White Pine’s Jewelry Division Sees Strong Growth in Acquisitions and Revenues

(IDEX Online News) – Less than a year after its launch, White Pine Trading LLC announced that its Fine Jewelry division has seen better-than-expected growth.

“I’m pleased to announce that the Fine Jewelry division’s acquisitions and revenues have easily exceeded our initial projections,” said vice president of Fine Jewelry Acquisitions Jeffrey Sadowsky.

The company said that since its launch in May, it has purchased approximately $20 million of fine jewelry and estate jewelry, as well as branded and antique pieces. Individual items purchased have ranged in price from $500 to well over six figures.

All goods are marketed to top independent retailers across North America, giving them access to a wide-range of margin-boosting inventory.

White Pine recently enhanced the division’s sales team with the addition of Midwest representative Scott Pogofsky. Based in Chicago, Pogofsky has more than 30 years of industry experience, specializing in higher-end diamonds and jewelry.