SimplexDiam Inc is the jewelry industry’s leading liquidation specialist, supplying closeout jewelry and diamonds to more than 1,000 accounts worldwide. Founded in 1983, we have worked with Zales, Amazon.com, Friedman’s, Samuels, Ultra, Value City, Boscovs, Belk’s, and virtually every other major retailer of fine jewelry in the United States.
A Leading New York City bank
To appraise such a wide variety of precious and semi-precious mounted and loose stones would have been very difficult without your help. Specifically, your suggestion on how to segregate the inventory in order to maximize perceived value had a substantial impact on the final sell price.
Christopher G. Ellis, President: Consensus Advisors LLC
SimplexDiam Inc. played a number of significant roles during the valuation phase and eventual auction of the $70 million of LID inventory. Their efforts contributed to a greater than expected recovery from the sale of the inventory. We value SimplexDiam Inc's input and would readily work again with such an industrious team.
Bill Boyajian, Former President of GIA
We have been working with SimplexDiam Inc. and the Madhvani family for some time, and are impressed with their industry knowledge and ability to work on many different creative projects. They are true pioneers and we regard their contributions highly.
Jim Rodriguez, Owner: Diamond Exchange
We have been customers of SimplexDiam Inc. for many years and have always been impressed by the value of their jewelry. There is no doubt that they are a rare find.
SimplexDiam Case Studies
Martin Ross Group Diamonds & Jewelry ®
Purchased both diamonds and jewelry in 2 separate public auctions
More than 12 bidders for greater than $15M at wholesale
Approximately 6,000 Cts of diamonds and 16,000 pcs of jewelry ranging from silver to 18k designer pieces
Price points from $20 to $10,000
The largest public liquidation from 2011 to 2015
Henry Dunay ®
Purchased inventory valued over $50 million at retail
1st public example of SimplexDiam's involvement in high-end pieces
Unique high-value items (Rings at Retails of $50,000 and above)
BB&B ® American Heritage Collection
Remaining small collection of estate pieces from America's oldest jeweler to make it into the 21st century
1st public example of SimplexDiam's involvement in estate pieces
Pieces range from mid-19th century to present
Pieces include pocket watches, antique rings, broaches, etc.
Many pieces complete with original boxes from BB&B's Philadelphia location
Example Pieces:
Residual Merchadise purchased after GOB sale
SimplexDiam purchased majority of inventory despite participation by almost all closeout players
Inventory also included a 7.51 ct heart shape diamond as well as several fancy colored diamonds
Downey Creations ®
Residual Merchandise purchase post-GOB
SimplexDiam purchased all of the inventory despite spirited 2 rounds of bidding by most closeout players and many diamond wholesalers
Majority of inventory consisted of loose diamonds of all shapes and sizes between 0.20 to 1.50 cts
Also included a significant concentration of VS to SI1 semi-mounts in white and yellow gold in 14kt and 18kt
363 Case Study: LID ®
SimplexDiam worked closely with Consensus and the banks
We were a stalking horse in the deal
Banks brought us in after several other valuations
Worked with Consensus to create a valuation for all parties involved and made an offer for the $43 million in jewelry inventory in December
Inventory sold for less than 10% more despite "spirited" bidding
Auction Case Study: Fortunoff ®
Demonstrated the strength of SimplexDiam's Proprietary Auction Methodology!
Guaranteed a Recovery on Fortunoff's Residual Diamond Inventory
Prepared Lots and combined internet, mail, phone, in-show, and guerilla marketing
Recruited Serious Domestic and International Bidders
Recovered greater than 73% on Fortunoff's cost value!
Likely the greatest recovery at a trade auction
Wholesale Brand Purchase Case Study: Colibri ®
SimplexDiam purchased Colibri's entire residual inventory in May 2009: approximately 18,000 pieces
Purchased a wide variety of branded product including Krementz ® , Princess Pride ® , Dolan Bullock ® , etc.
Valuation included atypical merchandise such as money clips, pocket watches, alternative metal, and gold-filled products
Retail Brand Purchase Case Study: Christian Bernard ®
SimplexDiam purchased the bulk of the Christian Bernard residual inventory in April 2009
Bid against many other closeout companies
Premium paid for brands - Testament to SimplexDiam's ability to value brands
Purchased a wide variety of branded jewelry including: Christian Bernard®, Ritani®, Tacori®, and Hearts On Fire®
Augment Provider Case Study
Approached by a leading liquidator to be the lead augment inventory provider for a major chain liquidation
Performed detailed inventory data analysis for valuation and structuring of augment inventory
Committed to providing $50 million in targeted augment inventory at wholesale
Purchase Case Study: Whitehall ®
SimplexDiam purchased the bulk of the Whitehall residual inventory in January 2009
Bid against many other closeout companies
Purchased lots in a wide variety of categories including: jewelry, loose gemstones, repairable jewelry, gold, colored gemstone jewelry, etc.
Purchased approximately $15 million at retail of residual inventory.
SimplexDiam has been amongst the highest bidders for jewelry at retailers over the last 20 years
Disclaimer:
Henry Dunay ®, BB&B ®, IDG Jewelers ®, Downey Creations ®, are not trademarks or copyrights of SimplexDiam Inc. SimplexDiam Inc. is in no way affiliated with the brands or any companies that own or license the brands. Product is, however, documented as product from the brands liquidated by the estate from sample lines, stock, and customer returns.
Fortunoff ®, Krementz ®, Princess Pride ®, Dolan & Bullock ®, Christian Bernard ®, Tacori ®, Ritani ®, and Hearts On Fire ® are not trademarks or copyright of SimplexDiam Inc. SimplexDiam Inc. is in no way affiliated with the brands or any companies that own or license the brands. Product is, however, documented as product from the brands liquidated by the estate from sample lines, stock, and customer returns.
