Multi-store jeweler International Diamond and Gold is the latest retailer to
fall victim to the recession, announcing that it will be closing all eight of
its locations, an unidentified employee confirmed to National
Jeweler.


According to news source Columbus Business First, the Columbus,
Ohio-based retail jeweler is being closed down after it was put into
receivership on April 27 at the request of Huntington National
Bank.

Eight of the company's stores--four that operate in the Central
Ohio area as IDG Jewelers and four that operate in Seattle as International Jewelers--will be
liquidated perhaps as soon as this week, owner Uziel Haimoff confirmed to
Columbus Business First.

Haimoff started a diamond wholesale
company and jewelry manufacturing facility in New York in 1975 and opened the
first International Diamond and Gold store in 1985 in Columbus. A few years
later, he opened the International Jewelers stores in Seattle.

Source: National Jeweler
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