Press & Media

SimplexDiam Inc. today announced purchases of over $50 million at retail...

There's one part of Jewlery business that is setting records.

SimplexDiam Inc. announced today, closeout jewelry acquisitions of over $15,000,000 at retail in the past thirty days, $10,000,000 of which was acquired in the past fortnight. They have in-stock pieces by Tacori, Ritani, Hearts On Fire, David Yurman, John Hardy, Mikimoto, Lagos, Christian Bernard, Guy Laroche, Cacharel, Tissot, Hamilton, & Feraud.

SimplexDiam Inc. announced today that they have signed and finalized an agency agreement with Fortunoff to auction their residual diamond inventory.

SimplexDiam Inc. announced today that their auction of the Fortunoff loose diamonds recovered over 73% on cost. 73% recovery on retailer's cost at a wholesale auction is all but unheard of. Simplex reports over 30% better result than best comparable diamond auction.

SimplexDiam Inc. announced today that they purchased 20,000 pieces of closeout jewelry from the Colibri receivership, to add to existing inventory, and sold the bulk of it in 2 weeks due to the overwhelming traffic at their JCK Las Vegas show booth. They further announced an extension of the Fortunoff auction deadline to June 16th 2009.

Simplex Diam Inc. of New York announced that it acquired the jewelry inventory assets held by the Martin Ross Group of Canada at a bankruptcy auction.