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JacobTheJeweler

Wylcef Jean Sued For Jewelry Debt

Filed under: Jewelry, Celebrity Shopping

Jacob the Jeweler, who was sentenced to jail last month for money laundering, seems to have no problem heading back to court. His company, Jacob & Co. has sued musician Wyclef Jean for unpaid bills. Court papers filed in Manhattan indicate bought $765,100 worth of watches and jewelry between March 2002 and January 2006 and still owes $319,680 dollars. The company says they have tried many times to get Jean to come forth with payment. His reps had no comment.

Jacob the Jeweler Sentenced To Jail

Filed under: Jewelry

Bad news for Jacob Arabov. The man, better known as "Jacob the Jeweler" and namechecked in stars by hip-hop stars like Missy Elliot for his expensive and gaudy creations has just been sentenced to 30 months in prison. Arabov has been sentenced to 30 months in prison, and will have to pay a fine of $2 million in a sentence handed down today by U.S. district court judge Avern Cohn in Detroit. Arabov was arrested on June 15, 2006 on money laundering charges involving more than $270 million in narcotics earnings for a Detroit-based drug ring.

MTV's Diamond Moon Man

Filed under: Jewelry

Jacob the Jeweler is at it again, creating a piece of heavyweight bling designed to attract attention. This piece from Jacob & Co. is their special diamond moon man for the 2007 MTV Video Music Awards which took place last night. The statue is an extreme version of the moon man award which is given to winners. High Snobriety writes that the Jacob & Co. version has 15 carats of black and white diamonds set in 14k gold. The statue weighs over two pounds and is worth more than $200,000.


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