White Pine Trading LLC, one of the world’s largest recycled diamond and jewelry companies, announced that it has purchased a large inventory of high-quality jewelry from the recently liquidated, St. Louis-based, Bauman-Massa Jewelry Co. This procurement follows White Pine’s recent acquisition of inventory from JewelAmerica. Founded in 1882, the family-owned Bauman-Massa was well known among retailers across the Midwest for its focus on providing high-fashion items at affordable prices. Its two nationally recognized designer lines—The Bauman-Massa Collection and Designs by Kate McCullar—meet a wide variety of price points.
“We are very excited about our new, high-quality inventory from Bauman-Massa,” said Michael Lebowitz, Director of Jewelry for White Pine Trading. “The inventory, which will be available to existing and new retail accounts at discounts ranging from 25 to 40 percent off, includes bridal diamond jewelry, colored stones, fashion jewelry and more. This newly acquired collection provides price diversity that will help round out our already impressive inventory of higher-end products.”
In addition to its finished jewelry, Bauman-Massa imported loose diamonds through its offices in Tel-Aviv and Mumbai and was a direct importer of freshwater, Chinese Akoya, Japanese Akoya, Tahitian and South Sea pearl strands. Starting in early September, pieces from the company’s line of silver and diamond fashion jewelry will also be available to the trade through White Pine.
“This inventory acquisition is part of a broader, customer-centric strategic direction at White Pine,” Lebowitz said. “Through our new closeout wholesale division, we are striving to give our customers even greater access to better brands and jewelry. Our sales force will be bringing this product to retailers at prices ranging from 25 to 40 percent below what they would typically pay when purchasing directly from the manufacturer. Simply put, we are giving our customers more opportunities to pick up high-quality pieces at great prices, thereby increasing their margins.”
White Pine Trading LLC, one of the world’s largest recycled diamond and jewelry 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.