It’s no secret the diamond industry has seen much more decadent times, but we’re sure Bulgari’s news of having to close “a number of unprofitable stores” since their earnings “fell more than 45% in the last year” comes as a shock to the many red carpet starlets that reguarly borrow their jewels for free.

So here’s something surprising:

Every once in a while, the U.S. Treasury auctions off diamonds - we’re assuming they’re of the “seized” variety - and there’s a big preview of a huge stash at the New Yorker hotel next Wednesday and Thursday, for those who don’t mind a little competitive shopping (ok, and maybe some creepy feelings, too) in exchange for non-retail prices.

Not that this has anything to do with those Bulgari customers, though this could probably make for a decent episode of The Real Housewives of New York.