Oops: Erika Jayne was able to see her prized diamond earrings, reported to have cost $750,000, go up for auction for a much lower price

Erika Jayne sees THE $750,000 earrings appraised at a MUCH lower price ahead of court-ordered auction

Erika Jayne was able to see her prized diamond earrings, reportedly worth $750,000, auctioned off for a much lower price.

She and her estranged husband Tom Girardi are currently facing a slew of legal troubles over allegations that Girardi, 83, a disfellowshipped attorney, embezzled millions in settlement funds from his clients and that Jayne, 51, aided in his misconduct to keep her top class finance lifestyle.

Girardi was accused of spending $750,000 in embezzled money on the earrings that Erika was scheduled to court auction over the summer.

Now the jewelry has been appraised prior to the sale being handled by John Moran Auctioneers in partnership with ThreeSixty Asset Advisors. Their value was estimated at $250,000 to $350,000, according to TMZ.

Oops: Erika Jayne was able to see her prized diamond earrings, reported to have cost $750,000, go up for auction for a much lower price

Bling: Her estranged husband Tom Girardi has been accused of spending $750,000 in embezzled money on the earrings Erika was scheduled to court auction

Bling: Her estranged husband Tom Girardi has been accused of spending $750,000 in embezzled money on the earrings Erika was scheduled to court auction

The auction house’s vice president said in a press release last month, “In terms of value, since this is a court-ordered sale, bidding will start at around $200,000.”

Earlier this year, as allegations swirled around Girardi, Jayne was asked by a bankruptcy trustee to hand over the earrings.

In court documents obtained by DailyMail.com, Jayne agreed to “put the earrings into a third party escrow account” while the claim was investigated.

Then in June, a judge ordered her to auction the earrings, saying he didn’t think Jayne “knew the earrings were stolen property” when she got them.

Scandal: She and her estranged husband Tom Girardi are currently facing a spate of legal troubles over allegations that Girardi, 83, a disfellowshipped attorney, embezzled millions

Scandal: She and her estranged husband Tom Girardi are currently facing a spate of legal troubles over allegations that Girardi, 83, a disfellowshipped attorney, embezzled millions

Appraisal: Now the jewelry has been appraised prior to the sale being handled by John Moran Auctioneers in partnership with ThreeSixty Asset Advisors

Appraisal: Now the jewelry has been appraised prior to the sale being handled by John Moran Auctioneers in partnership with ThreeSixty Asset Advisors

However, the judge concluded that “settlement funds from the escrow account set up for a class action lawsuit conducted by Thomas’ company Girardi Keese were used to pay for the diamond earrings.”

When Jayne appeared at BravoCon last month for her show The Real Housewives Of Beverly Hills, she told Us Weekly the earrings are not for sale and are “on appeal.”

However, the vice president of John Moran Auctioneers told Page Six that his company would be auctioning off the jewelry on December 7th.

“They’re probably the most talked about pieces of jewelry right now, which adds a kind of unknown excitement and interest factor,” he added.

Reduced to size: Their value has been estimated at between $250,000 and $350,000, TMZ claims

Reduced to size: Their value has been estimated at between $250,000 and $350,000, TMZ claims

Ouch: In June, a judge ordered her to auction the earrings while saying he didn't think Jayne

Ouch: In June, a judge ordered her to auction the earrings while saying he didn’t think Jayne “was aware the earrings were stolen” when she got them

Controversy and debate swirled around the topic of whether Jayne should ditch the statement jewelry.

An entire episode of “The Real Housewives Of Beverly Hills” was named after the scandal this year – “The Girl With Diamond Earrings.”

Jayne was seen furiously defending her decision to keep the jewelry, insisting, “I’m not guilty, that’s why I fight as hard as I do.”

Her co-stars Crystal Kung Minkoff and Garcelle Beauvais were on the other side of the question, arguing that she should let go of the earrings.

'I'm Not Guilty': An entire episode of The Real Housewives Of Beverly Hills was named after the jewelry scandal this year - Girl with Diamond Earrings

‘I’m Not Guilty’: An entire episode of The Real Housewives Of Beverly Hills was named after the jewelry scandal this year – Girl with Diamond Earrings

Jayne was adamant, insisting the matter should be decided “in court, not in the court of public opinion”!

Minkoff said in a confessional, “Whether or not your husband was convicted of the crimes, why can’t you show sympathy?”

“If you don’t understand that you’re an amateur, go away,” Jayne said. “You believe that just because someone says so?”

In July this year, a federal bankruptcy judge allowed Girardi’s estate to hire an auctioneer to sell a flurry of his valuables, with the proceeds going to his creditors, according to the Bloomberg law.

Throwback: Jayne has debunked the widespread suggestion that her decision to file for divorce in November 2020 was a

Throwback: Jayne has debunked the widespread suggestion that her decision to file for divorce in November 2020 was a “sham” to protect her and Girardi’s fortune

A stunning array of items from their former marital home were put up for sale, including a 1997 200th Anniversary Steinway piano that sold for $48,750.

One of the items auctioned was the 17th-century English first edition of Niccolo Machiavelli’s seminal writings on politics, which fetched $3,250.

Renowned for his ruthlessness and cynicism, Machiavelli’s political philosophy helped popularize the axiom that the end justifies the means.

The sale, conducted by John Moran Auctioneers, took place at 12 noon on September 21 and included several items from Jayne and Girardi’s Pasadena mansion.

Claims: When Jayne (pictured) appeared at BravoCon last month in support of her show, she told Us Weekly the earrings are not for sale but are “on appeal”.

Girardi bought the spread in 1980 and married Jayne two decades later, after which the property became her marital home until it went on the market last year.

The home found a buyer this summer after a series of humiliating price drops that took its value from $13 million to less than $8 million, Realtor reported.

Girardi himself has been diagnosed with Alzheimer’s and dementia and was placed under a conservatorship last year.

Allegations: Girardi, who now lives in a nursing home, is accused of embezzling millions of dollars in severance pay from the families of the victims of the 2018 Lion Air crash

Allegations: Girardi, who now lives in a nursing home, is accused of embezzling millions of dollars in severance pay from the families of the victims of the 2018 Lion Air crash

The December earring auction comes five months after Jayne was served with a $50 million racketeering lawsuit when she arrived at LAX from a vacation in Hawaii.

The lawsuit alleges that she and Girardi “misappropriated client severance pay to project an image of wealth and support a lifestyle made for reality TV.”

Court documents paint Jayne as the “frontwoman” for Girardi’s law firm, Girardi Keese, “selling the world” an image of the outfit as a “successful” company.

Humiliation: December's earring auction comes five months after Jayne was served with a $50 million extortion lawsuit when she arrived at LAX from a vacation in Hawaii

Humiliation: December’s earring auction comes five months after Jayne was served with a $50 million extortion lawsuit when she arrived at LAX from a vacation in Hawaii

The evicted Girardi, who now lives in a care home, is accused of embezzling millions of dollars in severance pay from the families of victims of the 2018 Lion Air crash that killed all 189 people on board.

Jayne has staunchly denied knowing anything about Girardi’s alleged financial improprieties, telling The Real Housewives Of Beverly Hills, “That’s not me and I hope that’s not who he is.”

She has also debunked the widespread suggestion that her decision to file for divorce in November 2020 was a “sham” to protect her and Girardi’s assets.

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