Daily News: August 28, 2013

Buxbaum’s Lebowitz to Lead White Pine Jewelry Advisory Group

White Pine Trading, a recycled diamond company, announced the launch of White Pine Jewelry Solutions, a new division providing consulting and other services to retailers, manufacturers and wholesalers, and the industry’s asset-based lenders. The company named jewelry industry veteran Michael Lebowitz to lead the division, which will also design and manufacture pieces created from White Pine’s recycled diamonds.

Lebowitz, who was named director of Jewelry, joins White Pine with more than 42 years of experience in jewelry retailing, wholesaling and consulting, most recently as executive vice president of Buxbaum Jewelry Advisors, where he directed store closings, promotional sales, inventory augmentation programs, wholesale auctions, and consulting assignments for retailers, wholesalers or their asset-based lenders.

Previously, he served as a consultant to manufacturer M. Fabrikant & Sons, and held positions as a fine jewelry merchandise manager for Boston jeweler Shreve Crump & Low and a close-out buyer and asset appraiser at Gordon Brothers Corp. He began his career in 1970 with Lebowitz and Co., a family-owned jewelry store in Shrewsbury, MA, where he was ultimately named chief operating officer.

“White Pine Jewelry Solutions marries our unique understanding of the recycled diamond market with Michael’s diverse experience in jewelry retailing, wholesaling, manufacturing and asset appraisals,” said White Pine CEO Benjamin Burne. “This combined knowledge base provides a powerful platform to benefit profitable businesses seeking to enhance their bottom line as well as firms looking to restore their profitability.”

The division’s services include inventory evaluation and appraisals; evaluation of business options, from store closing, consolidation or promotional sales, to overstock sales events; guidance on running special on-premises sales events or, if desired, hands-on management of the events; and development of event auction and quick sale programs using White Pine’s platform. The company’s sale platform is designed to maximize returns on excess inventory through the firm’s global network of buyers.