Eight store jewelry chain International Diamond and Gold is closing after it was put into receivership, according to the Columbus Business Journal.
The Columbus-based jeweler was put into receivership at the request of Huntington National Bank, which said the retail chain defaulted on a $12.3 million loan, the newspaper said.
All eight of the company’s stores – four in Ohio and four “International Jewelers” locations in Seattle – will be liquidated, the Journal wrote.
According to the company’s website, the chain began in 1985 by owner Uziel Haimoff.
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