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New York - Jewelry Manufacturer Inadvertently Tosses Almost $1M In Diamonds In Pre-Shabbos Rush

Published on: August 7, 2016 09:30 PM
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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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Read Comments (8)  —  Post Yours »

1

 Aug 08, 2016 at 12:07 AM Gew Says:

Diamonds are worthless anyway.

2

 Aug 08, 2016 at 05:03 AM newtransplant Says:

The thought occurs to me that if transactions documents were lost in a flood then surely one would immediately get a reassessement of their property for insurance purposes.

3

 Aug 08, 2016 at 08:24 AM Anonymous Says:

I truly feel sorry for this business owners, as such a mistake could have occurred to anyone; no matter how careful we are, sometimes, we inadvertently throw out the wrong items, or even leave items in a store, while shopping. Regarding the insurance carrier, it is no different than most insurance carriers. Unless one has substantiation and documentation, claims will fail. Insurance companies do not like to pay out anything on claims, even legitimate ones. Even when one has proof, they still take their sweet time in settling claims.

4

 Aug 08, 2016 at 09:46 AM kenyaninwhitehouse Says:

insurance companies are the biggest fraud, they ALWAYS give you a hard time, that's why always get the cheapest policy as they wont pay either way, think of it this way if all people with claims went the same day, insurance companies couldn't pay, its a Ponzi scheme and I agree with #1, diamonds are no different than the rocks you see in your garden, its all marketing to women.

5

 Aug 08, 2016 at 10:00 AM Butterfly Says:

Insurance companies love to take money but they hate to pay!

6

 Aug 08, 2016 at 11:09 AM TripleM Says:

Now that's a bad day at the office

7

 Aug 08, 2016 at 12:05 PM mr613 Says:

He will get back every penny and more!
Honoring the sanctity of Shabbos?
There's no way he won't be handsomely rewarded!

8

 Aug 08, 2016 at 01:52 PM Anonymous Says:

In todays modern day of age, are there no digital records of the transaction? I mean who was it bought from? They have no records either?

9

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