SimplexDiam Inc. of New York announced Monday, April 6 that it has acquired jewellery inventory assets held by Martin Ross Group of Canada during the auction.
The total value of the transaction amounted to more than $11 million for about 16,000 pieces of jewellery, each one having a value of between $500 and $10,000.
At the end of 2014, SimplexDiam also bought a stock of Martin Ross loose diamonds, many of which were of Canadian origin and are valued at about $ 5 million. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
