SOURCE: White Pine Trading LLC

White Pine Trading LLC

October 15, 2013 09:35 ET

White Pine Jewelry Solutions' New Consignment Program Aims to Boost Jewelers' Sales

Program Gives Retailers a Competitive Edge by Filling Their Cases With Value-Priced Pieces Carefully Selected to Meet the Needs of Bargain-Conscious Consumers

NEW YORK, NY--(Marketwired - Oct 15, 2013) -  White Pine Jewelry Solutions, a division of White Pine Trading LLC, one of the world's largest recycled diamond companies, plans to help jewelers ramp up their competitiveness via the launch of an innovative jewelry consignment program.  

The new program aims to help retailers drive traffic to their stores and build market dominance with new styles, categories and price points with no up front costs to the jeweler. "This solution is different from others on the market because it gives medium-to-large chains, or high-volume, independent stores, access to a broad array of value-priced jewelry that is tailored to their needs, rather than the limited selection offered under most consignment programs," explained Michael Lebowitz, Director of Jewelry for White Pine Jewelry Solutions.

"A cornerstone of this program is to aggressively promote these goods," Lebowitz continued. "The value priced goods and trend-right styling should resonate with today's shoppers." 

As part of the program, White Pine's veteran jewelry experts meet with jewelers' buying teams to develop a wish list of styles and price points. White Pine then leverages its international network to find trend-right merchandise that meets the client's criteria. Jewelers pay only for what they sell. The memo period is for a minimum of six months, but based on performance, the program may continue with a new assortment of product for an extended period.

"In today's current economic environment, it makes sense to broaden the inventory mix without making heavy investments, but only if the consignment pieces in question truly support the strategic goals of the retailer," Lebowitz noted. "The merchandise mix should also provide real value, which is why our new program focuses both on customization and pricing. Today's shoppers are now laser-focused on the word 'sale,' and smart jewelers are integrating more value merchandise into their full-priced inventories, sometimes by putting in value showcases."

Categories of merchandise available for consignment include:

  • Bridal (diamond engagement rings, diamond bands, diamond semi-mounts)
  • Fashion (diamond rings, bracelets, earrings, pendants)
  • Color Gemstones (precious and semi-precious rings, bracelets, earrings, pendants)
  • Basics (diamond stud and hoop earrings, diamond solitaire pendants, tennis bracelets and necklaces)
  • Gents (diamond bands, diamonds rings, pendants, bracelets)

To learn more about the new program, visit http://www.whitepinediamonds.com/jewelry/or contact: mlebowitz@whitepinediamonds.com

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