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The spokesman, who says the initial estimate was provided in good faith, adds that "inquiries are continuing" and there have been no arrests in the case. The jewelry – diamond earrings and a necklace – is said to be from Dior, but the company has not confirmed that.
The items in question were being worn for a feature intended for an upcoming issue of the U.K. edition of Elle.
When news of the investigation broke, Lohan's mother Dina defended her daughter, saying that any finger-pointing at the 23-year-old was "defamatory, false and unfair" – while a spokeswoman for Elle said the magazine had "no reason to believe that Lindsay Lohan was in any way responsible and has no further comment to make."
– Simon Perry
JOSH & FERGIE: ROCKED BY SCANDAL
Did he cheat with a stripper?
Married less than a year, the couple denies an Atlanta woman’s claims that she and Josh had a fling
Note that this week’s cover of PEOPLE may differ regionally
