The estimated value of Erika Jayne’s infamous diamond earrings is much lower than the Real Housewives of Beverly Hills star originally thought.
Here’s everything you need to know.
Erika Jayne’s infamous earrings are about to be auctioned off for a stinking price.
According to recent reports, Erika Jayne’s $750,000 diamond earrings are estimated at between $250,000 and $350,000. The value is much lower than the purchase price.
For the ignorant, Jayne received a gift of jewelry from her estranged husband, Tom Girardi. He was recently charged with embezzlement.
Girardi was alleged to have stolen money from victims of a plane crash he was defending at the time. It was also revealed that the 83-year-old businessman used the money to buy Jane’s earrings and other expensive personal items.
Aside from that, in November Jayne announced her separation from Girardi and filed for divorce shortly after. The couple married in January 2000, when Girardi was 60 and the singer was 28.
Erika Jayne’s diamond earrings will go on sale in December.
John Moran Auctioneers has already auctioned off numerous items acquired from the Girardi estate. It comes after Tom Girardi’s embezzlement case.
However, the auction house will reportedly be selling Erika Jayne’s infamous earrings at a separate event next month on December 7th.
‘They are probably the most talked about piece of jewelery in the world right now,’ says Stephen Swan, the company’s vice president. It adds an unknown element of excitement and interest.’
“We haven’t set a starting bid yet. But since it’s a court-ordered sale, a starting bid would be very attractive.”
Meanwhile, despite her enthusiasm for earrings, Jane continues to defend herself as to why she is entitled to own diamond jewelry.
Jayne was seen telling her co-stars that she would not separate herself from the earring unless a judge ordered her to. Ironically, this actually happened in a recent incident.
In June, Judge Barry Russell said that “settlement funds from a trust account created for a class action lawsuit handled by Thomas’ company, Girardi Keese, were used to pay for the diamond earrings.”
Furthermore, the judge said she believes the Bravo reality TV star was unaware of her husband’s actions. But she still has to return her stolen property.
Earring update: Erika’s attorney needed a one-day extension. They will submit a briefing tomorrow. Sale is in 3 weeks. Rumors are flying that Erika is going to get someone to buy it back. @erikajayne. We will bid on them. A decision can take several months, so we’re going to auction. pic.twitter.com/0mREKv25Cf
— Ronald Richards (@RonaldRichards) November 14, 2022