Headlines

Rapper Pays Part of $280,000 Debt to Jeweler

And he’s agreed to pay the remainder.

Published

8 years ago

November 3, 2016

INSTORE Staff

Rapper Tyga has paid some of the $280,000 debt he owes to jeweler Jason Arasheben of jewelry line Jason of Beverly Hills, People magazine reports.

And he’s agreed to pay the remainder by Nov. 17.

Tyga owes the jeweler for a diamond-encrusted gold chain and Dunamis Pantheon watch, with the debt dating to 2013. Arasheben sued Tyga, who is dating reality TV personality Kylie Jenner, over the debt.

Danny Abir, attorney for Arasheben, said: “Our client is gratified that, notwithstanding a significant delay, Tyga is finally making good on his obligation.”

Entertainment Tonight reports that the amount paid by Tyga so far is $100,000.

Tyga had recently participated in a debtor’s examination, and Jenner had been called to testify regarding “the source of funds used for gifts that the rapper has given her,” according to People. If Tyga pays off the remaining amount, Jenner won’t have to testify.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”