SimplexDiam Inc. was founded in 1983 to manufacture jewelry for small chains and major retailers. Simplex quickly became one of the foremost manufacturers of fine jewelry in the United States. We have worked with Zales, Amazon.com, Friedman’s, Samuels, Ultra, Value City, Boscovs, Belk’s, and every other major retailer of fine jewelry in the United States in one manner or another. In the late 1980’s Chairman & CEO Yogesh Madhvani, started a small division to deal with returns and overstocks. In the early 90’s Simplex’s liquidation division began acquiring inventories from customers and friends to keep up with growing demand and feed a burgeoning customer base. Today we are the fastest growing company in jewelry liquidations which comprises more than 95% of Simplex’s overall yearly revenues. This division has subdivisions of it’s own, and each is a profit center in it’s own right.

Asset Recovery: Purchasing closeout jewelry and diamonds from retailers & banks. SimplexDiam Inc. buys closeout jewelry from pre-bankruptcy sales, 363 sales, post-bankruptcy residuals, quarterly jewelry liquidation sales, and pawn broker’s liquidations. We have worked with major retailers and independent jewelers, both to improve cash flows and monetize retirement nest eggs. We have worked with banks to maximize their recovery from liens and repossessions. If any company or individual has inventory to close out, our Asset Recovery Division is prepared to help.

Valuations: Providing real world valuations of jewelry & gemstone inventory. SimplexDiam Inc. provides “true” valuation services for banks and corporations to evaluate the actual, not the “appraisal” value of their inventory, for internal purposes. These valuations are done with care and with discretion with the understanding that for many corporations and institutions confidentiality is of the greatest importance. Our valuation team will provide reserve prices to guarantee a purchase price in the event of a loan being called in or other similar circumstances.

Event & going-out-of-business sales: Profitable event sales for retailers, banks, & shareholders. This is the newest division of Simplex. We saw a fundamental flaw in the GOB services business, and decided we could provide the value to fix it. Every customer we spoke with that had a store closing sale or a going out of business sale complained that the company that managed the sale just wanted to sell it’s own inventory, even after promising that they would work conscientiously to maximize the family’s nest egg or maximize the bank’s recovery percentage. Simplex’s event sales division is our answer to this problem. We structure the deal so that our success is tied directly to the success of the retailer and the banks.

Business Process Outsourcing: Services to create management efficiency in a tight fiscal climate. In the late 90’s SimplexDiam Inc. required an on-site team in India to expedite their quality control and efficiency requirements. This team has grown over the years into a powerful tool. A major retailer used this team to manage millions of dollars of emergency deliveries from design to manufacturing in 5 weeks, arrange international credit insurance, and perfect quality control during peak manufacturing season.

Manufacturing Services: Key items for jewelry promotions. Simplex’s manufacturing division focuses on key items for major promotions for large and small chain jewelers. Their core focus is to match slow moving diamond inventory with factories in need of business and ensure timely, quality delivery to the retailer of updated styles.

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