Stafford Case: JKD Found Guilty of Theft In Federal Case

Unfortunately, according to public records, the judge did not allow in the probable severed business relationship between GIA and JKD, arising out of the Certifigate scandal, as both GIA and JKD fought it, tooth and nail. Now to see whether DeBeers applies "best practice principles" to JKD and eliminates their sight.


"FOR IMMEDIATE RELEASE:

Jury Awards Over $6,900,000.00 to Stafford Jewelers

DAYTON, OH - November 24, 2008 - On November 18, 2008, a jury in the United
States District Court for the Southern District of Ohio (Case No. C3-06-371),
awarded U.S. Diamond & Gold Jewelers, Inc. dba Stafford Jewelers (Stafford
Jewelers), an Ohio-based diamond wholesaler and retailer of diamonds located
in Centerville, Ohio, at least $6,900,000.00 in compensatory damages, plus
attorneys' fees.  The verdict is against Julius Klein Diamonds (JKD), an
international, New York-based, manufacturer and distributor of diamonds and a
De Beers sightholder.

This case arose out of the disappearance of a 5.56 carat natural, "fancy,"
"intense" pink diamond, valued wholesale at between $1,500,000 and
$2,000,000, that was shipped by Stafford Jewelers to JKD in New York in order
that JKD would obtain a GIA (Gemological Institute of America) certification
of the pink diamond, possibly purchase the pink diamond and, if not
purchased, return the pink diamond with the GIA certificate to Stafford
Jewelers.

After hearing the evidence, the unanimous jury found that JKD was unjustly
enriched by its acquisition of the valuable pink diamond without compensating
Stafford Jewelers; that JKD wrongfully converted and exercised dominion and
control over the pink diamond; and that JKD was found liable of civil
liability for a criminal act (theft).

The jury also found unanimously that JKD knowingly participated in or
ratified the acts of an agent or servant that demonstrated malice.

Attorney Dianne Marx of the Dayton, Ohio law firm of Sebaly Shillito + Dyer
represented Stafford Jewelers in the lawsuit.  According to Ms. Marx, "[t]he
jury sent a strong, strong message that this kind of conduct absolutely will
not be tolerated in our society."

News Media contact:
Dianne F. Marx, Esq.
Sebaly Shillito + Dyer
40 N. Main Street, Suite 1900
Dayton, OH  45423
1.937.222.2500
www.ssdlaw.com
dmarx@ssdlaw.com

........... Karl has joined the diamond trade and is now posting as Karl_K

Garry Holloway FGAA DipDT

HCA and Ideal-scope developer

http://www.ideal-scope.com and
http://www.HollowayDiamonds.com.au

Marty Haske GG(GIA), Senior Member NAJA, ISA Appraisal Trained(past ISA), BS(MIT)/MS(MIT)
Adamas Gemological Laboratory

Garry Holloway FGAA DipDT

HCA and Ideal-scope developer

http://www.ideal-scope.com and
http://www.HollowayDiamonds.com.au