Surya Capital Buys Robbins Diamonds Inventory at Auction

New York City–based Surya Capital, working in association with
Buxbaum Jewelry Advisors, recently purchased the inventory of Philadelphia
jeweler Robbins Diamonds’ flagship store at a sealed bid auction.

The inventory of loose diamonds and diamond jewelry was
valued at approximately $1.6 million at cost.

Leo Robbins & Sons., which operates under the Robbins
Diamonds name, filed for Chapter 11 bankruptcy protection in December 2009.

To receive the latest jewelry news and blogs every day in
your inbox, subscribe to JCK’s e-newsletter here.