Press Releases

SimplexDiam Buys JSN Jewelry Liquidation For $4M

Published

8 years ago

October 11, 2016

INSTORE Staff

(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 sales@simplexdiam.com or +1 (800) 233-1155, or visit its website at http://www.simplexdiam.com.

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

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