Jewelry Store Chain Sued Over Underweight Diamonds

Law360, Chicago (August 20, 2013, 6:13 PM ET) -- Helzberg Diamond Shops Inc. was hit with a class action Thursday by a disgruntled groom-to-be alleging the jewelry store chain has sold engagement rings with diamonds that are much lighter than advertised.

Michael Ian Caprarola claims in an Illinois state court complaint that Helzberg — which is owned by Warren Buffet’s Berkshire Hathaway Inc. — has “materially misrepresented” the total weight of the diamonds in some of the engagement rings it sells at its 230 stores.

The plaintiff purchased for his fiance a $2,000 engagement ring...
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