Gucci Mane sued over expensive diamonds, loses court battle

Rapper Gucci Mane was sued for over $274,000 by the New York jewelry company Rafaello & Co. in unpaid jewelry fees...

Jun 1, 2012

Rapper Gucci Mane was sued for over $274,000 in unpaid jewelry fees by the New York jewelry company Rafaello & Co. The lawsuit, filed earlier this year, claims Gucci had 15 days to pay for a $130,000 pinky ring and $110,000 diamond necklace and bracelet or return them. Instead, the rapper only paid $40,000. Over this time the jewelry has accrued both interest and attorney fees. TMZ has the story:

Rapper Gucci Mane just lost a $270,000 battle in court — after a New York jewelry company sued the rapper for stealing a buttload of diamonds … and won.

Rafaello & Co. retained attorney Vivian Uchitel (no relation) to file the lawsuit earlier this year in Henry County, claiming it loaned the rapper a $130,000 diamond pinky ring … in addition to a diamond necklace and bracelet worth $110,000.

According to the lawsuit, Gucci had 15 days to pay for the goods or return them — and he did neither … coughing up only $40,000.

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