Silpada is a family business headquartered in Kansas City and was a direct selling jewelry and accessories company with a rich heritage of quality, handcrafted designs.
A company controlled by billionaire investor Warren Buffett has bought the assets of Lenexa-based Silpada. The buyer was Richline Group Inc., a leading manufacturer and marketer of fine jewelry and a wholly owned subsidiary of Berkshire Hathaway. The financial terms of the deal announced on Friday were not disclosed.
“It is with a heavy heart that I share today’s announcement from Silpada Designs. They are closing this nearly 20-year-old company effective July 31, 2016,” wrote stylist Christina Bobbitt Tuesday afternoon.
VINTAGE DESIGNER SILPADA PEARL BRACELET IN STERLING SILVER MADE IN CHINA!
The Silpada name will live on thanks to an agreement with a Berkshire Hathaway entity. Richline Group Inc. announced Friday that it has acquired select assets of Silpada Designs Inc., including its brand name, jewelry designs and its sterling silver and fashion jewelry inventory.
NEW YORK (MarketWatch) — Avon Products Inc., the world’s largest direct seller of beauty products, announced Monday that it has agreed to acquire Silpada Designs, a direct seller of sterling silver jewelry, for $650 million US Dollars, in its largest purchase since at least the 1990s, to complement its existing businesses.
Silpada Hallmark, 925 sterling silver, made in Thailand, small earrings. These earrings have been worn but are in excellent condition with usual signs of wear. They are approximately 18mm from hooks to bottom x 7mm wide at their widest point, approx. They are marked on the back with the Silpada logo.
One of our members posted some marketing materials from Silpada Designs, a multi-level marketing company that sells jewelry, in the discussion forum.
“Then we will spend the year clearing any remaining inventory and closing the store.” People like Sparkes, who own more than 100 pieces of Silpada jewelry, are wondering what is happening to the company’s lifetime warranty policy. The short answer: It’s only good while the company goes into liquidation.
We unite silver and sisterhood
Silpada started in 1997 with the idea of two bright friends selling their jewelry designs at get-togethers. Now we are a trusted one-stop shop for signature silver jewellery with a large community of customers who we consider friends.
We’ve already said not to expose your jewelry to water or chemicals, but when cleaning sterling silver, gentle dish soap is one of your best options. Make sure you use non-ammonia, phosphate-free dish soap and rinse off any soap thoroughly when you’re done cleaning.
Silver jewelry marked 925 is sterling silver jewelry that has been verified to contain 92.5% silver. Sterling silver is harder than silver and more suitable for jewelry making. The silver alloy is favored by jewelers for its workability and durability.
Can you shower with sterling jewelry? Showering in sterling silver jewelry doesn’t necessarily damage the metal. However, silver is a natural metal and as such will react with certain things. The water can oxidize the silver, meaning it’s likely to tarnish and therefore begin to darken.