Envela Corporation, the “re-commerce” company that owns Dallas Gold & Silver Exchange, has purchased Scottsdale, Ariz.–based jewelry manufacturer Steven Kretchmer.
Terms of the acquisition were not disclosed, though Envela said it will be financed by cash on hand. Steven Kretchmer will continue to be led by its president, Claudia Kretchmer (pictured), and its current management team.
Envela has also appointed Claudia Kretchmer artistic director of jewelry for its consumer division. In this newly created role, she will direct the design of the company’s jewelry offerings.
Kretchmer, stepdaughter of the company’s namesake, has won numerous design prizes, including the 2007 Town & Country Couture Design Award for her first solo design, the Star Pendant. In 2016, she won both the AGTA Spectrum and WJA Excellence in Design awards.
Kretchmer has a master’s in astrophysics from Johns Hopkins University. In 2006, she was earning her Ph.D. in the field when Steven Kretchmer died. That tragic event was followed a few months later by the death of Claudia’s mother, Alma. Claudia took over the company soon afterward.
She also serves as a board member for Johns Hopkins and the Arizona Guild of the American Gem Society.
In addition to owning Dallas Gold & Silver Exchange, Envela provides recycling services for products in a variety of industries. Previously known as DGSE Companies, it changed its name to Envela in 2020.
(Photo courtesy of Envela)
Follow JCK on Instagram: @jckmagazineFollow JCK on Twitter: @jckmagazine
Follow JCK on Facebook: @jckmagazine
