Quarterback’s diamond price spirals out of control: Suit

Sometimes, diamonds are not forever.

New Orleans Saints quarterback Drew Brees and his wife Brittany purchased jewelry that was worth millions from a San Diego merchant. In a recent lawsuit, Mr. Brees alleges he was overcharged for the jewelry, and that he wants at least $9 million in damages.

They filed the lawsuit Monday in California Superior Court against Vahid Moradi of CJ Charles Jewelers. The lawsuit alleges the couple spent about $15 million on diamonds as investments. They later heard from an appraiser that the jewelry was worth much less — about $9 million less, The Washington Post reported.

Mr. Moradi claims he has not done anything wrong because the jewelry could be resold in 10 to 15 years. The lawsuit accuses Mr. Moradi of fraud, breach of contract and violations of California business regulations, according to The Post.