OregonBorn
noticing nice landscape pebbles
Member since September 2015
Posts: 86
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Post by OregonBorn on Feb 25, 2024 1:54:25 GMT -5
Looks like MK Diamond in Torrence CA went under this month. I found this posted on the stone tool contractors web site ( www.contractorsdirect.com/blogs/mk-diamond-annoucement ): So where do I get my saw blades now? Amazon hardly lists any lap saw blades any more. MK Diamond's web site does not list anything about the bankruptcy, so I do not know where any 'designated channels' are being provided. Are we to go to the pastor with a tissue? Apparently all their equipment has been auctioned off. Something about a government Covid loan gone bad? I called their 800 number and all I got was a busy signal.
>>>
MK Diamond
It is with great regret that we announce the bankruptcy of MK Diamond, a company that has been a prominent player in the manufacturing of diamond tools and equipment. Despite its long-standing presence in the industry, MK Diamond has faced insurmountable financial challenges, leading to the difficult decision to cease operations and declare bankruptcy.
This unfortunate development means that MK Diamond will no longer be manufacturing new products. We understand that this news may impact many loyal customers, partners, and employees who have been associated with the brand over the years.
We would like to express our gratitude to all those who have supported MK Diamond throughout its journey. Your trust and patronage have been invaluable, and we deeply regret any inconvenience caused by this situation.
If you have any inquiries or concerns related to this announcement, please reach out to the designated channels provided by MK Diamond for customer support and assistance.
Thank you for your understanding.
Sincerely, The MK Diamond Team
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realrockhound
Cave Dweller
Member since June 2020
Posts: 2,884
Member is Online
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Post by realrockhound on Feb 25, 2024 2:15:36 GMT -5
And many many more companies to come. Sad state of affairs we’re in.
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Post by creativeness718 on Feb 25, 2024 3:20:25 GMT -5
Kingsley north bought all the blade stock
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Post by parfive on Feb 25, 2024 12:32:41 GMT -5
Funny, not so much as a peep on the website or anywhere else that I can see. May of 2020, PPP loan was peanuts, $350K-$1M for a company w/82 employees.
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Post by parfive on Feb 25, 2024 12:45:06 GMT -5
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ThomasT
spending too much on rocks
Trying to keep the dust down.
Member since June 2022
Posts: 258
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Post by ThomasT on Feb 25, 2024 13:05:37 GMT -5
parfive Thanks for sharing that video clip.
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victor1941
fully equipped rock polisher
Member since November 2011
Posts: 1,979
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Post by victor1941 on Feb 25, 2024 16:16:37 GMT -5
Thanks for the update.
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Post by oregon on Feb 26, 2024 18:28:04 GMT -5
The question I have is which blades to buy now?
Not sure about all the implications in the video: The PPP loans sound like the same level as many other businesses. I'm guessing the lapidary end of their business was small compared to construction. Maybe they were just demolished by the pandemic? Chinese competition in the Diamond abrasive space? I don't know, but there isn't anything out there to imply they were scheming to screw people over at this point? Happy to hear the story if anyone has real info.
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Fossilman
Cave Dweller
Member since January 2009
Posts: 20,681
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Post by Fossilman on Feb 28, 2024 11:33:12 GMT -5
There are other good blades out there and as said KN is one of the better companies for blades.. Try eBay and other places too, buy up a supply before the MK blades go through the roof because of this!
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Post by Rockoonz on Feb 29, 2024 2:29:38 GMT -5
oregon there are other lapidary blades made in the S Korea factory that MK and BD were having their blades made at. Sent a PM and happy to respond to anyone else, probably eventually do a thread or mass PM.
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jlswi84
off to a rocking start
Member since April 2024
Posts: 3
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Post by jlswi84 on Apr 9, 2024 6:44:10 GMT -5
I'm fairly new to rock cutting...quickly addicted. I'm totally new to this forum. We've been using the BD-305 10" Agate Kutter and I went online last night to order another and soon found out the company is no longer. I emailed them asking about the blade price and was informed in their reply that Alameda Supply is now fulfilling past and new orders. I really like the Agate Kutter and am wary of spending a lot on something different that won't perform as well. So if anyone is willing to point me in the direction of a comparable blade, I'd really appreciate the guidance.
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jlswi84
off to a rocking start
Member since April 2024
Posts: 3
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Post by jlswi84 on Apr 9, 2024 6:54:46 GMT -5
Adding: I have found the MK BD-305 10" blade supposedly in stock online at Ruff N Tuff Tools for $125. Under that listing, the company suggests the "New 10" Agate Slycer" with thinner kerf and a 10mm rim height. $165 Anyone have experience with that blade? I have also been looking on the KN web site thanks to the info I found in this discussion.
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