TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Gucci Mane

Loses $270K Diamond War

5/31/2012 12:15 AM PDT BY TMZ STAFF
EXCLUSIVE

0530_gucci_mane_ring_getty
Rapper Gucci Mane just lost a $270,000 battle in court -- after a New York jewelry company sued the rapper for stealing a buttload of diamonds ... and won.

Rafaello & Co. retained attorney Vivian Uchitel (no relation) to file the lawsuit earlier this year in Henry County, claiming it loaned the rapper a $130,000 diamond pinky ring ... in addition to a diamond necklace and bracelet worth $110,000.

According to the lawsuit, Gucci had 15 days to pay for the goods or return them -- and he did neither ... coughing up only $40,000.

Rafaello sued for a total of $274,523.34 -- the $200,000 jewelry balance plus interest and attorneys' fees.

Gucci never showed up in court, so a default judgment was entered against the rapper in April. A lien was then placed on the rapper's property.

Gucci still hasn't responded to the action.

40 COMMENTS

No Avatar
16.

john    

What a stupid store to give someone with no money or means to pay for anything whatsoever a bunch of expensive items. STUPID!! Who is this idiot with the ridiculous name anyway?

873 days ago
17.

Bird    

I love how f_cking stupid most of you are. Every time there's a story about a black man, people start running their racist mouths. I guess the next time there's a crime committed by a white guy, we can all safely assume that since one white guy did it, that must mean ALL white people do it. Yep. Instead of judging people as individuals, let's judge all people based on what color skin they were born with. That makes sense.

873 days ago
18.

tglaspie    

stupid rappers with priorities all wrong i bet he have bills stacked up out the ass but spending 270k's on a pinky ring man make some more records where you at havent heard a song from him since i dont know when.

873 days ago
19.

Toilethead    

Never heard of him.

873 days ago
20.

T    

you mean to tell me rappers don't own all that BLING they are covered in ??!! and they rent all those exotic cars ?? and they steal ( aka "sample") music from other actual musicians ??

873 days ago
21.

nyc44th    

these idiots trying to impress with all their bling / cars / throwing money around etc is giving the wrong message to inner city kids . . . impress with your inner character not your 'things'.

873 days ago
22.

Carl    

They should start a rapper money management course. You could teach it in a couple minutes:

"You will make a lot of money in a short time. Instead of blowing it instantly try opening a savings account. People will tire of you and move on in a year or two, at which time the money will stop. If you don't save this money you will go bankrupt and end up right back in the hood where you began. End of course."

873 days ago
23.

Spencer B in MD    

TNB...

873 days ago
24.

Jay W.     

A&A Diamonds... not the brightest group.

873 days ago
25.

Big D    

Maybe this is why he didn't show up for court....

On January 4, 2011, A judge in the Superior Court of Georgia’s Fulton County ordered rapper Gucci Mane to a psychiatric hospital, according to court do***ents. The do***ents reveal that his lawyers filed a Special Plea of Mental Incompetency on Dec. 27 arguing that he is unable “to go forward and/or intelligently participate in the probation revocation hearing.”

873 days ago
26.

For Sooth?    

Bit first he lost his masculinity bay naming himself that redic name

Don't these guys know that it is mega harlarity when their mug shot pic is matched with those stupid moniquers they choose????
Grow up gentlemen!

873 days ago
27.

Joao    

Another video bouncing, money flashing rapper trying to rip someone off. The truth be known, the reason he didn't pay the outfit is because HIS dumb ass is BROKE!!!

873 days ago
28.

buzz kill    

This poor guy is just misunderstood he didn't steal them, just ask him. Did you take the jewelry? Iz didnt takes them It wuz sumbuddy elz youz nows weez all looks the same, wuz sumbuddy elz.

873 days ago
29.

fireonacrackerpieow    

And just think all the effort and madness over a bunch of overpriced rocks that probably were stolen anyway but yeah of course those who actually help the economy by buying material always get the bad end of things maybe the snotskins will be happy once they get this money but Im sure they wont be..

861 days ago
Previous 15 Comments | 1 | 2

Around The Web