Krementz, Van Dell jewelry lines rise again?

From a press release on Business Wire... Bidz.com has aquired the inventory, intellectual property, trademarks and tools of the jewelry lines of the Colibri Group. The Colibri Group held a bankruptcy auction earlier this month. The lot purchased is valued at approximately $6 million.

Jewelry lines in the auction purchased by Bidz.com include:

• Krementz
• Van Dell
• Shiman
• Dolan & Bullock
• Taylor Avedon
• Angelite
• Skal
• Skalet
• Magical Years
• Little Miss Pride
• Sideways
• Darling Diamonds
• Fingerprint Locket

The company states that it expects to begin to auction the jewelry on it's website in May.

The CEO of Bidz.com, David Zinberg noted that "we are honored to have the opportunity to revive these iconic jewelry brands....Purchasing the trademarks and tools to Krementz, Shiman and others will allow us to continue to provide a broad and beautiful assortment of quality jewelry to our customers"

read the full press release here

Krementz on the auction block

According to the National Jeweler magazine, Krementz, as one of the current lines of the Colibri Group will be auctioned off in Rhode Island on March 19.

Colibri recently shut down due to financial troubles. According to www.illusionjewels.com, Krementz was sold by the famly to Colibri in 1997.

Wonder where it will end up and whether anyone will continue to produce the Krementz line..we'll have to wait and see!