Using the IRAC method
Minh has a large jewellery collection and likes to invest in precious jewels, such as diamonds. Minh saw a beautiful diamond ring in the window of Fine Jewellers. She spoke to the sales person who thought the diamond was of very high quality. Minh purchased the diamond for $5,000 and shortly after had it valued for insurance. The expert who valued the diamond said, “This is worth about $100, it is full of flaws and rubbish quality.” Both Minh and Fine Jewellers were shocked, as they had both believed the diamond was a genuine high quality diamond. Advise Minh whether or not she can avoid the contract and get her money back because of the mistake. Use relevant cases to support your answer. Do not discuss the Australian Consumer Law.