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Bankrupt Jewelry Store Is Selling Off Everything — Including Its Iconic Chandelier

A move hurt the retailer’s business.

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Scheherazade Jewelers in Edina, MN, is shutting down, and everything must go — including its iconic chandelier.

The high-end store closed suddenly in March, then reopened in May for a 30- to 60-day going-out-of-business sale, the Star Tribune reports.

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According to the newspaper, the business in Edina’s Galleria filed Chapter 7 bankruptcy in March.

Owner Scott Rudd is no longer working in the store. It’s being staffed by “a couple of longtime employees and workers from Eaton Hudson liquidation company,” the Star Tribune reports.

In a recent Facebook post the store said it’s accepting silent bids for its chandelier, along with “a variety of other decor, artwork and furniture.”


Most merchandise in the store has been discounted 20% to 60%, plus another 10 % off the initial discount.  Proceeds will go to unpaid wages as well as other debt, according to the Star Tribune.

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The store’s financial troubles have been linked to a move from a high-visibility location in the Galleria to a less prominent one.

Read more at the Star Tribune

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

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Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

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