The Texas-based jeweler has also undergone a brand refresh, debuting a new website and logo.
One lawsuit over EGL reports is settled
One of the lawsuits filed by consumers against Nashville jeweler Genesis Diamonds for selling diamonds allegedly over-graded by EGL International has been settled while three others remain open.
Nashville, Tenn.--One of the lawsuits filed by consumers against Nashville jeweler Genesis Diamonds for selling diamonds allegedly over-graded by EGL International has been settled while three others remain open.
Filed in Davidson County (Tenn.) Circuit Court in July by James Wells, a/k/a James Wills, the lawsuit accused Genesis Diamonds of fraud and violating Tennessee’s Consumer Protection Act for selling a diamond with an EGL International report that stated it was G color, VS2 clarity that later was deemed by the Gemological Institute of America to be a J color, SI2 worth about half of what he originally was led to believe.
Attorney Eli Richardson, who represents Genesis Diamonds, said Monday that the case had been settled on terms that are “mutually satisfactory to the parties.” He declined to provide further details.
Davidson County Circuit Court records show that suits making the same allegations against Genesis Diamonds filed by M. Nathaniel Averitt (August), Richard Vien (August) and Allan (A.J.) Zyla Jr. are outstanding. All three are represented by the same attorney, Nashville-based Brian Cummings.
Richardson said they are “confident” the remaining suits will be “resolved favorably for Genesis Diamonds.”
Brian Manookian, who represented Wells, did not return a call for comment Monday on the decision.
The Nashville-based attorney once sued Genesis Diamonds himself after buying a diamond there, eventually settling the case, and has erected a website called GenesisDiamondsLawsuit.com on which consumers can contact him about possibly taking legal action against the retailer.
The Latest

The two organizations have finalized and signed the affiliation agreement announced in May.

The single-owner sale will headline Sotheby's inaugural jewelry auction at the Breuer building, its new global headquarters, this December.

With their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.

From sunrise yoga to tariffs talks, these are some events to check out at the upcoming inaugural event.


Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.

The “Victoria” necklace features a labradorite hugged by diamond accents in 18-karat yellow gold.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.

The Kansas City Chiefs quarterback shares Hublot’s dedication to pursuing greatness, the Swiss watchmaker said.

The Type IIa stone, recovered from Botswana’s Karowe diamond mine last month, features unique coloration.

Breitling is now the NFL’s official timepiece partner, a move that puts the brand in front of the millions of Americans who watch football.

NYCJAOS is set for Nov. 21-23 in New York City’s Chelsea neighborhood.

U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.

A new court filing details the locations of the stores that will close, as well as the 830 that will remain open.

The new catalogs are “Tools, Equipment, & Metals” and “Findings & Metals.”

Sapphire’s variety of colors make it the perfect birthstone for September.

The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.

Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.

The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.

Sponsored by Clientbook

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.