Recycled Diamonds Firm to Offer $10M of Jewelry at NY Sale

(IDEX Online News) – White Pine Jewelry Solutions, a unit of White Pine Trading, one of the world’s largest recycled diamond companies, will hold its first finished jewelry and watch sales event for the trade at its Fifth Avenue offices in Manhattan from November 11-13. 

The sale will offer finished jewelry packaged in lots ranging from 25 to 200 pieces with a value of approximately $10 million. 

The company’s first regular jewelry sales event will include diamond and colored-stone jewelry, antique and estate pieces, watch inventories and other items.  

In addition, the sale will offer ‘Buy Now’ prices—a hallmark of White Pine Trading’s international diamond sales events, and a departure from traditional jewelry auctions. The ‘Buy Now’ format ensures competitive bidding by setting buyers’ and sellers’ expectations around a target price created by White Pine’s experts.

To assemble pieces for the sales, White Pine’s team evaluates supplier inventory, determines groupings for similar-product parcels, and works with suppliers to set reserve and target prices for each lot. The finished pieces available at the sales event were obtained from manufacturers’ closeouts, returns, or retailers and consumers from around the United States.

“This sale will give bidders the opportunity to secure competitively valued goods that are not actively promoted in the market at prices that allow for great margins on resale,” said Michael Lebowitz, White Pine Director of Jewelry.

“Moreover, in contrast to more traditional, time-consuming, single-lot auctions, our model saves time and money for dealers and retailers looking to buy a sufficient amount of product at one event.”