Envela (NYSEAMERICAN:ELA) is a precious-metals and specialty-asset company that operates through retail and wholesale businesses. Its retail operations buy and sell precious metals, jewelry, watches, diamonds, coins, and other collectibles. The company serves consumers seeking to purchase, sell, or exchange valuable items through its retail locations and related channels.
Through its wholesale activities, Envela processes and recycles precious metals recovered from jewelry, industrial materials, and other sources. The company also provides services related to the resale and disposition of electronic equipment and other assets, helping businesses recover value from surplus or end-of-life materials.
Envela is based in Dallas, Texas, and has historically operated brands including Dallas Gold & Silver Exchange and Charleston Gold & Diamond Exchange. The company was formerly known as DGSE Companies before adopting the Envela name in 2019. Its operations primarily serve customers in the United States, with retail activities concentrated in selected U.S. markets.
John Loftus has served as Envela’s chief executive officer and has been associated with the company’s development as it expanded beyond traditional precious-metals retailing into broader asset recovery, recycling, and resale services.
