Connect with us

Press Releases

SimplexDiam Buys JSN Jewelry Liquidation For $4M

mm

Published

on

(Press Release) SimplexDiam Inc. has won the entire JSN jewelry liquidation consisting of 8,500 pieces, primarily in commercial price points below $500 wholesale.

The sale is the largest jewelry liquidation in 2016, according to SimplexDiam, at about $4 million at wholesale cost.

JSN is the wholesale manufacturing division associated with Ben Moss, one of the largest retailers of fine jewelry in Canada with 54 stores that are currently running a going-out-of-business sale. Shail Y. Madhvani, executive vice president of SimplexDiam, said the inventory “consists of very classic, easy-to-sell items in lower price points similar to the Martin Ross Liquidation we purchased last year.”

The company’s CEO, Yogesh K. Madhvani, added: “The styling should work well for USA, UK, Canada as well as Australia.”

The company said the Martin Ross Liquidation that it purchased in 2015 was the largest liquidation in North America in the last five years.

SimplexDiam will be selling the inventory at the JIS Miami show (Oct. 14-17), the NY JA Delivery show (Oct. 30-Nov. 1) and at its New York offices. For more information, contact SimplexDiam at [email protected] or +1 (800) 233-1155, or visit its website at http://www.simplexdiam.com.

Advertisement

SimplexDiam is a diamond and jewelry liquidation and asset recovery specialist.

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular