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: http://www.simplexdiam.com/for-buyers-upcoming-tradeshows. 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.