of a refund.

Could you be in line to get money back from De Beers? Watch WRAL-TV tonight at 5:30 for Monica's complete report.