Envela Corp

AMEX:ELA

Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. The company is headquartered in Irving, Texas and currently employs 256 full-time employees. The Company’s re-commerce businesses are conducted on both a retail basis and a wholesale basis through distributors, resellers, brick-and-mortar stores and online. Its subsidiaries also operate a number of other related businesses and brands engaged in a variety of activities. The firm operates through two segments represented by its two subsidiaries: DGSE, LLC (DGSE) and ECHG, LLC (ECHG). DGSE segment operates the Dallas Gold & Silver Exchange, Charleston Gold & Diamond Exchange and Bullion Express brands and primarily buys and resells or recycles luxury hard assets like jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver, and other precious-metals. ECHG segment owns and operates Echo Environmental Holdings, LLC; ITAD USA Holdings, LLC; Teladvance, LLC; CEX Holdings, LLC and Avail Recovery Solutions, LLC.