Envela Welcomes Bijoux Exchange to its Lineup
Envela (NYSE American:ELA) has announced the launch of Bijoux Exchange, a new venture specializing in the purchase of pre-owned luxury items. Bijoux Exchange boutiques will operate as 'stores within a store' inside select Envela locations. According to Allison DeStefano, Head of Envela's Consumer Division, the initiative aims to offer a transparent and pressure-free environment for clients to sell high-value items and receive immediate payment. This move aligns with Envela's strategy of being a trusted information resource and providing liquidity to clients.
- Introduction of Bijoux Exchange aims to attract clients looking to sell pre-owned luxury items, potentially increasing foot traffic and sales.
- Bijoux Exchange boutiques will be located inside existing Envela stores, potentially optimizing space utilization and reducing additional operational costs.
- Envela's strategy of offering immediate payment for high-value items may attract more sellers, thereby enhancing revenue streams.
- The success of Bijoux Exchange relies heavily on consumer demand for selling pre-owned luxury items, which could fluctuate.
- Initial investment and operational costs related to setting up Bijoux Exchange boutiques might impact short-term financials.
- Any failure in effectively integrating Bijoux Exchange into existing Envela stores could lead to logistical challenges and customer dissatisfaction.
DALLAS, TX / ACCESSWIRE / May 17, 2024 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company"), announced today that it is expanding its lineup this week with the introduction of Bijoux Exchange-an exceptional buyer of pre-owned luxury items in private, pressure-free environments. Bijoux Exchange boutiques will be located inside select Envela stores as "stores within a store."
"Drawing on our company's heritage, we are delighted to introduce Bijoux Exchange, our new take on a concept at the heart of our brand," said Allison DeStefano, Head of Envela's Consumer Division. "The core of our strategy has always been to be an information resource for clients, bring transparency to transactions, and offer liquidity to those seeking to sell high-value items and receive immediate payment."
About Bijoux Exchange
Bijoux Exchange is a premier buyer of fine pre-owned jewelry, natural diamonds, and luxury watches. Established with a mission to transform the luxury resale market, Bijoux Exchange provides a unique and elevated selling experience to clients. For over half a century, Envela's been committed to delivering exceptional value and service to its clients while keeping a strong focus on global sustainability by extending the lifecycle of luxury items. With its team of experts, including GIA-certified gemologists, Bijoux Exchange is built on this solid foundation and carries on these principles.
What We Offer
Whether clients are selling a single diamond ring, a collection of vintage Rolex watches, or an entire estate of rare jewels, Bijoux Exchange strives to provide them discrete, pressure-free experiences that leave them feeling confident in their sale decisions and confident in Bijoux Exchange. Bijoux Exchange simply delivers unparalleled service, guidance, and value to sellers, with immediate payments. Clients can schedule private, in-person appointments at any of our locations.
Expertise and Commitment
The foundation of Bijoux Exchange's no-pressure experience lies in the expertise of its team. Boasting dozens of experts with decades of experience, each specialist is trained to recognize nuances that can maximize the value of luxury items. Bijoux Exchange is committed to offering the best possible prices. With access to real-time market data, innovative technology, and proprietary sales knowledge, Bijoux Exchange can offer the most competitive prices and pay top dollar for fine jewelry, diamonds, and luxury watches.
Diverse and Comprehensive Services
Bijoux Exchange purchases a wide variety of items:
- Fine jewelry from every era, including Antique, Edwardian, Georgian, Art Nouveau, Belle Epoque, Art Deco, Retro, and Contemporary
- Signed jewelry by renowned makers like Cartier, Van Cleef & Arpels, Bulgari, David Yurman, and Tiffany
- Loose diamonds, diamond rings, and jewelry made from gold, silver, platinum, and other precious metals
- Luxury watches by famous brands including Rolex, Patek Philippe, Breitling, Cartier, Omega, and Panerai
- Collectibles, paper currency, coins, and silver flatware
With wide-ranging experience in the fine jewelry industry, Bijoux Exchange is uniquely qualified to value and purchase fine jewelry. Whether clients are selling because their jewelry no longer matches their style or lifestyle, or due to life-altering events such as divorce or the loss of a loved one, Bijoux Exchange is there to provide the best value and immediate payment.
Sustainability
Bijoux Exchange is dedicated to global sustainability. Extending the lifecycle of pre-owned luxury items contributes to this effort. Sustainability is a core value that Bijoux Exchange takes to heart, aligning with the growing consumer demand for environmentally responsible practices.
Conclusion
Bijoux Exchange is not just a marketplace for pre-owned luxury; it's a revolution in how these items are valued and sold. With a mission to provide a rewarding and elevated selling experience, the company combines unparalleled expertise, superior service, and a commitment to sustainability. Whether you're looking to sell fine jewelry, diamonds, or luxury watches, Bijoux Exchange offers a trusted and satisfying solution.
About Envela
Envela a leading provider of re-commerce services at the forefront of the circular economy. The company is comprised of primarily two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online sites that offer premium brands and luxury hard assets, while the Commercial segment provides personalized re-commerce solutions to meet the needs of various clients, including Fortune 500 companies. We execute with passion and meticulous attention to detail, focusing on our strengths rather than trying to be everything to everyone.
At Envela, we Reuse, Recycle, and Reimagine. To learn more, visit Envela.com and follow our social media channels on Twitter, Instagram, Facebook, and LinkedIn.
Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995's safe harbor provisions, including statements regarding future events and developments; potential expansions, purchases and acquisitions; potential future success of business lines and strategies; and management's expectations, beliefs, plans, estimates and projections relating to the future. Words such as "believes," "anticipates," "plans," "may," "intends," "will," "should," "expects" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's then current views and assumptions and, as a result, are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC. By making these statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.
Investor Relations Contact:
Andrew Stacey
ir@envelacorp.com
972-587-4030
SOURCE: Envela Corporation
View the original press release on accesswire.com
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