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I Got Screwed In $850k Jewelry Deal

File Under: Extremely Rich People Problems!

Magic Johnson says he borrowed $850,000 in fancy jewelry for his wife for their big 25th wedding anniversary last year ... only to get completely ripped off by the jeweler.

It's all part of a new lawsuit Johnson filed against Gina Amir Atelier ... a Bev Hills jewelry business that Johnson refers to as a "thieves den."

Long story short ... Johnson says the store took a $250k deposit so he could use 2 pieces of jewelry -- a gold and platinum ring covered in diamonds and a HUGE platinum necklace with 101 white diamonds.