UK diamond trader collapses into administration | UK | News

The jewelry company, which has been operating since 1979, went bankrupt. Administrators have been appointed for Stephen Tyler Ltd, trading as Purely Diamonds, a manufacturer of handmade diamond rings and jewellery.

Jeffrey Mark Brenner and James Stares of Antony Batty & Co have been appointed administrators in a notice published by The Gazette. They are leading recovery or reconstruction efforts. retailer. Generally this may include: company In administration sold through a pre-packaged administration, where part of the company continues under new ownership.

According to the company’s website, Purely Diamonds was founded in 1979 in the workshop of master jeweler Stephen Tyler.

He specializes in designing engagement and wedding rings for brands such as De Beers, Beaverbrooks and Goldsmiths.

When retailers shifted production outside the UK, Mr Tyler continued to produce jewelery in-house and sell direct to customers through the business.

Mr Tyler’s daughters Emelie and Stephanie later joined the business, which offers “fine” jewelery made in London.

As well as trading online, the business operates appointment-only showrooms on Farringdon Road in London and St Ann’s Square in Manchester.

In a statement on its website, Purely Diamonds said its jewels “reflect a perfect balance between artistry, precision and personal meaning.”

Purely Diamonds and Antony Batty & Co have been approached for comment.