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In the suit, Jason of Beverly Hills claims the rapper agreed to drop $28,275 for the jeweler's diamond pantheon watch back in August, 2012.
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JBH also claims Tyga -- real name Michael Stevenson -- borrowed a $63,000 diamond Cuban link chain in December, 2012 -- but never returned the piece.
Now JBH is suing for the cost of both pieces, plus late fees ... which just about doubles Tyga's tab to a whopping $185,306.50.
We called Tyga's peeps for comment ... but haven't heard back.
RICH FUN FACTS: Jason of Bev Hills has also iced up Justin Bieber, Mariah Carey, Diddy, Beyonce, and LeBron James. If nothing else, Tyga has good taste.
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