Courtney Love Held Responsible for Missing Jewelry

Rocker must pay over $100K to Jacob & Co.

Courtney Love Credit: Pier Marco Tacca/Getty Images

Hole frontwoman Courtney Love is being held responsible for more than $100,000 worth of missing jewelry. Love borrowed the items – including two white gold diamond chains, a white gold floral mesh cuff bracelet and a pair of gold diamond earrings – from Jacob & Co. to dress up for the New Yorkers for Children Benefit at Cipriani's last year.

According to court papers, Love had signed an agreement with the jeweler acknowledging the worth of the items and agreeing to return them on demand. The rocker claims that she tried to bring them back, but that the staff of the Mercer Hotel, where she was staying at the time, lost the bag containing the chains and earrings. Love filed a police report over the missing pieces last November.

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Manhattan federal Judge Doris Ling-Cohan has ruled that Love is responsible for the missing jewels, but does not necessarily need to pay the full $113,000 plus interest demanded by Jacob & Co. "Jacob seeks to rely on the retail price of the lost jewelry that is recited in the memo," but they are entitled only to “reasonable value/market value," the judge said.