(MUMBAI) – White Pine Trading LLC, one of the world’s largest recycled diamond and jewelry companies, is ramping up its Indian operations with the launch of a new office in Mumbai, its fourth globally.
In conjunction with the office opening, White Pine India’s 2015 diamond auction program commenced in February at the Trident Hotel BKC. “Over 160 companies attended the event, translating into extremely positive results,” said Myles Schakler, White Pine’s Vice President of Diamond Sales. The company’s next India event was held in April at the same location. At least two additional sales are slated for later this year.
The Mumbai office further enhances White Pine’s global presence and expands its business platform. The office will facilitate daily brokerage of White Pine’s recycled diamonds and supply from third-party clients in the U.S. and Europe, providing local buyers with faster access to diamond supply.
Ben Burne, Chief Executive Officer of White Pine Trading, said: “The opening of the Mumbai office marks our fourth international location. We continue to focus on strategically augmenting our business and see significant growth opportunity in the region. Hardik’s knowledge of the local market and expansive network of contacts will be a tremendous asset to White Pine India.”
“We are excited to be increasing our activity in India, a country where diamond buyers are eager to connect with our vast network of suppliers from across North America,” noted Schakler. “Based on the high level of interest we have already witnessed among Indian buyers, we anticipate an unprecedented turnout for our upcoming auctions.”
White Pine’s February auction in Mumbai marked the company’s first diamond event in India since 2013. The sale featured over 35,000 carats of melee diamonds, primarily used for manufacturing, and included a large variety of mixed and assorted parcels of all qualities, shapes and sizes.
Suppliers and buyers interested in participating in future White Pine Diamond Auctions should e-mail email@example.com or call 646-758-0255.