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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Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
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