Last updateWed, 11 Jul 2018 7am

White Pine Trading expands Consumer Buy-Back Program to retailers nationwide


Creates new streamlined submission process 

(NEW YORK) - White Pine Trading LLC, an industry leader and pioneer in the purchasing and trading of diamonds, fine jewelry and luxury watches, has announced the expansion of its Consumer Buy--Back Program. Under this expansion, the program will now be available to retailers nationwide. In addition, the company has streamlined how retailers can purchase diamonds, jewelry and luxury watches from their customers, eliminating contracts and creating a simple online submission process.

Andrew Brown, President & CFO of White Pine said: “Our improved Consumer Buy--Back Program now offers a simple, yet powerful way for jewelers across the country to provide an invaluable service to their customers, while generating new business (through store credit) and a sales commission for themselves. We are confident that this revamped program will help increase customer relationships for participating partners and make the program more accessible to retailers across the country.”

The program works as follows:

  • Retailers fill out a dedicated form at retailer.whitepinediamonds.com, providing their store’s contact information, the customer’s contact information and details on the item(s) being sold along with an insurance value;
  • Once the form is submitted, a free and fully insured FedEx shipping label will be automatically e-mailed so the item(s) can be sent to WP Diamonds’ headquarters for delivery the next day. Once at WP Diamonds’ headquarters, the item(s) will be assessed and valued;
  • WP Diamonds will then submit an offer to the retailer using real--time industry pricing. If the offer is accepted, WP Diamonds will send a check to the store. If the offer is declined, WP Diamonds returns the item to the store, free of charge;
  • In exchange for the service, the retailer receives a commission of 10% of the purchase price. As part of the program, White Pine will donate $20 to Jewelers for Children for every transaction made through the new program. To encourage participation and kick off the national launch, White Pine will be running a Summer Send--In Competition. The retailer who earns the greatest value of purchased send--ins between July 1, 2017 and August 31, 2017 will win a diamond and ruby by the yard necklace (with an estimated $1,000 value).

Retailers can participate in the program and find more information by visiting www.retailer.whitepinediamonds.com.