BOSSIP Exclusive—DJ Khaled: Jeweler Swindled Me Out Of Hundreds Of Thousands!!

- By Bossip Staff

“We The Best” DJ Says Jewelers Ripped Him Off; Has Filed Suit Against Company

DJ Khaled has accused a famous jeweler of ripping him off to the tune of hundreds of thousands – by lying about the actual value of the bling they sold.

Earlier this year, New York Jeweler Rafaello & Company filed suit against DJ Khaled for never returning two Rolex watches, a custom-made diamond chain, a pair of diamond earrings and a four carat diamond ring.

The jeweler claimed the deal stated DJ Khaled had 15 days to check out the items. If he liked them he would pay for the bling, if not he would send it back. The jewelry company said Khaled never sent back the jewelry but he also never paid up despite several demands for the $100,000 owed, so they filed suit for the amount owed plus damages.

Then recently, Khaled fired back at the jeweler’s lawsuit, accusing him of stiffing them to the tune of more than $100,000. The DJ denied all allegations that he owes the company money for the bling and then he filed a counter-suit against them for fraud.

Khaled states that from 2008-2013 he did business with Rafaello &Co. – purchasing everything from watches, jewelry and custom made pieces for himself and as gifts. He says over the years he was never once invoiced or even given a receipt when he did return items.

The DJ says the invoices the jeweler attached to his lawsuit are fraudulent and were created well after the actual purchases.

Then he says he purchased a custom made jewelry piece for $110,000 that was represented as gold Cuban link chain with 98 diamonds, which came with a certificate and appraisal, which he says turned out to all be fake. Khaled says he even took out a insurance policy in the amount of $240,000 to cover the $110,000 piece, and paid premiums on the policy for two years. But it turns out, the necklace was worth less than $30,000.

He explains over the 6 years he purchased numerous items of personal property for himself and friends which all turned out to be grossly overpriced and falsely represented to be worth a lot more than they were. He says the jeweler’s defrauded him of several hundred thousand dollars.

Khaled is demanding compensation for the fraudulent and deceptive activity of the jeweler.  The DJ is also demanding the jeweler’s lawsuit against him be dismissed because they lied about the value of the items and he says he never signed any agreement with them.

Both lawsuits are still pending in Florida’s 11th Judicial Circuit Court.

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