MajorsJul 05, 2023
Alex and Ani to Close Majority of Stores, R.I. HeadquartersMajorsNov 14, 2023
Alex and Ani Assets Auctioned Off
SJ Corio Company hosted an online auction of more than 1,800 items the company left behind at its headquarters.
The Alex and Ani “Armenian Flower” bangle. Auction company SJ Corio Company recently held an online auction of computers, printers, bagging equipment and more formerly owned by Alex and Ani.
Warwick, R.I.— SJ Corio Company recently hosted an online auction of equipment and assets left behind by Alex and Ani.
The jewelry company was founded in 2004 by Carolyn Rafaelian, and at its peak had more than 70 stores.
Though the brand was a hit in the 2010s, it has struggled to find its footing in recent years, filing for Chapter 11 bankruptcy protection in 2021.
In June, The Boston Globe reported the company would close 20 of its remaining 27 locations and its headquarters in East Greenwich, Rhode Island.
Corio said it began the auction process in May but at the end of June, Alex and Ani management, “locked the doors and abandoned the assets to the landlord,” abruptly vacating its headquarters.
Corio said it coordinated with the landlord in September to move forward with the auction, which consisted of more than 1,800 lots.
The lots included assets related to the company’s distribution center, pick-to-light order picking systems, store fixtures, computers, office equipment, bagging equipment, printers, and racking.
The online auction began Monday and ended early Tuesday.
Based in Rhode Island, the SJ Corio Company has been conducting commercial and industrial auctions since 1986, shifting many of its auctions from onsite to online in recent years.
Related stories will be right here …
The jewelry company was founded in 2004 by Carolyn Rafaelian, and at its peak had more than 70 stores.
Though the brand was a hit in the 2010s, it has struggled to find its footing in recent years, filing for Chapter 11 bankruptcy protection in 2021.
In June, The Boston Globe reported the company would close 20 of its remaining 27 locations and its headquarters in East Greenwich, Rhode Island.
Corio said it began the auction process in May but at the end of June, Alex and Ani management, “locked the doors and abandoned the assets to the landlord,” abruptly vacating its headquarters.
Corio said it coordinated with the landlord in September to move forward with the auction, which consisted of more than 1,800 lots.
The lots included assets related to the company’s distribution center, pick-to-light order picking systems, store fixtures, computers, office equipment, bagging equipment, printers, and racking.
The online auction began Monday and ended early Tuesday.
Based in Rhode Island, the SJ Corio Company has been conducting commercial and industrial auctions since 1986, shifting many of its auctions from onsite to online in recent years.
More on Majors
The Latest
Lab-GrownDec 01, 2023
Lightbox Teams Up With Brand Founded by Former Tiffany ExecThe lab-grown diamond brand also collaborated with the website The Future Rocks on a collection launching today.
FinancialsDec 01, 2023
Movado Lowers Guidance Again After Q3 Sales DipThe company said it is facing a “challenging retail environment” but is prepared for the holiday season.
CollectionsDec 01, 2023
Piece of the Week: Muzo’s Emerald and Argyle Pink Diamond NecklaceIt’s the hero piece of the newest "Green Jewel" collection, a collaborative offering from the two mines.
Brought to you by
If It’s Custom, Make It PlatinumWith holiday proposals right around the corner, encourage your customers to go for platinum when making the big purchase.
AuctionsNov 30, 2023
This Pink Diamond Reigned Supreme in Hong KongThe 15.48-carat fancy intense “Pink Supreme” topped Christie’s fall jewelry auction in Asia, while a Patek Philippe led the watch sale.
Weekly QuizNov 30, 2023
This Week’s QuizTest your jewelry news knowledge with this short test.
AuctionsNov 30, 2023
Sotheby’s To Auction 133-Carat Yellow DiamondThe stone headlining the upcoming sale could fetch up to $5 million.
IndependentsNov 30, 2023
Frank Adams Rolls Out Kwiat’s ‘Mine to Shine’ ProgramThe retail offering lets customers track their diamond’s journey.
Brought to you by
Did You Know? The Vital Role of IGI: The International Gemological InstituteIn a world where the sparkle of a gemstone is only as brilliant as the trust behind it, IGI's purpose is truly invaluable.
SourcingNov 29, 2023
Largest New Diamond Mine of the Decade Coming Online in Angola The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
SurveysNov 29, 2023
Holiday Shoppers Broke a Record This Weekend, Says NRFFrom Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.
EditorsNov 29, 2023
Warren Buffett on Success, Mistakes and Betting on AmericaThe best quotes from the Oracle of Omaha and his right-hand man Charlie Munger from the 2018 Berkshire Hathaway shareholders meeting.
IndependentsNov 28, 2023
Maine Jeweler to Relocate After 76 YearsJ. Dostie Jewelers will move from Lewiston to Yarmouth this spring.
IndependentsNov 28, 2023
Fink’s Jewelers Opens 10th StoreIt’s the company’s second location in Tennessee.
AuctionsNov 28, 2023
Mary Tyler Moore’s Jewelry Is Up For Auction You can have this jewelry, why don’t you take it?
Events & AwardsNov 28, 2023
The Original Miami Beach Antique Show Is Celebrating 60 YearsNext year’s milestone show will be full of educational programming and collaborations.
EditorsNov 27, 2023
10 Tips for Selling Diamonds This Holiday SeasonSales experts and a diamantaire share their best advice on how to send customers home with diamond jewelry.
CollectionsNov 27, 2023
See the New ‘Platinum Born’ JewelryThe brand has released five new collections.
IndependentsNov 27, 2023
Frank Adams Jewelers Named ‘Family Business of the Year’The Albany Business Review recently honored the 100-year-old company.
GradingNov 27, 2023
Dr. John W. Valley Retires from GIA Board of GovernorsTo honor his legacy, GIA has set up a scholarship in his name.
CrimeNov 22, 2023
JSA Warns of Surge in Attacks on Jewelers on the RoadThere have been eight attacks in the last month, spanning from a jewelry store parking lot in Rhode Island to highways in California.
TrendsNov 22, 2023
Amanda’s Style File: November GlowThese 15 pieces of jewelry celebrate November babies and the hues of citrine and topaz that reflect the colors of the season.
SourcingNov 22, 2023
Columbia Gem House Raises $12K for WildlifeThe money will help a nonprofit rehabilitate sea turtles.
MajorsNov 22, 2023
Facet Barcelona Opens New Factory in SpainThe jewelry manufacturer said it can now better serve the North American market.
TechnologyNov 21, 2023
See David Yurman’s New High-Tech Holiday Campaign The jewelry brand takes viewers through a virtual winter wonderland set in New York City.
Events & AwardsNov 21, 2023
Here Are the Winners of BIJC’s Inaugural ‘Rock the Jewels’ AwardsThe organization recognized outstanding industry players at its celebratory event.
SourcingNov 21, 2023
De Beers’ Rough Diamond Sales Sink to $80M India’s voluntary moratorium on rough diamond imports coupled with a stunted recovery in China continue to impact the miner.
ColumnistsNov 21, 2023
The Smart Lab: Score Big During Football Season With Hulu AdvertisingEmmanuel Raheb outlines three reasons why Hulu advertising and football can be a game changer for your jewelry store’s marketing.
