Bobby Shmurda Blows $100K On Jewelry First Week Out!! (Vid)

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Rapper Bobby Shmurda was released from prison last week, and received nearly $200,000 in advances from his record label.

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Well MTO News learned that he's already spent half that money - on jewelry.

Bobby took to Instagram last week to show himself off blowing stacks at two of New York's hottest jewelers. First, the Brooklyn rapper made his way to Icebox, where he dropped $55K on a few chains and a watch.

But there's more. Then the newly freed rapper made his way over to Avianne Jewelers in NYC, where he dropped another $45,000 on a new watch.

According to social media reports, Bobby will spend the weekend getting a new luxury car as well.

We're glad Bobby's free and sure many hip hop fans are happy he's back as well, but he may wanna slow down with the spending. An advance is akin to a loan.....

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