A jewelry-related judgment awarded to Drew Brees, quarterback for the NFL’s New Orleans Saints, has grown substantially.
Drew Brees
In June it was reported that Brees had won $6.1 million in damages following claims that a jeweler sold him diamonds at grossly inflated prices. Now the amount has reached $8.9 million as a result of interest and prejudgment costs, NBC Sports reports.
But the jeweler, Vahid Moradi, has appealed the judgment, according to the news outlet.
In a jury trial in San Diego, Brees said he bought $15 million in diamonds from Moradi and CJ Charles Jewelers over a four-year period ending in 2016. He said he’d become friends with Moradi and trusted him completely.
Brees said he and his wife, Brittany, were then told by an appraiser that they’ve overpaid by about $7 million.
The Breeses alleged fraud and breach of contract, as well as violation of California business law.
Moradi said he sold jewelry to the Breeses at a normal retail markup.
Read more at NBC Sports
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Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy.
Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision."
The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.
