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OTRC: Lindsay Lohan necklace to be auctioned off to charity by jewelry store

The very necklace that could send Lindsay Lohan to prison again will be auctioned off by the jewelry company accusing the actress of grand theft, Kamofie & Co. According to a statement by the company obtained by OnTheRedCarpet.com, the profits from the auction will go to charity.

"Geoff and Sofia Kaman, the owners of Kamofie and Company, the store where Lindsay Lohan is accused of stealing a stunning designer diamond necklace, have decided to auction the necklace off and donate the entire proceeds to charity," the statement said.

"The extensive media coverage of this case has been surprising, to say the least, and we are disappointed and upset by the various articles which have challenged our integrity," the statement said, referring to the store's recent sale of the surveillance tape featuring the actress in the store.

The video was sold by a representative of Kamofie to a commercial images unit of The Associated Press, which then licensed it exclusively to "Entertainment Tonight." The footage aired on the show on Monday. The video is key evidence in determining if the actress is guilty of felony grand theft.

In the 42 minutes of footage, the troubled actress can be seen trying on jewelry from four different cameras before she allegedly steals a $2,500 necklace.

Lohan is accused of stealing the necklace on Jan. 22, three weeks after she was released from court-ordered rehab. The Los Angeles Police Department issued a search warrant on Feb. 2 for Lohan's home to try to find the necklace, but it was returned to police before the warrant was served.

Shawn Holley, Lohan's lawyer has said the actress' case is "entirely defensible" but that they "will entertain a discussion concerning a plea if it means no jail so that she can move forward with her recovery and her career."

"We have already publicly released the videotape which speaks for itself and accurately records the incident, and we believe the next step toward achieving closure is to donate the now-famous jewelry to charity. Thus, we have decided to sell the diamond necklace through auction, and give the proceeds to charity," Kamofie's statement continued.

The necklace will not be put to auction any time soon however, as it is being held as evidence by the Los Angeles District Attorney. The auction cannot take place until after the case is resolved.

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