It is possible they just rented the jewelry, but it is more likely they were loaned to jewelry with a promise to pay after the draft.
Either way Hood and Early went all out on their draft day bling according to TMZ.
Hood purchased a $50k diamond-coated stainless steel Breitling Bentley watch and a $30k on a 18-carat gold and diamond bracelet with princess cut and round diamonds.
Early spent $62k on yellow gold watch and a Cuban link diamond bracelet
Hood was drafted in the 1st round so his contract is guaranteed, but since Early was drafted in the 2nd round his contract is not guaranteed and will have to fight for a roster spot.