Julius Klein Diamonds LLC to Appeal Stafford Verdict

Julius Klein Diamonds LLC announced Wednesday it will seek to overturn the verdict against it in a lawsuit brought by jeweler John Stafford.

JKD said the verdict for $2.3 million in what has been dubbed the Case of the Missing Pink, was extremely disappointing. The case was tried in the United States District Court for the Southern District of Ohio.

“Our legal team will work to exonerate our company in an immediate appeal,” JKD CEO Martin Klein said.

Stephen E. Chappelear, who represented Julius Klein Diamonds LLC in the lawsuit, said reports that the jury awarded $6.9 million, “grossly mischaracterize the jury's verdict. We are confident our client will be vindicated on appeal.”