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The digital age has ushered in new business models, including the so-called ‘sharing economy’ system. The success stories of Uber
and Airbnb in this arena are particularly inspiring. With the Asian market for pre-owned jewellery and watches booming in recent years, jewellery recycling companies from Europe and the US have commenced operations in Hong Kong and local jewellers are tapping into this market by establishing business platforms based on the ideas of sharing and recycling.
Andrew Brown, president of WP Diamonds
WP Diamonds’ certified gemmologist examines a watch
A jeweller assessing a diamond necklace
Photo Credit: WP Diamonds
Dr. Terence Shih, CEO of Jewellery-Box
The idea of reselling jewellery used to bring about negative connotations but with sustainability issues taking precedence in the global market today, trading of second-hand jewellery has become a trend.
Jewellery recycling companies like WP Diamonds are taking advantage of this change.
Founded in 2012 in New York, the company has offices in the US, the UK and Hong Kong. It is a division of White Pine Trading, an international diamond and jewellery recycling company.
Andrew Brown, president of WP Diamonds, said the company’s goal is to become the leading online buyer of recycled diamonds, jewellery and fine watches globally.
According to him, Asians...
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