SOURCE: White Pine Trading LLC

White Pine Trading LLC

October 29, 2013 11:15 ET

White Pine Jewelry Solutions Announces First Finished Jewelry and Watch Sales Event for the Trade

November Sale Departs From Traditional Auctions With Multi-Piece Lots and 'Buy Now' Pricing

NEW YORK, NY--(Marketwired - Oct 29, 2013) - White Pine Jewelry Solutions, the recently formed jewelry division of White Pine Trading, LLC ("White Pine"), which is one of the world's largest recycled diamond companies, announced today that it will hold its first finished jewelry and watch sales event for the trade from Nov. 11-13 at its Fifth Avenue offices. The sale will offer finished jewelry packaged in lots ranging from 25 to 200 pieces with a value totaling 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 much more. In addition to the focus on multi-piece lots, 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 country.

"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. We're looking forward to holding this inaugural event and to delivering great value to our customers."

Viewing for the three-day event will be from 10 a.m. to 6 p.m. at White Pine's Manhattan office at 535 Fifth Ave., 18th floor.

To register or learn more about the sale event, visit or contact: or call (646) 758-0265.

About White Pine Trading LLC: White Pine Trading LLC, one of the world's largest recycled diamond companies, has offices in New York, Birmingham (UK) and Tokyo, and buyers across the United States, United Kingdom, Europe, Japan and Australia. The company buys recycled, polished diamonds of all sizes and grades, either loose or in second-hand diamond jewelry -- from the smallest melee to diamonds one carat and above. White Pine remanufactures chipped, damaged and poorly cut diamonds to homogenize appearance. It uses a significant proportion of its diamonds in jewelry and resells the remainder to a network of retailers, jewelry manufacturers, diamond manufacturers and dealers, primarily in the United States and Asia. The company's White Pine Jewelry Solutions division provides consulting and other services to retailers, manufacturers and wholesalers, and the industry's asset-based lenders.

Contact Information

  • Media contacts:
    White Pine Jewelry Solutions
    Michael Lebowitz
    Director of Jewelry
    (646) 758-0265
    Email Contact

    Parness & Associates Public Relations
    Bill Parness or Lisa Kreda
    (732) 290-0121
    Email Contact