MTL is ignored when import OBJ Asset I bought online, what am I doing wrong?

I download a 3D asset from the web.

It has OBJ, MTL, and zip with textures

I want to import the obj with all the assets and settings that were provided to me

Why this is not a simple task? buying / downloading assets is a common need on a daily basis 

Below is the content of the MTL maybe something is wrong inside

# Blender MTL File: 'Diamond Ring.blend'
# Material Count: 6

newmtl Black_velvet
Ns 323.999994
Ka 1.000000 1.000000 1.000000
Kd 0.800000 0.800000 0.800000
Ks 0.500000 0.500000 0.500000
Ke 0.000000 0.000000 0.000000
Ni 1.000000
d 1.000000
illum 2

newmtl None
Ns 500
Ka 0.8 0.8 0.8
Kd 0.8 0.8 0.8
Ks 0.8 0.8 0.8
d 1
illum 2

newmtl Red_velvet3
Ns 323.999994
Ka 1.000000 1.000000 1.000000
Kd 0.800000 0.800000 0.800000
Ks 0.500000 0.500000 0.500000
Ke 0.000000 0.000000 0.000000
Ni 1.000000
d 1.000000
illum 2

newmtl Red_velvet3.001
Ns 323.999994
Ka 1.000000 1.000000 1.000000
Kd 0.800000 0.800000 0.800000
Ks 0.500000 0.500000 0.500000
Ke 0.000000 0.000000 0.000000
Ni 1.000000
d 1.000000
illum 2

newmtl SILVER
Ns 812.249999
Ka 1.000000 1.000000 1.000000
Kd 0.800000 0.800000 0.800000
Ks 0.500000 0.500000 0.500000
Ke 0.000000 0.000000 0.000000
Ni 1.450000
d 1.000000
illum 2
map_Bump -bm 0.500000 \\Textures\\2K-Silver_Normal.jpg
map_Kd \\Textures\\2K-Silver_Base Color.jpg
refl \\Textures\\2K-Silver_Metallic.jpg

newmtl TRUE_BRILLIANT
Ns 323.999994
Ka 1.000000 1.000000 1.000000
Kd 0.800000 0.800000 0.800000
Ks 0.500000 0.500000 0.500000
Ke 0.000000 0.000000 0.000000
Ni 1.000000
d 1.000000
illum 2

Any suggestions