Residual Gems TV (USA) Inventory to be on Offer this Week at the JA New York Summer Show

Residual inventory from now-defunct Gems TV (USA) Ltd. will be offered for sale at the JA New York Summer Show this week.  The pieces include a variety of gold and diamond or gold and colored gemstone pieces, along with silver and gemstone pieces, plus a number of watches.  Wholesale prices will range between $20 and $1,000.  Yogesh Madhavani, chief executive officer of jewelry liquidation specialist SimplexDiam, said that his company beat out four other bidders in a closed auction for 10,000 pieces of the Gems TV inventory.  National Jeweler Jul. 22, 2010