September 16, 2010
I heard a jeweler was awarded 4 million dollars for a diamond that JKD say never even existed. What's the true story there?
September 24, 2010
I don't know if the diamond really existed or not, but the federal jury in the case was convinced enough that it did, in order to say John Stanford needs to be paid 3.8 million dollars for it. Here's what supposedly happened:
John Stafford, a retail jewelry shop owner in Ohio allegedly shipped a 5.56 carat rare pink diamond to JKD, and they stole it and claimed they never received it, so the diamond may have been stolen before the delivery, or Stafford was just trying to make a pretty penny through by means of an insurance scam. Brinks, however said that the package had not been tampered with before it arrived at JKD. The jury did not accept JKD's theory or accusations and the verdict was that JKD has to pay Stafford $3.8 million for the lost diamond and compensation for their wrong doing.
According to Stafford, he had bought the diamond from a man he had met in Las Vegas who wanted to get rid of the stone because his mother claimed it was bad luck, and he only took $8,000 for it. He wanted to sell in to JKD, but they, naturally wanted to see the stone before making a purchase. Stafford sent it in a Brinks bag, inside a UPS box and insured it for 1.5 million dollars. The next day JKD said the box had arrived with nothing inside. JKD claimed that substantial evidence that the pink diamond ever even existed was not established, and referred to the German who allegedly sold Stafford the pink diamond as a "ghost." Brinks, however, attested that JKD accepted the box with the pink diamond inside it in good shape. JKD are expected to appeal.