Henry Dunay Designs Inventory Sold For A Deep Discount

In every misfortune there is an opportunity. Earlier this year SimplexDiam sold off diamonds which belonged to closed jewelry retailer Fortunoff. Now the company is one of the key players in making up the assets of the bankrupt Henry Dunay Designs. SimplexDiam and online estate jewelry seller Windsor Jewelers were the top top bidders to the inventory. Together the companies bid $3.5 million for the rights to the inventory which was valued at $50 million. The auction was held on Wednesday.

SimplexDiam values and purchases diamonds and fine jewelry and has been involved in the bidding for the residual inventories in the cases of Friedman's Jewelers, Whitehall Jewelers and Christian Bernard Stores Corp. Windsor Jewelers sells estate and fine jewelry direct to consumers at discounted prices. Which means that Dunay aficionados may soon be able to get their hands on his pieces at lower prices. Bad news for Dunay but great news for fans of his work.