Harris Jewelry Ordered to Reopen Claims Portal for Refund Requests
A federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.
Founded in 1955 by U.S. Marine and World War II veteran Jerome L. Harris, Harris Jewelry had stores on and near military bases nationwide, meaning many of its customers were active duty servicemembers.
In July 2022, the Federal Trade Commission and a group of 18 states led by the New York Attorney General’s Office took legal action against the retailer, accusing it of cheating its customers through illegal financing and sales practices.
The complaint claimed that the New York-based jeweler took advantage of its customers by telling them that financing jewelry through the company would boost their credit scores, which was not true in most cases; telling customers they had to purchase the store’s Lifetime Jewelry and Watch Protection Plan in order to finance their purchase, which was not the case; and routinely adding protection plans costing between $40 and $350 to customers’ bills without disclosure.
These alleged actions violated several financial consumer protection laws, including the Military Lending Act.
Earlier this week, the court found Harris Jewelry violated the settlement by prematurely shutting down the claims portal, according to an FTC press release.
The new claims process will be open for 33 days, from Nov. 18 through Dec. 21.
The court’s action is meant to provide consumers “fair and sufficient time” to file claims for refunds.
Harris Jewelry also will have to renotify customers about the option to request a refund, the FTC said.
The FTC is encouraging consumers who purchased items from Harris Jewelry and paid for a protection plan and have yet to file a claim, or who have filed a claim but have not yet heard back, to request a refund via the Harris Jewelry website as soon as possible.
Harris Jewelry neither admitted nor denied the allegations but did agree under the settlement to issue refunds, which could total $10.9 million, to more than 46,000 customers who unknowingly paid for a warranty for their jewelry.
In addition to providing these refunds, the jeweler was ordered by the FTC to stop collecting millions of dollars in debt, issue refunds for overpayments, and assist with the deletion of any negative credit entries pertaining to debt in consumers’ credit reporting files.
As part of the settlement, the jeweler also had to entirely shut down its business.
It closed all 18 of its stores in the spring of 2021 and said it was moving its business online, citing declining sales due to the COVID-19 pandemic.
The Latest
A total of 126 million consumers shopped in stores over the five-day period, about 5 million more than last year.
The FTC’s Jewelry Guides require “clear and conspicuous” disclosure when advertising lab-grown diamonds.
The fine jewelry designer, who came out of retirement in 2017, is putting down his sketchpad for good.
While no reputable jeweler would knowingly sell lab-grown stones as natural, it's a growing possibility.
The Type IIa, very light pink colored diamond was the highlight of the recent Hong Kong jewelry auction.
John Willard Craiger, 83, fatally shot jeweler Ghazi “Gus” Michel Osta following an argument in the store.
In his latest column, Smith provides a list of questions every business needs to be asking their next potential leader.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
An innovative artist inspired by the natural world, Lehrer is remembered for being a visionary and a shining light.
Jérôme Lambert returns as CEO of Jaeger-LeCoultre, while Laurent Perves takes the lead role at Vacheron Constantin.
Owners Greg and Lynn Bires are heading into retirement.
The industry veteran is remembered for his faith, his dedication to his family, his wealth of knowledge and his generosity in sharing it.
PricewaterhouseCoopers’ 2024 holiday trends survey took a 10-year look back to see what mattered to consumers then versus now.
Monique Lhuillier and Kay Jewelers collaborated to create the pieces, which were offered at the recent Baby2Baby gala.
Botswana joins Antwerp as a certification center for rough under the G7 ban on Russian diamonds.
The miner said its November sale, which earned $16.1 million, felt the effect of competitive pricing by a rival Zambian producer.
Mignon Faget honors its hometown of New Orleans with a piece inspired by “The Crescent City.”
The London-based business-to-business diamond and gemstone marketplace just closed on a $51 million round of Series C funding.
“Forever Present” highlights gifting opportunities for natural diamonds, celebrating familial, friendship, and romantic relationships.
It’s one of the most impressive assemblages of the French designer’s pieces ever to come to auction, Christie’s said.
Successful email marketing campaigns are all about timing, personalization, and compelling CTAs, Emmanuel Raheb writes.
Look out for a black bear wearing a purple Santa hat and its zippered tummy pouch made for holding a holiday gift from Ben Bridge Jeweler.
“The William Goldberg Way” was released in honor of the company’s 75th anniversary and 25 years of its proprietary Ashoka diamond.
Fenix and Dholakia Lab-Grown Diamonds have jointly acquired the Israel-based company, which grows diamonds using solar power.
The Danish brand has opened an appointment-only location on Madison Avenue in New York City.
The actor and watch enthusiast will be part of the show’s education lineup.
Step inside the nearly 21,000-square-foot suburban Chicago jewelry store with Editor-in-Chief Michelle Graff.