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Jewelers Say Mayweather Owes Them $1.4 Million

LAS VEGAS (CN) — Floyd Mayweather Jr. likes to flaunt his bling, but Las Vegas jewelers claim in court that the retired boxing champ owes them $1.4 million on a diamond necklace.

The Jewelers Inc. claims in Clark County Court that on Sept. 19, 2015, Mayweather agreed to pay $3 million for a diamond necklace that contained 72 three-carat, round-cut stones.

Mayweather took possession of the necklace that day by paying $1 million, and has made six $100,000 payments since, the last one on May 20, The Jewelers says.

A $1.4 million balance remains, but Mayweather refuses to pay it, despite repeated requests, The Jewelers says.

It wants the $1.4 million plus interest, damages for unjust enrichment, breach of agreement and bad faith, attorney's fees and legal costs.

It is represented by Marc Cook with Bailus Cook & Kelesis.

Mayweather, 39, who often refers to himself as the "Money Man," has an estimated net worth of $400 million and in 2015 topped Forbes' annual list of the world's highest-paid athletes, with $300 million in earnings that year.

He finished his professional boxing career with a perfect 49-0 record, and is known for sharing photos of his cash, gambling winnings, mansions and costly belongings with fans via social media.

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