Have you ever received mail alerting you to the fact that you are a presumptive member of some class action lawsuit? If yes, what did you do? Did you ignore the mail, toss it, investigate and then toss, respond, file a claim, opt out?
Maybe you have heard news reports about the Nutella class action lawsuit (over the issue of whether chocolate nut spread is nutritious or not), wherein the settlement to the class was for coupons to buy more delicious, but not nutritious, Nutella. In fact, many class action settlements involving retail wrong doing involve discounts or coupons for future services or products. As a result, in some class action settlements, response rates are lower than 25%.
Yesterday, Mr. Sam received follow up mail from the Diamonds Claim Administrator for the DeBeers diamond price fixing settlement. While neither of us have any recollection of submitting a claim, I assume I filled out the paperwork and submitted it back in 2008 (my research indicates that claims were due in 2008). I have been prone to submit class claims ever since I received a check for almost $200 for a test prep class I took years ago in advance of professional school.
So, now the claims administrator is looking for actual proof of purchase for the engagement ring diamond that Mr. Sam purchased back in 2005. Since my engagement ring is our most expensive piece of jewelry I do have a detailed file. I have the GIA grading report and the Gemprint Certificate of Registration for the center diamond. I also have the documentation regarding the wedding band and insurance paperwork, but nothing in my files that documents how much Mr. Sam paid for the main diamond.
Part of the problem is that Mr. Sam went through a diamond broker and bought the center diamond from a wholesaler and then had the engagement ring designed by a jeweler. As such, there is no receipt for the ring as a whole. Thank goodness for Yahoo email, after I dug through our hard copy file and came up empty, he was able to go back to his 2005 e-mail records and find a receipt. Hooray!!
Today, I will copy all of the diamond material and will send it off to the claims administrator. Who knows how much we will get, but something is better than nothing.