Bryant reached a settlement with a New York-based jeweler over non-payment for $246,000 worth of jewelry.
Mikel J. Bowers, attorney for A+A Diamonds and Rafaello Company, which filed a suit against Bryant last month, confirmed a settlement was reached but wouldn't disclose the terms.
Bryant purchased $267,000 worth of jewelry from A+A Diamonds LTD d/b/a Rafaello & Company, which makes high-end jewelry for celebrities and athletes.
Bryant's attorney, Texas state Sen. Royce West, had said they were trying to settle the issue, which eventually happened.
Bryant's most expensive purchase was a $60,000 custom charm bracelet. He made the purchases on four different days last year, spending as much as $144,000 on Feb. 8, 2010, according to court documents.
Bryant was unavailable for comment.
Another lawsuit filed by Eleow Hunt, a Colleyville, Texas, jeweler and ticket broker, said Bryant hasn't paid for jewelry and tickets to sporting events or repaid personal loans that collectively total in excess of $600,000.
That suit hasn't been settled as yet.
David Wells, an adviser for Bryant, did not respond to a request for comment.
Calvin Watkins covers the Cowboys for ESPNDallas.com.