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In 1904, he turned that dream into a reality when he opened a wholesale gold refinery company in New York City. The company called OK Refining Company, located on Canal Street was competing against the United States government in buying gold. Soon they became a success and Kravit began operating liquidation of jewelry stores both family-owned and national chains throughout America’s northeast. It was not long before the Kravit name because synonymous with buying gold, jewelry, antique jewelry, diamonds, and watches.

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