Stafford Case: JKD Found Guilty of Theft In Federal Case

[adamasgem]

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
[email protected]

 

[strmrdr]

Looks like there was some justice in the case.
To bad the GIA information didn''t make it out.

 

[Garry H (Cut Nut)]

Wow - amazing Marty.
Thanks for keeping us informed.

Do you think more will come out regarding GIA and this stone?
Is it possible if Julius Klein Diamonds (or an employee) did steal the diamond, that they would have submitted the stone to GIA as was, or repolished it a bit smaller and submitted it to GIA?

In that case surely the jeweller has the right to supeona GIA for such information on +5ct pink diamonds submitted shortly after this time?

 

[adamasgem]

Date: 11/25/2008 11:27:31 PM
Author: Garry H (Cut Nut)
Wow - amazing Marty.
Thanks for keeping us informed.

Do you think more will come out regarding GIA and this stone? If JKD gets a retrial, like it has a pending motion for, then all things are possible
Is it possible if Julius Klein Diamonds (or an employee) did steal the diamond, that they would have submitted the stone to GIA as was, or repolished it a bit smaller and submitted it to GIA? Well, the jury found JKD guilty of conversion (theft), so who knows what happened. Evidently the cover-up with sercurity tapes killed JKD..


In that case surely the jeweller has the right to supeona GIA for such information on +5ct pink diamonds submitted shortly after this time? It is like GIA has unlimited resources expended continually to refuse to release information on the corruption, and who was involved.

everything public on Pacer case # 3:06-cv-00371 , easy to set up an account but can run up a bill at 0.08 per page, as the lawyers tend to be long winded.

https://ecf.ohsd.uscourts.gov/cgi-bin/login.pl

I'll see if Andrey will put up the files I have, on the PS server, as I have limited bandwidth on my server. The court records are very interesting, as in letting the "cat out of the bag", as well as the GIA motions to surpress the (severed ?) relationship. GIA went to great lengths to "protect" JKD.

Since the NY Federal prosecutors office is either in bed with GIA or else inept, the magnitude of Certifigate bribing (like HPHT as natural) will probably only come out if a Federal Prosecutor in a state other than NY takes the ball and runs with it.

Did you see where GIA cancelled the 2009 GRC in San Diego?

 

[Garry H (Cut Nut)]

A minor update
http://www.idexonline.com/portal_FullNews.asp?id=31555
About JKD''s inevitable appeal