ELA

The company operates in two core segments: Consumer and Commercial. The Consumer segment focuses on the resale of luxury items, including fine jewelry, diamonds and gemstones, luxury watches, and secondary-market precious metals. These goods are sold both online and through physical retail locations. The Commercial segment, on the other hand, provides services for retiring IT assets, such as data destruction, equipment refurbishment, and remarketing. It also offers detailed reporting on the disposition of those assets.

By managing these two distinct business lines, Envela creates a revenue stream from the secondary market for high-value consumer goods and from enterprise-level electronics recycling. The company has a long operating history, having been incorporated in 1965, and was formerly known as DGSE Companies, Inc. before adopting its current name in late 2019. Its strategy centers on extracting value from pre-owned luxury items and used electronic equipment.