Jewelry Store Chain Sued Over Underweight Diamonds

Law360, Chicago (August 20, 2013, 6:13 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.