Bidz.com, Inc. Attains $23.9 Million Worth of Jewelry From Bankruptcy Auction
Culver City, CA- One of the world’s greatest manufacturers of jewelry, LID Ltd., has just gone bankrupt with Bidz.com as the winning bidder of all their jewelry. All the high quality of diamonds and gemstone jewelry was bought below cost, for only $23.9 million. The company plans to sell the jewelry through online auctions and wholesale dealings.
Once the company finishes receiving, photographing and describing the stock they plan on beginning to sell the jewelry, which is anticipated to start in June. The company plans on putting aside some of the jewelry for the high end holiday season.
David Zinberg, Chief Executive Officer of Bidz.com is pleased to have been privileged in receiving such a great deal of valuable merchandise, and looks forward to being invited to other opportunities such as this one.   Â