Keystone Findings Inc. says that it will be closing its operations in Telford, Bucks County, and laying off 46 employees after having sold its assets to Richmond, Va.-based jewelry manufacturer Hoover & Strong.

Keystone, which made jewelry settings, said in a notice to the state that it expected layoffs to begin this week and to be completed by June 22.

Keystone's WARN notice said that none of the employees, who were not unionized, would have bumping rights.