JCK Exclusive: Michael Beaudry Files For Chapter 11

Noted jewelry designer and manufacturer Michael Beaudry filed for Chapter 11 on June 4, court records show.

California-based “Centerstone Diamonds” concurrently filed for Chapter 11, the papers say.

Top unsecured creditors include Olympic Diamonds (owed $253,000), Espeka Israel ($170,000) and Inter Gems ($158,000). Other top trade creditors include Diamond Investment Partners, Khotari Trading Co. and Lili Diamonds.

Estimated assets are $10 to $50 million. Liabilities were not listed.

According to the Los Angeles Times, in January Beaudry listed his $13.5 million house.