We Buy and Sell: Diamonds • Jewelry • Precious Metals

About the Closeout Exchange


Our name is "the Closeout Exchange". We specialize in Buying and Selling Diamonds, Jewelry, Precious Metals and Watches. We have been a fixture on Jewelers Row in Philadelphia since 1989. There are two main services we provide. Number one is Buying from the General Public. Our goal is to make people feel comfortable selling their merchandise. We know this is something you were not planning on and we try to make it as smooth as possible. We take the time to evaluate your merchandise and give you the highest possible price we can. Number two is Buying and Selling to people engaged in the jewelry trade. Our goal is to give the professionals another venue to do business. We have worked very hard at this and have been successful for over twenty years. My name is Allan Rosen. In 1989, along with my father Bernie Frey the Closeout Exchange was started. We have both worked in many different areas of the jewelry trade and through trial and error felt our expertise was in Buying and Selling. Our combined experience is well over sixty years.
A Panoramic Image of Philadelphia's famous Jeweler's Row. We're located just to the right of this image.
Where the jeweler's go, on Jeweler's Row.	Bernie opened his own variety store in 1953 when he was just seventeen years old. This was his college education in business. Three years later he closed his store and became a salesman for Barr's Jewelers in Philadelphia. Barr's Jewelers had thirteen stores and about fifty salesman. He was always the leader in sales but after five years felt there was no more room for advancement. Still only twenty five years old he found an opportunity to be a manufacturers representative. For forty five years he sold fine jewelry and watchbands to retail jewelers across the east coast. As the years progressed he started buying merchandise from jewelers, wholesalers and manufacturers. He built a strong following and great reputation. His philosophy was simple, work hard and treat people right. He recently retired but keeps a very active personal life.
I grew up around the business. From the time I was a teenager I accompanied my father on his travels. Even though I was young I learned an awful lot and took all his teachings and applied them when I got older. In the mid 80's after I graduated from college I opened a retail jewelry store and also was a manufacturers representative. Both of these experiences validated my interest in the industry but were proof my talents and interests lay elsewhere. I began to go to trade shows, auctions and estate sales and knew this is the area of the business I wanted to be in. At this point I needed a location and the only logical choice was Jewelers Row in Philadelphia. Almost twenty years later and many satisfied customers the rest is history.

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