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Jewelry Company to Shut Down Plant, Cut 42 Jobs

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Its parent was acquired this month.

Jewelry manufacturer Samuel Aaron Inc. plans to shut down its operations in Mount Vernon, NY, with 42 jobs to be cut.

The closure is set for April, the Journal News reports. The newspaper cites a filing with the state Department of Labor.

Samuel Aaron produces DiamonLuxe simulated gemstone jewelry along with other products.

Richard Katz, chief operating officer for Samuel Aaron, was not available for comment, the Journal News reports.

The layoffs are set to begin April 12 and continue over a two-week time frame.

Samuel Aaron, which has several hundred employees worldwide, is part of the Aaron Group. The Aaron Group was acquired this month by Richline Group, a wholly owned subsidiary of Berkshire Hathaway.

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Richline’s CEO, Dennis Ulrich, said in an earlier press release that the acquisition “will allow The Aaron Group to continue as the leader of bridal, three-stone and fashion diamond and gemstone fine jewelry while leveraging Richline’s advanced capabilities across our entire jewelry value chain.”

Read more at Journal News

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After serving the San Antonio, Texas community for decades, C. Aaron Peñaloza Jewelers closed its doors earlier this year. Aaron and Mary Peñaloza, the store’s owners, chose Wilkerson to handle their retirement sale. “In the first six days, we did six months’ worth of business,” says Aaron. “In the first three weeks, we did a year’s worth of business.” Mary Peñaloza says Wilkerson’s ability to tailor the sale to their store’s requirements really made it all so much easier. “They are professionals,” she says. “They know what they’re doing. They have a plan, but they will listen to you and adjust that plan to your needs.”

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