Lindsay Lohan: over-priced jewelry could be good defense

This information is important in the case as a California law states that in order to charge a defendant with a felony, the item in question must have a fair market value of more than $950.

Kamofie & Company was selling the necklace for $2,500 but the people at TMZ claim they questioned three prominent jewelers in L.A. and they believe the price is inflated.

Here’s what they discovered: one jeweler the necklace is “a dime a dozen,” and wouldn’t sell it for more than $1,000.

The second said the necklace is “most likely an industrial-type diamond, not gem quality” and valued it at no more than $900.

“I don’t believe this necklace has 8 carats of diamonds. It’s so thin,” another jeweler claimed. She also said she would price it at $800 and even less.

In this case, Lindsay could only be charged with petty theft, a misdemeanor, and get a maximum penalty is 6 months in L.A. County Jail.