Connect with us

Headlines

Jeweler Must Pay $284,000 in Dispute Over Diamond Quality

mm

Published

on

Two customers sued the jeweler.

Intercarats LLC in Norfolk, VA, and the store’s owner have been ordered by a jury to pay $284,000 in a dispute over diamond quality.

Two customers sued the store and owner Shashank Kamdar in Circuit Court, saying the gemstones they received weren’t of the quality they were claimed to be, The Virginian-Pilot reports.

A jury determined that Kamdar had committed fraud and breach of contract, and that he ran afoul of Virginia’s Consumer Protection Act. The award included money for damages and for breach of contract, according to the Virginian-Pilot.

The plaintiffs were Xiaoming Fang of San Francisco and Bosun Hau of Hong Kong. Both men purchased engagement rings for their wives-to-be.

Hau spent more than $30,000 on his diamond ring, and Fang paid nearly $17,000 for his. They claimed that when they had the rings checked by other jewelers, they turned out to be worth much lower amounts.

Kamdar told the newspaper that he’s “done nothing wrong”, adding that the trial was “one-sided”.

Advertisement

Additionally, Tacori Enterprises is suing Kamdar and his business in connection with the ring sold to Hau. The company is alleging counterfeiting of a ring and trademark infringement, according to the Virginian-Pilot.

Tacori is asking for $2 million in U.S. District Court.

Read more at The Virginian-Pilot

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular