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
CollectionsJan 27, 2026
De Beers London, GemFair Debut New Collection Highlighting Artisanal DiamondsThe collection marks the first time GemFair’s artisanal diamonds will be brought directly to consumers.
SourcingJan 27, 2026
GemGuide Launches Pricing for Montana SapphiresThe initial charts are for blue, teal, and green material, each grouped into three charts categorized as good, fine, and extra fine.
TechnologyJan 27, 2026
Clientbook Launches Appointment Booking ToolThe new tool can assign the appropriate associate based on the client or appointment type and automate personalized text message follow-ups.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
SourcingJan 26, 2026
Tucson Preview 2026: Earthy Tones and Innovative Shapes Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.
Weekly QuizJan 22, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingJan 26, 2026
Angolan Diamond Cos. Join NDC as Rio Tinto, Murowa Exit Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.
CollectionsJan 26, 2026
Tiffany & Co. Celebrates 189 Years of Love StoriesThe jeweler’s 2026 Valentine’s Day campaign, “Celebrating Love Stories Since 1837,” includes a short firm starring actress Adria Arjona.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
GradingJan 26, 2026
DCA Updates Colored Gemstone CourseThe new features include interactive flashcards and scenario-based roleplay with AI tools.
MajorsJan 23, 2026
Watches of Switzerland Acquires 4-Store Jewelry Chain in TexasFamily-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.
WatchesJan 23, 2026
Damiani Group to Acquire Baume & MercierThe Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.
TrendsJan 23, 2026
Martin Katz’s Earrings Call to Mind Wintry Weather Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.
MajorsJan 23, 2026
Rembrandt Charms Names New Director of Creative, Brand StrategyElla Blum was appointed to the newly created role.
Supplier BulletinJan 22, 2026
The Rise of Centralized Sourcing in the Colored Gemstone MarketSponsored by RapNet
MajorsJan 22, 2026
Lugano Diamonds Finds a BuyerInvestment firm Enhanced Retail Funding, a division of Gordon Brothers, was the successful bidder.
SourcingJan 22, 2026
De Beers To Release ‘A Diamond Is Forever’ BookIt explores the history of the iconic tagline and the company’s strategy to redefine the role of diamonds in society.
MajorsJan 22, 2026
Swarovski Appoints New North America PresidentRetail veteran Sindhu Culas has stepped into the role.
MajorsJan 22, 2026
Stuller Names New Chief Merchandising, Marketing, Sales OfficerTaylor Burgess, who has been at Stuller since 2013, was promoted to the newly created role.
PodcastsJan 21, 2026
Episode 1: High Gold Prices, the Diamond Dilemma, & What’s NextWas 2025 a good year for jewelers? Did lab-grown diamonds outsell natural? Find out on the first episode of the “My Next Question” podcast.
EditorsJan 21, 2026
6 Jewelry Designers Poised to Have a Breakout Year in 2026Whether you recognize their jewels or are just discovering them now, these designers’ talent and vision make them ones to watch this year.
CrimeJan 21, 2026
4 Men Charged in $1.7M California Smash-and-Grab Jewelry Store RobberyPlus, JSA’s Scott Guginsky discusses the need for jewelers to take more precautions as the gold price continues to climb.
IndependentsJan 21, 2026
Delaware Jeweler Felice Morris Dies at 91Morris’ most cherished role was being a mother and grandmother, her family said.
CollectionsJan 21, 2026
Bulgari Weaves New Collection of ‘Vimini’ Creations“Vimini” is the first chapter of the “Bulgari Eternal” collection that merges archival pieces with modern creations.
Events & AwardsJan 21, 2026
Jewelers Mutual’s ‘Conversations’ Retreat Returns to Discuss AIThe third edition will be held in Half Moon Bay, California, in April.
Events & AwardsJan 20, 2026
These Are the 5 Finalists for the David Yurman Gem Awards GrantThe grant is in its first year and was created to recognize an exceptional fine jewelry designer whose star is on the rise.
ColumnistsJan 20, 2026
First-Party Data Is the Most Valuable Asset Jewelers Have in 2026Data built on trust, not tracking, will be key to success going forward, as the era of “borrowed attention” ends, Emmanuel Raheb writes.
MajorsJan 20, 2026
Borsheims Hires New Assistant Facilities ManagerHeath Yarges brings two decades of experience to the role.
