Sean Kingston Layaway Time's Up ... Now Fork Over $44k

12/16/2016 11:31 AM PST

Sean Kingston Ordered to Pay $44k to Florida Jeweler

EXCLUSIVE

Sean Kingston's been ordered to pony up the dough to a jeweler for a Rolex and diamond bracelet he got almost a year ago ... plus interest.

A judge ordered the rapper to pay Haimov Jewelers in Florida $44k for an outstanding bill from February. Kingston's got to cover the interest too -- around $1,700 more ... and $5.75 will be tacked on every day until he gets square.

We broke the story ... Sean traded in his old Rollie for a brand new one and grabbed a $19k bracelet as well, but Haimov claimed he never paid for the merch.

Now he's gotta ... unless he wants to keep the jewelry lawsuits coming.