Boxer Adrien Broner has been slapped with a $573,000 lawsuit over his refusal to pay a New York jeweler.
According to court documents obtained by The Blast, Vladdy’s Diamonds has filed a federal lawsuit against Broner.
The New York jeweler says they are owed $573,000 from Broner over custom-made jewelry and items they loaned him.
Vladdy’s Diamonds says Broner entered into a deal with them back in December 2018. He ordered $500,000 worth of jewelry and was given a $100k discount for promoting the company.
Broner agreed to promote the jewelry by “affixing a promotion patch on his boxing shorts, a shirt promotion and a promotional television advertisement.”
The boxer then asked to borrow additional high-end pieces for his publicity appearances to promote his fight against Manny Pacquiao. The fight took place in Las Vegas on January 19, 2019, ending with Pacquiao winning.
The jeweler traveled to Vegas to deliver the pieces for his public appearances. They also had Broner sign the contract for the custom pieces they were making.
The loaned jewelry included a 40mm yellow Daydate diamond watch, 14 carat yellow gold diamond Cuban chain, a 14 carat yellow diamond Cuban link bracelet” and a 14 carat yellow diamond ring.
They claim Broner did wear a patch during his fight, but it was smaller than agreed on. He promised to do it during his next fight. Broner also agreed to return the borrowed jewelry when they delivered the custom-made pieces.
The jeweler delivered the custom-made jeweler on March 6. The custom made pieces consisted of a “custom AB diamond pendant with diamond Cuban link pendant”, a Patek Philipe watch with diamonds and a “14 carat two tone diamond bracelet 23 carat” including “AB diamond box lock”.
They claim Broner took the jewelry but didn’t return the borrowed items. He signed a deal that day to purchase them instead.
He wrote a check for $443,000 but it bounced because “Not Sufficient Funds”. They claim despite numerous demands for payment, Broner refuses to pay the bill.
Vladdy’s Diamond sued for the entire $573,000.