There are so many items that you purchase that is tax deductible and get an tax refund on them. But how do you know which purchased items qualify and which don’t? Here’s how figure out whether you’re eligible and how to make a claim.

A Diamond jewelry bought between Jan. 1, 1994, and March 31, 2006 are one of many items that may be eligible for a refund as part of a recent settlement of a class-action lawsuit alleging that De Beers.

This is because of the De Beers is spending $295 million to correct the trouble of $135 million of which is earmarked for consumers.
But the bad news that share of people who bought will be small. Everyone has to split the money, so the size of each refund depends on how many other consumers file claims, and for how much.

Theoretically, a $10,000 diamond ring is eligible for a $4,500 refund. But realistically, lots of competing claims will dilute that payout considerably. There’s no way of knowing yet how big a refund the $10,000 purchase could bring, says Tabacco.

Here’s how refund eligibility is calculated and figured out:

And it is very easy and simple to make the claim if you spend a little bit of your spare time; here is how to make the claim for your diamond jewelry. You have until May 19 to to get your money back. Go online to the settlement site to file a claim online there. Or download the claim form and fill it out and then mail it to the address on the form, postmarked no later than May 19. Or call on phone to 1-800-760-5431 and ask for a form to mail to you. And don’t hesitate to contact the claims administrator if you have questions or need more help: 1-800-760-5431 or administrator@diamondsclassaction.com.