That is indeed very sad - I have had and sold many many tonearms over the years built by this iconic firm.
@noro - Where did you hear they were "closing"? On their website it only says this -
" Jelco is now unable to accept new orders from April 2nd, 2020, due to the availability of transportation and delays in production due to the spread of the serious infectious disease COVID-19. Thank you for your understanding."