Untouched by the BP oil disaster, the white sands and turquoise waters of Panama City Beach remain as alluring as ever. Unfortunately for local businesses, however, Gulf Coast tourism has all but collapsed amid months of alarming press coverage of the spill. The latest casualty is fine jeweler Maharaja's nearly four-year-old beachfront store on Hutchison Boulevard.
With the help of Buxbaum Jewelry Advisors, Maharaja's will liquidate the Panama City Beach location's entire inventory including fine diamonds, bridal jewelry, watches, fashion and tailored pieces, giftware and much more in a consolidation sale that opens to the public on Aug. 23. "As a result of the BP disaster, our tourist season has been off by 30% to 40% so far this year, and the situation shows no signs of improving," noted Manu Samtani, who founded the well-known, family-owned business in 1977. "In a strategic move that will enable us to better serve our many loyal friends and customers, we are consolidating our operations to focus on our successful flagship store in Panama City."
Conducted by a team of jewelry-industry veterans from Agoura Hills, Calif.-based Buxbaum Jewelry Advisors, the sale is being held at both stores: The Village of Grand Panama, 11525 Hutchison Blvd., Panama City Beach, and Maharaja's 6,000-sq.-ft. flagship location in The Coronado Village Shopping Plaza at 105 West 23rd St., Panama City.
"Jewelry aficionados and casual collectors alike will find discounts ranging from 20%- to 80% -off on fine pieces in a variety of price points," noted Michael Lebowitz, Vice President of Buxbaum Jewelry Advisors. "Moreover, Mr. Samtani has spent decades building relationships with a host of prestigious brands and designers, including the likes of Calgaro Jewelry, David Yurman, Swarovski, Waterford, John Hardy, Raymond Weil, TAG Heuer and Mikimoto, to name just a few. For the hundreds of local and out-of-town customers who have gotten to know Mr. Samtani so well over the years, this sale represents an excellent buying opportunity."
With the help of Buxbaum Jewelry Advisors, Maharaja's will liquidate the Panama City Beach location's entire inventory including fine diamonds, bridal jewelry, watches, fashion and tailored pieces, giftware and much more in a consolidation sale that opens to the public on Aug. 23. "As a result of the BP disaster, our tourist season has been off by 30% to 40% so far this year, and the situation shows no signs of improving," noted Manu Samtani, who founded the well-known, family-owned business in 1977. "In a strategic move that will enable us to better serve our many loyal friends and customers, we are consolidating our operations to focus on our successful flagship store in Panama City."
Conducted by a team of jewelry-industry veterans from Agoura Hills, Calif.-based Buxbaum Jewelry Advisors, the sale is being held at both stores: The Village of Grand Panama, 11525 Hutchison Blvd., Panama City Beach, and Maharaja's 6,000-sq.-ft. flagship location in The Coronado Village Shopping Plaza at 105 West 23rd St., Panama City.
"Jewelry aficionados and casual collectors alike will find discounts ranging from 20%- to 80% -off on fine pieces in a variety of price points," noted Michael Lebowitz, Vice President of Buxbaum Jewelry Advisors. "Moreover, Mr. Samtani has spent decades building relationships with a host of prestigious brands and designers, including the likes of Calgaro Jewelry, David Yurman, Swarovski, Waterford, John Hardy, Raymond Weil, TAG Heuer and Mikimoto, to name just a few. For the hundreds of local and out-of-town customers who have gotten to know Mr. Samtani so well over the years, this sale represents an excellent buying opportunity."
