SimplexDiam Buys International Diamond and Gold Inventory

SimplexDiam recently purchased the inventory of the liquidated jewelry chain International Diamonds and Gold, said its chairman and CEO Yogesh K. Madhvani.

Of about $15 million in jewelry offered for sale, Simplex bought $11 million, Madhavani said.

The company also recently purchased inventory from Henry Dunay.

International Diamonds and Gold, once an eight-store chain based in Ohio, liquidated last year.