White Pine Jewelry to Hold Finished Jewelry and Watch Sale in NYC

(IDEX Online News) – White Pine Jewelry Solutions, a division of White Pine Trading, LLC, one of the world’s largest recycled diamond companies, will hold its second finished jewelry and watch sales event for the trade on March 17-19 at its Fifth Avenue offices. 

The event will offer finished jewelry in lots ranging from 25 to 200 pieces. The event is expected to include diamond and colored-stone jewelry, antique and estate pieces, and watch inventories obtained from manufacturers’ closeouts, returns, retailers and consumers from around the country.  

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. 

“As with our successful premiere event last fall, this sale will give bidders the opportunity to acquire competitively valued goods that are not actively promoted in the market at prices that may provide for high margins on resale,” said Michael Lebowitz, White Pine’s Director of Jewelry. “Additionally, in contrast to traditional, time-consuming, single-lot auctions, this model is believed to save time and money for dealers and retailers looking to purchase a sufficient amount of product at one event.” 

White Pine Trading LLC 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.