Ivanka Trump Fine Jewelry is reportedly being sued for more than $20,000 in missed payments.
Italian jeweler, Raselli Franco, claims he sold Ivanka’s company $56,833 worth of jewelry last year.
The first-daughter’s company agreed to pay Franco in four installments, but they haven’t paid $21,222, according to TMZ.
Franco claimed that he gave Ivanka’s company an extension to pay the bill, never received a dime.
Ivanka Trump Fine Jewelry is reportedly being sued for more than $20K in missed payments
Italian jeweler, Raselli Franco, claims he sold the company $56,833 worth of jewelry last year. Pictured is one of Franco’s pieces
The first-daughter’s company agreed to pay Franco in four installments, but they reportedly haven’t paid $21,222. Ivanka launched her fine jewelry line in 2007 and it was her first venture into the fashion world (Trump Tower display in February above)
The payments started last year but at some point the company allegedly missed several payment deadlines.
This isn’t the first time Ivanka’s company has been slammed for skipping out on their bills.
In February, DailyMail.com revealed that Ivanka’s company was hit with a New York State lien on January 26, accusing the company of failing to pay over $5,000 in taxes, according to legal documents.
The Fifth Avenue jewelry store, located within Trump Tower, carries high-end pieces ranging from $1,000 to $20,000.
That incident came after a rocky few months for her clothing and jewelry lines when a number of major retail chains dropped her products from their shelves.
Department stores, including Neiman Marcus,’ also Nordstrom dropped her line in the beginning of February.
It all began when President Donald Trump lashed out at Nordstrom for dumping his daughter’s clothing line around the time he announced the travel ban.
‘My daughter Ivanka has been treated so unfairly by Nordstrom,’ the president wrote on Twitter last month. ‘She is a great person – always pushing me to do the right thing! Terrible!’
In March, the company faced another setback when Abigail Klem (pictured with Ivanka), who was appointed president of the company after Ivanka stepped down, confirmed that the brand would no longer produce a fine jewelry line
Instead they would focus on their more affordable collection of mass market trinkets. An $88 offering from Ivanka’s mass market line (left) and a $14,500 piece from the fine jewelry collection (right)
It is a shocking move for the company given Ivanka’s passion for her fine jewelry collection (pictured)
But Nordstrom told DailyMail.com at the time that Ivanka was personally told about its decision in early January – weeks before the travel ban.
A month later in March, Abigail Klem, who was appointed president of the company after Ivanka stepped down, confirmed that the brand would no longer produce a fine jewelry line, and instead they would focus on their more affordable collection of mass market trinkets.
‘As part of our company’s commitment to offering solution-oriented products at accessible price points, we have decided to discontinue the Ivanka Trump Fine Jewelry collection,’ said Klem in a statement at the time.
It came as a shocking move for the company given Ivanka’s passion for her fine jewelry collection, which was the first fashion line she ever launched back in 2007 with a party celebrating the opening of the first Ivanka Trump store in New York City’s Carlton Hotel.
Ivanka however had no say in the decision to stop producing the collection, having stepped down from her position in the company one week before she headed off to Washington DC with husband Jared Kushner and their three children.
The mass market jewelry line is one of those newer categories, having just been introduced last year and sells at what Klem described as ‘price points that are aligned with the rest of our collection’.
The price point is the key difference between the fine jewelry line, that used to be sold in approximately 50 stores across the country, and the mass market collection, which can be purchased at Lord & Taylor.
A perfect example is the two pendant necklaces made by the brand, which share a slightly similar style and drastically different price tag.
Started from the bottom: Ivanka at the 2007 launch party for the fine jewelry line in NYC, which was attended by President Trump and the First Lady (above)
Now we here: Ivanka featured her collection at her father’s properties when she was starting out in the business (above in 2007 by a display at the Trump Taj Mahal in Atlantic City)
Scandal alert: Ivanka found herself in hot water in November 2016 when she used an appearance on ’60 Minutes’ to promote her fine jewelry line (above)
One is constructed with faux pearl and goldtone zinc while the other features 18karat white gold, pearls and diamonds. That second offering also comes with a $14,500 price tag, as opposed to the $88 cost of the first necklace.
Ivanka was a big fan of the high end line, and frequently wore it for appearances on both television and while walking the red carpet.
It also landed her in hot water when the $10,800 gold and diamond bangle she wore during her father’s first post-election interview on ’60 Minutes’ was blasted out to the media, thus using her father’s position as president to promote her own business interests.
There is no line Ivanka has been so eager to promote and support over the years, ever since she first licensed her name back in 2007 and paired up with partner Moshe Lax, a New York diamond mogul.
However, Lax and Ivanka are no longer partners in the business.