SimplexDiam Purchases Residual Samuel's Jewelry Inventory

The residual gold and diamond jewelry inventory from the Samuels GOB has been sold to SimplexDiam. It consisted of the balance inventory of 150 stores, or $90 million at retail making it the largest liquidation of a retailer’s residual jewelry inventory in the past 10 years

The composition of the inventory includes 33,000 pcs in several diamond jewelry categories including Bridals, Semi Mounts, Fashion, Earring Studs and Solitaires as well as some Lab Grown Jewelry.

Most notable about this inventory as per Shail Y. Madhvani Vice President of SimplexDiam “is the nice price points in keeping w the present diamond market prices - we have never seen nice diamond and gold bridal and semi mount product at such prices.”

SimplexDiam, is preparing to sell this inventory through its various trade shows from August through October. A list of these trade shows can be found here: The first trade show being this weekend August 10th to 12th at the SJTA Atlanta Jewelry Show.

SimplexDiam Inc. is an industry leading diamond and jewelry liquidation and asset recovery specialist, supplying close-out jewelry and diamonds to more than 1,500 accounts worldwide.

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Topics: SJTA 2019

SimplexDiam and Eaton Hudson Jewelry Advisors join forces to form consulting division to assist jewelers in time of transition

SimplexDiam Inc and Eaton Hudson Jewelry Advisors have joined forces to create a powerful and experienced joint venture to provide guidance to store owners seeking to turn around a business, sell off unwanted inventory, or liquidate an entire store. Jewelers looking to SimplexDiam and Eaton Hudson for sales support will find themselves inundated with experience and resources.   Their experienced management team and experienced staff will appraise the jeweler’s inventory, promote the sale to ensure high traffic, provide additional fresh well priced inventory to sell on consignment if the jeweler’s inventory is insufficient, bring in supplemental sales staff where necessary and provide an experienced sales supervisor to help coordinate the sale once it begins. The result is a sales event that leaves the jeweler in a much more advantageous financial position with the freedom to proceed with his plans.

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Topics: Press Realease

The Simplex Story

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Topics: Press & Media

SimplexDiam Purchases Entire 8,500 Piece JSN Jewelry Liquidation

SimplexDiam announced winning all of the jewelry lots in the JSN Jewellery Liquidation. JSN is the wholesale manufacturing division associated with Ben Moss, one of the largest retailers of fine jewelry in Canada consisting of 54 stores that are presently running a Going out of Business (GOB) Sale. The JSN sale is the largest jewelry liquidation in 2016 or approximately $4 Million at wholesale cost.

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Topics: JIS Miami Show

Jewelry Retailer News The Art Of The Sale

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Topics: Press & Media

SimplexDiam Offers New Consulting Service for Promotional Events

SimplexDiam, well-known for its closeout business, has introduced a consulting division that now offers retailers an à la carte menu for building, running, and advertising promotional events.

For retailers of fine jewelry who want to hold an anniversary sale, retirement sale, or an event simply to unload stale inventory, Darren Fries, director of SimplexDiam’s 9-month-old division, has a few tricks up his sleeve. Having helped retailers run these events for the past 23 years, he creates the advertising, adds well-priced inventory from SimplexDiam to fill in any holes, and assigns a consultant to physically remain at the store leading up to, and for the duration of, the event. “Prior to each event, I build projections based on the history of each business and the type of event it is. I can determine how much volume we can produce as well as inventory and profit margin expectations,” says Fries, adding that he has an 85 to 90 percent accuracy rate. “If they like what they see, we coordinate an event.” 


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Reduce, Reuse, Recycle, Reorder: How Closeout Companies Are Contributing to the Jewelry Supply Chain

Gone is the era of conspicuous consumption and, in its place, an appetite for value, environmental conservatism, and products that are made in the U.S.A. Companies that specialize in closeouts are increasingly finding themselves on the supply end of this demand.

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Topics: JCK

SimplexDiam Declared Stalking Horse for LID’s $16 Million Jewelry May 2008

Consensus Advisors- Stalking Horse Bid....

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SimplexDiam Inc. Wins $27M at Retail - Whitehall Residual Inventory

SimplexDiam, Inc announced today acquisitions of over $25,000,000 at retail...

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SimplexDiam Purchases All of Friedman’s $1.7 Million Residual Inventory July 2008

Friedman's Residual Inventory

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