Samuels Diamonds' Lubbock location at 7310 Quaker Avenue is set to close, with a store liquidation sale currently underway.

The closure is due to a Chapter 11 bankruptcy filed after fraud charges were filed against the chain's parent company, Gitanjali Gems, according to National Jeweler. Currently, the store is selling items at 70 percent off their original price.

One hundred of the 180 stores are expected to close, and Lubbock is no exception.

Samuels Diamonds is a Texas-based company headquartered out of Austin.

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