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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
1.

Cartman    

This is a warning to all jewelers about rappers.


Make them pay cash.. gangsta equals thief, duh

689 days ago
2.

TMZISAPIECEOFSHIT    

All A&A has to do is wait for another year or so and they can find that ring, necklace and bracelet at the pawn shop where he pawned it for 7,000 to catch up on back child support.

689 days ago
3.

GLaDOS    

Oh black people..

689 days ago
4.

My Big Salami    

BREAKING NEWS!...That ring is in a nearby pawn shop!...Hmmmmm what a surprise!

689 days ago
5.

notalawyer    

This judgement could play havoc with his gun purchases budget...

Now if RAP only had a melody it could be properly defined as music.

689 days ago
6.

Matt    

Isn't this the guy who hit that chick in the face a few years back? What a loser. Also would like to know why would anyone lend out such expensive jewelry, especially to a thug like gucci mane?

689 days ago
7.

Bridget    

I like rap and I hadn't heard of him, so I looked him up to see what his music was like. Admittedly I only saw a few clips of a couple video's but... BLAH


He seems to be an example of what is wrong with quite a bit of mainstream rap today. All STYLE no SUBSTANCE.


In the video's he has nice cars, jewelry, pretty girls and absoulutly nothing to say. Even if the man had something important to say, no one would know it, because you can't understand a word that comes out of his mouth.


If he wants to sell more albums, so he can ACTUALLY BUY these things, here's where to start. Write better lyrics and when you have done that...ENUNCIATE!!!


Oh and get a better stage name.

689 days ago
8.

two cents    

lipstick on a turd is still a turd. too bad stupidity isn't a crime.

688 days ago
9.

hollyhoodman    

Gucci sucks, can't rap worth spit and is fake as them other rappers.

688 days ago
10.

Joan K    

Really another so called rapper who can't sing and doesn't have any talent except to steal and think he can get away with it and he couldn't even do that. LOSER

688 days ago
11.

janet    

diamonds are already fenced.

688 days ago
12.

oleman    

Why would anyone give that low life such expensive jewelry on loan.....TMZ, you have seen better days!!!! In a lil bit you will be reporting the kartrashians daily BM's!

688 days ago
13.

NobodySpecial    

You know what would make him feel better, another ice cream cone with lightning bolts tattoo on the other cheek. These guys are idiots.

688 days ago
14.

Big D    

Isn't that the douche that had an ice cream cone tatoo'ed on his face?

688 days ago
15.

shaheem    

This ass has to be broke, or demented. this action is no action of a sane man.

688 days ago
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