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Article: In Brief.
- Article from:
- Crain's New York Business
- Article date:
- June 29, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE LOCAL JEWELRY INDUSTRY lost some of its shine last week after diamond district wholesaler Henry Dunay Designs Inc. and Madison Avenue retailer David Webb Precious Jewels filed for Chapter 11 bankruptcy protection. Each listed liabilities of between $1 million and $10 million; Henry Dunay cited assets in the same range, while David Webb reported assets of between $10 million and $50 million. Both companies plan to restructure.
CHEER UP, MANHATTAN condo and co-op owners with apartments on the block. About 62% of 315 resales this year have fetched higher prices than what owners paid for the units between 2005 and 2007, according to a PropertyShark.com tracking ...