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Fifth Street Jewelers: Miller Moran

Frey, Sherwood C. ...

Case

Fifth Street Jewelers: Miller Moran

Frey, Sherwood C. Jr.

QA-0706 | Published July 18, 2007 | 3 pages Case

Collection: Darden School of Business

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Miller Moran, an attorney serving pro bono as executor for the estate of a friend's mother, was attempting to sell a 3.5-carat diamond ring whose lineage could be traced back to the Eastern European branch of the family and the Romanovs. An estate liquidator had offered $18,000 for the ring, but Moran believed this was a low-ball offer because Internet searches had suggested numbers in the range of $30,000 to $35,000. The ring had been couriered to Fifth Street Jewelers for Dana Frasier, the owner, to examine prior to their meeting the next morning. See also "Fifth Street Jewelers: Dana Frasier" (UVA-QA-0705).