Is Ultra Diamonds still in business?
ULTRA Diamonds was a seller of fine jewelry in factory outlet and value centers in the United States….ULTRA Diamonds.
| Industry | Retail |
|---|---|
| Defunct | November 2, 2012 |
| Fate | Acquired by Signet Jewelers |
| Headquarters | Chicago, Illinois |
| Key people | Daniel H. Marks (President & CEO) |
Are ultra diamonds real?
Real diamonds. Real deals. Ultra Diamonds was founded in 1991 and is the largest outlet retail fine jeweler in the United States. Ultra Diamonds is the leader in off priced fine jewelry, making luxury affordable for all budgets and styles.
Who bought out Ultra Diamonds?
Signet Jewelers
RAPAPORT… Signet Jewelers completed its acquisition of Ultra Stores Inc., the parent company of Ultra Diamonds, from Crystal Financial LLC and its other stockholders for approximately $57 million in cash.
What is the best website to buy diamonds?
Top 6 Places to Buy Diamonds Online:
- James Allen (best price and value)
- Blue Nile (top selection)
- Clean Origin (best for lab diamonds)
- Ritani (best designer settings)
- Whiteflash (best diamond cuts)
- Helzberg (honorable mention)
What companies are owned by Signet Jewelers?
Signet operates approximately 2,800 stores primarily under the banners of Kay Jewelers, Zales, Jared, H. Samuel, Ernest Jones, Peoples, Piercing Pagoda, Rocksbox and JamesAllen.com.
Is Jared overpriced?
Jared Galleria of Diamonds offers high-quality diamonds, above-average customer service, and a decent in-store experience. Our secret shopping showed a premium of approximately 20% for the diamonds. That doesn’t mean that Jared is overpriced. There are advantages to purchasing from a local physical retailer.
Are there any stores that sell Ultra Diamonds?
Ultra Diamonds brand name online shopping information – All Ultra Diamonds store or outlet locations in USA – total of 1 stores and outlet stores in database. Get information about hours, locations, contacts and find store on map. Users ratings and reviews for Ultra Diamonds brand.
Who is the founder and CEO of Ultra Diamonds?
On November 2, 2012, the company was acquired by Signet Jewelers . ULTRA opened its first store in August 1991 in Gurnee, Illinois. Daniel H. Marks, founder, president, and CEO is a third generation jeweler. Prior to founding ULTRA, he was a principal with Marks Brothers Jewelers (parent company of the Whitehall and the Lundstrom jewelry chains).
How did ULTRA Diamonds come out of bankruptcy?
In 2009, ULTRA emerged from the months long bankruptcy with a strengthened capital base. This was accomplished when Bank of America provided a $30 million line of credit and Crystal Financial assumed 56% ownership of Ultra in exchange for the conversion of half of the company’s debt into equity.
Where can I buy diamonds in the US?
ULTRA Diamonds was a seller of fine jewelry in factory outlet and value centers in the United States. ULTRA was a manufacturer as well as a direct importer of diamonds, gemstones, and gold jewelry. At one point, Ultra operated over 100 stores in outlet centers and 38 other format locations (primarily licensed jewelry departments).