New York - Jewelry Manufacturer Inadvertently Tosses Almost $1M In Diamonds In Pre-Shabbos Rush
New York - A 47th Street jeweler who was rushing to close before Shabbos accidentally discarded more than $850,000 in the trash.
Bobby Yashaya, owner of Max Jewelry on 47th Street, had been packing up merchandise for the annual JCK jewelry show in Las Vegas on a Friday afternoon when the incident occurred. Yashaya told the New York Post that he had placed a pair of diamond earrings and four diamonds, ranging in weight from eight to twelve carats, in white paper pouches that he secured with rubber bands.
Yashaya said that he accidentally handed a maintenance man who was collecting trash a stack of papers and napkins from his counter, inadvertently including the merchandise that he planned to take to the show. Yashaya said that the diamonds were worth $864,100 but that invoices for the merchandise had been destroyed by a flood according to the Daily News.
It was five days later when Yashaya was in Las Vegas that he realized his mistake, sending his wife to his office building in the hopes that the discarded goods could somehow be recovered, a search that proved to be fruitless.
“I didn’t sleep,” said Yashaya. “I was praying. I was praying that they would be found. My heart fell and I couldn’t work.”
Yashaya contacted his insurer, Lloyd’s of London, but said that the agent assigned to his claim was openly hostile and subjected him to two full days of sworn testimony. The case is still open and Yashaya’s policy has been cancelled by the carrier, a move that has left his business “paralyzed,” according to court papers filed in Manhattan Supreme Court.
“I did everything I was supposed to have done,” said Yashaya. “This is an accident. This is why we have insurance, for accidents.”
Lloyd’s of London has yet to pay on Yashaya’s claim and the 45 year old jeweler has filed suit against the company, claiming breach of contract. He hopes to win $2 million in damages.
“They give me a hard time,” said the 45 year old Yashaya. “They know how to get your money.”
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