SourcingJul 31, 2025
De Beers Records $189M First-Half Loss The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.
MajorsNov 09, 2016
Bidz.com is back in business
After purchasing Bidz.com's intellectual property, a team that includes the former CEO's daughter is giving the auction site a second try.
Los Angeles-- After purchasing Bidz.com's intellectual property, a team that includes the former CEO's daughter is giving the auction site a second try.
The new Bidz.com, which was redesigned to be cleaner and more image-driven, functions the same as it did prior to its liquidation--it offers closeout jewelry, watches and select other accessories in an online auction format.
Danielle Zilberg, who also worked with Bidz.com before and helped put the new management team together, said that they have partnered with many of the same vendors to establish the inventory on the site and also have been building new vendor connections as well.
“It was important to us to restart the company and redeem ourselves,” she said. “We are passionate about closeout jewelry and watches, and we believe that everyone should have access to the finer things without the cost. If they loved us once, they’ll love us twice.”
In June 2014, a group of six suppliers and manufacturers owed a total of $1.3 million from Bidz.com filed a Chapter 7 (involuntary) bankruptcy petition against the company in U.S. Bankruptcy Court in Delaware.
Two weeks later, interim CEO Evan Warshawsky filed a declaration in response saying that the company had ceased sales as of June 12 and had already begun liquidating.
On Aug. 19, U.S. Bankruptcy Judge Kevin J. Carey signed an order dismissing the Chapter 7 case, court records show. Insolvency Services Group Inc. was named the assignee in charge of dissolving the company.
Overstock.com purchased Bidz.com’s inventory, estimated to be worth more than $89 million at retail, and launched its Jewelry Liquidation Vault with it.
Hilco Streambank, a firm that specializes in selling intellectual property, was retained to sell Bidz.com’s intellectual property, meaning its name, customer list, domain and software. Hilco announced the sale via auction of the Bidz.com Inc. trademarks, domain names (including both Bidz.com and Buyz.com), and customer data base on Sept. 2.
On Dec. 8, people associated with the original Bidz.com team bought back the site’s IP. They relaunched it the last week of January under new management, which includes Zilberg, as well as Daniella Zinberg, the daughter of former Bidz CEO David Zinberg. Zilberg said David Zinberg serves as an advisor to the current Bidz.com team.
She told National Jeweler that the company, which is headquartered in the St. Vincent Jewelry Center in downtown L.A., is even more focused on watches
and jewelry than before, as it did not buy back clothing and accessories site Modnique.com, which instead was purchased by TorreyCommerce as the IP sales were done separately.
Additionally, the company did not bring back Buyz.com, its fixed-price site. “We are bringing back Bidz at full force and focusing all of our attention on this business. Buying back Monique, and/or restarting Buyz.com would have deviated us from this goal,” Zilberg said.
--Editor-in-Chief Michelle Graff contributed to this report.
More on Majors
The Latest
Events & AwardsJul 31, 2025
These Are the 2025 CASE Award WinnersJewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.
IndependentsJul 31, 2025
Matthew Tratner Takes Over as CBG President Tratner succeeds Andie Weinman, who will begin stepping back from the buying group’s day-to-day operations.
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
Policies & IssuesJul 30, 2025
Tariff on India Will Be 25%, Trump Says The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.
Weekly QuizJul 31, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
FinancialsJul 30, 2025
Kering's Jewelry Brands Resilient As H1 Sales Slide 16%The luxury titan’s star brand Gucci continued to struggle amid a "tough" environment.
WatchesJul 30, 2025
Peek Inside Zadok Jewelers’ New Rolex Showroom in AustinIts opening marks the completion of the retailer’s new 11,000-square-foot store in the Texas capital.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
SurveysJul 30, 2025
Consumer Confidence Ticks Up in JulyRespondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”
SourcingJul 30, 2025
Rob Bates to Release Latest Book in His ‘Diamond District Mystery’ Series“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.
EditorsJul 29, 2025
Out & About: Visiting Tacori’s Design Studio in LASenior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.
Events & AwardsJul 29, 2025
Melee The Show Welcomes 15 New DesignersThe first-time exhibitors, set to debut at the New York City show, share a devotion to craftsmanship, storytelling, and material integrity.
SourcingJul 29, 2025
Auctim to Offer 7.3M+ Carats of Rough EmeraldsThe online auction house’s September sale will feature rough Brazilian emeralds of various qualities.
Policies & IssuesJul 28, 2025
U.S.-EU Come to Agreement on Tariffs Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.
CollectionsJul 28, 2025
Nanis Brings a New Palette to ‘Ipanema’A new edition of the Italian brand’s “Ipanema” collection has debuted with gemstones that evoke Brazil’s breathtaking views.
IndependentsJul 28, 2025
Sissy’s Log Cabin to Open Flagship in Arkansas The jeweler’s largest store yet is set to open in Little Rock next fall.
CollectionsJul 25, 2025
Piece of the Week: Jemma Wynne’s ‘Forme’ NecklaceAnne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”
Events & AwardsJul 25, 2025
Pre-Registration Open for September Hong Kong ShowJewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.
FinancialsJul 25, 2025
LVMH Sales Slip in H1 Amid ‘Prevailing Uncertainties’Renovations at Tiffany & Co. stores ate into profits in the company’s watch and jewelry division.
Events & AwardsJul 24, 2025
2 Retailers to Receive 2026 Gem Award for Lifetime AchievementMark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.
SourcingJul 24, 2025
De Beers Sees Diamond Production Sink 36% in Q2 While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.
CollectionsJul 24, 2025
Francesca Villa Adds Dimension to Her Intaglio CharactersThe “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.
WatchesJul 24, 2025
Breitling Drops Super Bowl Watch Honoring the Philadelphia Eagles The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.
CrimeJul 23, 2025
JSA Warns of Violent String of Smash-and-Grabs in California JSA has received reports of mobs swarming jewelry stores, driving cars into the storefront or smashing through the windows.
CollectionsJul 23, 2025
Silvia Furmanovich’s ‘Kashmir’ Collection Is a Tribute to Northern IndiaThe “Kashmir” collection features centuries-old craft techniques made in collaboration with the region’s master papier-mâché artisans.
IndependentsJul 23, 2025
Montreal’s Ecksand Eyes Move to SoHoCreative Director Erica Bianchini shared why the jeweler is looking to expand into the U.S. and how it’s putting Canadian craftsmanship on the map.
IndependentsJul 23, 2025
IJO Raises Nearly $37K for LA Fire Relief Two Los Angeles Fire Department stations plan to use the donations to upgrade their equipment and tools.
