New consulting division to assist jewelers in time of transition
SimplexDiam, Inc and Eaton Hudson Jewelry Advisors have joined forces to create a joint venture to provide guidance to store owners seeking to turn around a business, sell off unwanted inventory or liquidate an entire store. “Jewelers looking to SimplexDiam and Eaton Hudson for sales support will find themselves inundated with experience and resources,” says Eaton Hudson CEO Bob Epstein.
The companies’ experienced management team and staff will appraise the jeweler’s inventory, promote the sale to ensure high traffic, provide additional fresh, well priced inventory to sell on consignment if the jeweler’s inventory is insufficient, bring in supplemental sales staff where necessary and provide an experienced sales supervisor to help coordinate the sale once it begins. “The result is a sales event that leaves the jeweler in a much more advantageous financial position with the freedom to proceed with his plans,” Epstein added.
“We admire the SimplexDiam, Inc team for recognizing the importance of specific industry expertise in our line of work and are glad to be a part of the launch of this strategic partnership,” said Epstein. “With Eaton Hudson and SimplexDiam together we have a tremendous amount of resources behind us and can draw from the financial capital and back office operational structure of the company, allowing for a much greater expansion of the jewelry advisory services throughout the United States and Canada.”
About SimplexDiam, Inc.
For over 30 years, SimplexDiam has been one of North Americas leading sources for closeout jewelry as well as for jewelry manufactured in the USA. The company focuses on several sources for its diamond and jewelry closeouts including retailers, wholesalers, manufacturers, pawnshops, gold buyers, refiners, financial institutions and Chapter 7 and 11 trustees. SimplexDiam sells to over 1,500 retail accounts in the US and internationally. Purchases range from regular closeout diamond deals and commercial jewelry to well recognized branded jewelry and even important estate pieces auctioned at Christies & Sotheby’s. For more information visit www.simplexdiam.com.
About Eaton Hudson, Inc.
Eaton Hudson is owned by the Eaton Family, formally Eaton’s Department Store. It provides innovative and strategic solutions for the disposition of excess, obsolete and discontinued inventory and other assets. Using their financial strength and expertise, they partner with retailers, financial sponsors, strategic buyers, managers, lenders and advisors to develop creative and transparent structures that align interests, enhance liquidity and create positive outcomes. Eaton Hudson Jewelry Advisors has worked with some of the largest jewelry chains in the country including, Friedman’s, Whitehall, Fortunoff, Ross Simons, Michael C. Fina as well as thousands of independent jewelers. Eaton Hudson and its management team have over 25 years’ experience. For more information visit www.eatonhudson.com.