Press Releases

Firestar Diamond Bankruptcy Trustee Announces Auction of Inventory and Intellectual Property

Published

6 years ago

September 13, 2018

INSTORE Staff

(PRESS RELEASE) NEW YORK – Richard Levin, Chapter 11 Trustee of Firestar Diamond, Inc. and Fantasy, Inc., is liquidating the diamond and jewelry inventories of Firestar and Fantasy and their patents and trademarks and associated jewelry. These companies manufactured and supplied fine diamond jewelry to the largest and most significant retailers and online sellers in the US and globally.

The first live auction will be held Wednesday, September 26, 2018 for the Trademarks and Patents and Associated Jewelry. The next two auctions will be held on Wednesday and Thursday, October 3rd & 4th. All auctions will be held in New York City (location to be provided to qualified bidders only).

The Trustee will sell over $15,000,000 of high quality Platinum, 18K, and 14K Diamond Engagement and Bridal Rings, 18K, 14K, and 10K Diamond Studs in medium and commercial qualities, plus Bracelets, Necklaces, Pendants, and Ear Studs, and over $1,000,000 of loose Diamonds. Viewing in New York City available to qualified bidders by appointment only, weekdays, beginning September 10, 2018,

“Diamonds Are A Girl’s Best Friend” is just one of dozens of well-known trademarks to be auctioned in the Intellectual Property sale.

Patent rights for the exclusive 96 Facet, 98 Facet, 112 Facet “Opulent Cut”, and the “Patriot Star” cut are also included in the Intellectual Property sale.

In addition to the highly sought after Intellectual Property, the Trustee is offering 77 carefully assembled lots of diamonds and jewelry ranging in book price from $25,633 to $326,000. Most lots average approximately $125,000 and could sell for substantial discounts to book price.

There is a lot for every budget and every need. This liquidation auction of current styles and stock could be the buy of a lifetime.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”