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".
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.
JEWELER SUCCESS STORIES
When it was time to close its doors, Cranstoun Court Jewellers of Sun City, Arizona chose Wilkerson to handle its liquidation sale. For all involved, the sale “far exceeded expectations.” But it wasn’t the first time Wilkerson helped sell off the store’s aging merchandise. They were there 13 years before, when ownership changed hands. See how Wilkerson can help you when it’s time to liquidate or sell off aging inventory.