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.