By order of the U.S. Bankruptcy Court, Tiger Capital Group’s Remarketing Services Division will conduct an online auction on November 17 for diamond engagement rings, men’s and women’s wedding bands, watches, as well as a variety of other fine and fashion jewelry with a cost value of approximately $700,000 consolidated from three Romano’s Jewelers stores.
Online bidding is now under way at www.SoldTiger.com and will close in rapid succession, live auction style, on November 17 beginning at 10:30 a.m. (PT). Previews of the various assets being offered will be held November 14 and 15, from 11:00 a.m. to 6:00 p.m. (PT) at Romano’s Stonewood Center store, 187 Stonewood St. in Downey. The inventories came from the chain’s Stonewood, Northridge and Culver City stores.
“With the holiday season approaching, this sale represents a great buying opportunity for consumers and trade buyers alike,” said Jeff Tanenbaum, President of Tiger Remarketing Services.
Items up for bid include more than 500 women’s engagement rings and wedding bands in yellow and white gold, as well as silver, with diamonds and various other precious stones; more than 450 men’s wedding bands –some with diamonds – in tungsten and titanium; more than 350 birthstone and rhinestone necklace/earring sets in gift boxes; and over 250 men’s chain link bracelets in titanium, ceramic, tungsten, stainless steel, gold, and silver, some with diamonds.
Bidders can also choose from more than 100 men’s chain, link, and dog tag-style necklaces in solid gold, silver and gold-plated (some diamond-studded); and over 50 women's bracelets, including diamond tennis bracelets, gold and silver links (many studded with precious stones).
The selection of more than 250 men’s and women’s dress, casual and sport watches includes models from brands like Luciene Piccard, Aqua Master, Sonbol, Sport Link, and Techno Link.
Also offered will be more than 100 pendants in various designs in rose, white, and yellow gold, as well as fashion jewelry and more than 250 men’s and women's design and style sample rings.
Established more than 20 years ago, the Northridge, Calif.-based Romano’s operated approximately ten stores at its peak. The company filed for Chapter 11 bankruptcy in January 2010, with management citing the effects of the economic downturn. In July 2015, a California federal court ruled that the Romano’s bankruptcy case should be converted to Chapter 7 (California Bankruptcy Court, Case No. 1:10-bk-10209-MT).