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.

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”