EXCLUSIVE: Jason of Beverly Hills – NY Yankee Billy Ray Butler Sues Celeb Jeweler for Overcharging $212k for Diamonds
The Dirty can exclusively reveal celebrity jeweler, Jason of Beverly Hills, is accused of screwing over a New York Yankee by overcharging him $212k for diamonds he bought for his wife … and now he has headed to court to sue the man who counts Rihanna and Katy Perry as clients.
NY Yankee Billy Ray Butler and his wife Katie filed suit against the celebrity jeweler Jason of Beverly Hills. The complaint says JBH advertises itself as a high-end jeweler to various actors, athletes, and other celebs including Rihanna, Katy Perry, Michael Jackson, Jennifer Lopez, Mariah Carey and numerous others.
The baseball player explains he visited the Jason of Beverly Hills’ showroom at the Cosmopolitan Hotel in Las Vegas back in 2014 … where they were browsing the collection about potentially upgrading Ms. Butler’s engagement ring. They eventually worked out a deal to upgrade the ring and it would have approximately 2.3 carats of white diamonds in the band, set in 14 carat white gold.
Butler explains he has no experience in appraising diamonds and relied on JBH’s reputation for creating high end pieces and he purchased the diamond for $295k … which was a discounted rate given by JBH down from $450k.
However, he later had the pieces appraised by a third party and the item was appraised at $82,825, which is $367,175 less than the appraisal value given a year earlier by JBH, and $212,175 below the item’s actual purchase price.
He says to make matters worse he paid big insurance premiums to take out a policy on the jewelry he thought was worth $450k. The NY Yankee is demanding damages no less than $212k plus unspecified other damages.