Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Lost And Found: 1 $146,000 Diamond

WEST PALM BEACH (CN) - A diamond dealer sued a jeweler for $146,182, the sum it paid for a 5.02 carat oval-cut diamond. The dealer says the rock fell out of its owner's ring at an art opening, and the person who found it sold it on the cheap - for $55,000 - without any documentation, to a West Palm Beach jewelry broker, who sold it to defendant Provident Jewelry & Loan.

Plaintiff Diamante the Diamond Broker says it bought the stone from Provident, then sent it to the Gemological Institute of America for grading and analysis. The GIA identified it as the gem the woman lost at the art opening. The woman sued Diamante and won. Diamante says Provident was dealing in stolen property. It wants its $146,182 back.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...