News

Advanced Search

Press Release: Simplex Diam Buys Martin Ross Group Jewelry Inventory

Apr 6, 2015 3:34 AM   By Simplex Diam
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Press Release: 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.

Approximately 16,000 units of jewelry were purchased, with a wholesale value range of $500 to $10,000 and total value of over $11 million. Prior to the bankruptcy filing, the Martin Ross Group  included Libman and Co. and Master Design jewelry brands and were among the largest jewelry manufacturers in Canada.

Before the jewelry auction, Simplex also bought a significant amount of certified Canadian diamonds, Argyle pink and natural fancy yellow diamonds held by the Martin Ross Group. Including the diamond inventory, the total wholesale value of the inventory purchased by Simplexdiam was nearly $16 million.

Simplex will be re-distributing the jewelry and diamond inventory to retailers and wholesalers at trade shows and from their New York office. Interested parties may contact Simplex at http://www.simplexdiam.com/contact.

About Simplex Diam Inc.
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.

Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
Tags: Argyle diamonds, bankruptcy, Canada, liquidation, Martin Ross Group, Simplex Diam, yellow diamonds
Similar Articles
IGI labIGI Reopens Global Offices
Jun 01, 2020
The International Gemological Institute (IGI) has reopened several offices around the world following coronavirus-related
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.