New York-based Enchanted Diamonds – part of Online Diamonds International – has filed for Chapter 7 Bankruptcy amid a spike of consumer complaints.
Published 5:00 AM EDT Jul 4, 2019
Overall, customers and others are out more than $1.8 million. Some victims lost five figures.Sure, some skeptical consumers might wonder why anyone would buy a diamond, such a precious investment, essentially sight unseen. But people are buying plenty of big-ticket dreams online these days, including wedding dresses.
The man asked that his name not be used because he still plans to propose this summer to his longtime girlfriend. He's working on buying another diamond. The next purchase will be on a credit card. The last one drained half off his bank account. Zuzula is listed as a creditor in bankruptcy filing with a total unsecured claim of $6,660. Another creditor who lives in Rochester Hills, Mich., is listed with an unsecured claim of $13,200.Zuzula's story gives consumers more reason to pause when they spot a great deal online, especially if the sales pitch starts involving the wiring of money to quickly seal the deal.
But at one point, as part of the process, they were told that the diamond was at a show in Las Vegas.
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