The only ice Jacob the Jeweler will be admiring is the one in his tin cup while serving time in jail (wait — do they even serve ice there?). Notorious "King of Bling" Jacob Arabov, has been sentenced to 30 months in prison after pleading guilty to all charges of laundering over $270 million in drugs for the Black Mafia Family.

Arabov was well-known in the hip-hop community for his oversized watches and high-carat offerings. His over-the-top jewels first caught the attention of late rapper Notorious B.I.G. and has since grown his client list to include Paris Hilton, Jay-Z, Beyoncé Knowles, Madonna, and Victoria Beckham.

The situation could of been a lot worse for Arabov who was looking at 20 years if convicted at trial. "Jacob Arabov and his counsel are pleased that Judge Cohn recognized the amazing story of Jacob, who at age 14 emigrated from the former Soviet Union, came to the US with nothing, and yet managed to become one of the most respected, beloved, and successful jewelers in the world," said Arabov's criminal defense lawyer, Benjamin Brafman.

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