No Deal! Court Cancels Accidental Bargain Price for 20 Carat Diamond

[PinkDiamond]

No Deal! Court Cancels Accidental Bargain Price for 20 Carat Diamond
A miscommunication led to a cruise ship passenger scoring a $4 million diamond at a fraction of its intended price
Rob Bates | April 11, 2016

"A cruise line was within its rights to nix a deal with a passenger to whom it inadvertently sold a 20 ct. diamond worth millions for $235,000, according to an April 7 ruling from Miami-Dade County trial court.

The case stemmed from an unexpectedly fateful February 2013 trip aboard Starboard Cruise Services taken by antiques and jewelry dealer Thomas DePrince.

DePrince saw a 20.73 ct. E VVS2 emerald-cut diamond at an onboard jewelry store and asked about its price. The store manager had never sold a diamond of that size before and emailed the company’s corporate office. The office then contacted its supplier, who responded the price was $235,000. That turned out to be the per-carat price, but the salesperson didn’t know that. After DePrince consulted with his life partner, a gemologist, he scooped up the diamond for $235,000. It was meant to sell for $4.85 million.

Starboard discovered the mistake five days later and canceled the sale, offering DePrince discounts on further cruises. But DePrince wanted his deal and filed suit in Miami-Dade County court, claiming breach of contract.

In the first round, a Miami-Dade County circuit judge granted the cruise line’s motion for summary judgment, arguing that the company had made a unilateral mistake, and DePrince would not suffer any damages if the deal was canceled. But Florida’s Third District Court of Appeal reversed the ruling, calling it ..."
http://www.jckonline.com/2016/04/11/no- ... -306540353