Envela Corporation

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DGSE Companies, which is short for Dallas Gold & Silver Exchange, is one of the largest precious metals and jewelry companies in the United States. It wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products. The company specializes in providing online auctions through its Web site, DGSE.Com, which was launched in August 1995. DGSE was nominated by D-Magazine, a local magazine in Dallas, as the best place in Dallas to buy a pre-owned Rolex. The company was also awarded a five-star rating by Underground Shopper Magazine. In 2005, DGSE announced record revenues in excess of $35 million, and in the same year, the company s net income increased by more than 38 percent. The company is headquartered in Dallas.