SimplexDiam Inc., the liquidation and asset recovery company, has been declared the winning bidder of the jewelry inventory in the bankruptcy auction of Martin Ross Group, the Canadian jewelry manufacturer.
The jewelry inventory includes 16,000 units ranging from $500 to $10,000 wholesale. The total wholesale value of the inventory exceeds $11,000,000.
In December SimplexDiam won the inventory auction of the company’s loose-diamond stock. That stock included 6,000 cts. of diamonds valued at $5 million wholesale.