TechnologyMay 04, 2023
EBay’s New Platform Connects Designers to Secondary MarketTechnologySep 14, 2023
EBay Is Diving Deeper Into the Pre-Owned Pool
The tech company is launching a consignment service for sellers of luxury fashion goods, starting with handbags.
Gucci and Saint Laurent are among the handbag brands eBay is accepting for its new consignment service. The service will expand to include jewelry and watches in 2024, the company said. (Photo courtesy of eBay)
San Jose, Calif.—EBay announced this week it is launching a consignment service for users looking to sell luxury items on the site.
While the initial launch is limited to designer handbags, the service will expand to include jewelry and watches as well as other luxury categories next year, the company noted in a news release.
“Our top priority is to respond to the ever-evolving needs of our customers, and continuously delight luxury shoppers and sellers,” said Tirath Kamdar, global general manager of luxury at eBay and co-founder and former CEO of TrueFacet.
The move better positions the company to compete with sites like The RealReal and follows the company’s experiment with a pre-owned luxury pop-up last November in New York City’s Diamond District.
The introduction of a consignment service comes on the heels of several other moves the tech company has made to bolster its reputation and make it more competitive in the global, multibillion-dollar market for pre-owned luxury goods.
The company introduced “eBay Authenticate” for luxury handbags in 2017 and expanded the service to jewelry in 2018.
In 2020, it came out with its “Authenticity Guarantee.”
It expanded the guarantee to jewelry last year, partnering with the Gemological Institute of America for the service, which, it said, covers more inventory than eBay Authenticate and is free to both buyers and sellers.
Earlier this year, eBay introduced “Certified by Brand.” Brands and authorized sellers participating in the program get a “Direct from Brand” or “Brand Authorized Seller” badge on their listings.
Related stories will be right here …
While the initial launch is limited to designer handbags, the service will expand to include jewelry and watches as well as other luxury categories next year, the company noted in a news release.
“Our top priority is to respond to the ever-evolving needs of our customers, and continuously delight luxury shoppers and sellers,” said Tirath Kamdar, global general manager of luxury at eBay and co-founder and former CEO of TrueFacet.
The move better positions the company to compete with sites like The RealReal and follows the company’s experiment with a pre-owned luxury pop-up last November in New York City’s Diamond District.
The introduction of a consignment service comes on the heels of several other moves the tech company has made to bolster its reputation and make it more competitive in the global, multibillion-dollar market for pre-owned luxury goods.
The company introduced “eBay Authenticate” for luxury handbags in 2017 and expanded the service to jewelry in 2018.
In 2020, it came out with its “Authenticity Guarantee.”
It expanded the guarantee to jewelry last year, partnering with the Gemological Institute of America for the service, which, it said, covers more inventory than eBay Authenticate and is free to both buyers and sellers.
Earlier this year, eBay introduced “Certified by Brand.” Brands and authorized sellers participating in the program get a “Direct from Brand” or “Brand Authorized Seller” badge on their listings.
EBay said longtime seller Linda Lightman, founder of Linda’s Stuff, will be its partner for the launch of the consignment service for luxury handbags.
According to the company, users who want to consign an item have to fill out an intake form. Once submitted, they will receive an insured, pre-paid shipping label.
Ebay and the consignment partner for that category will photograph, price, and list the item.
If it sells, the consignor will receive a percentage of the sale, which is based on the sale price.
The service is available for new or pre-owned purses.
There is no minimum or maximum price point, but the service is limited to a total of 33 brands, high-end names like Balenciaga, Chanel, Fendi, Goyard, Gucci, Hermès, Louis Vuitton, Saint Laurent, and Versace.
More on Technology
The Latest
MajorsAug 26, 2024
Longtime Industry Sales Trainer Lenny Zell Dies at 97Said to be the first to write a jewelry sales manual for the industry, Zell is remembered for his zest for life.
WatchesAug 26, 2024
IWC Is Sending Its Watches to SpaceThe company outfitted the Polaris Dawn spaceflight crew with watches that will later be auctioned off to benefit St. Jude’s.
AuctionsAug 23, 2024
Abernethy Pearl Tops Estimates at Auction A buyer paid more than $100,000 for the gemstone known as “Little Willie,” setting a new auction record for a Scottish freshwater pearl.
Brought to you by
Watch: Natural Diamonds: A Great (but Often Untold) Geology StorySupplier Spotlight Sponsored by GIA.
CollectionsAug 23, 2024
Piece of the Week: Gumuchian’s Colorful ‘Spectrum’ NecklaceAnita Gumuchian created the 18-karat yellow gold necklace using 189 carats of colored gemstones she spent the last 40 years collecting.
Weekly QuizAug 23, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingAug 22, 2024
2,492-Carat Diamond Recovered From Botswana Diamond MineThe giant gem came from Karowe, the same mine that yielded the 1,109-carat Lesedi La Rona and the 1,758-carat Sewelô diamond.
TrendsAug 22, 2024
Kaley Cuoco Has a Three-Stone Engagement Ring With a TwistThe three-stone ring was designed by Shahla Karimi Jewelry and represents Cuoco, her fiancé Tom Pelphrey, and their child.
Brought to you by
Watch: Forging the Next Generation of Skilled Bench Jewelers at GIASupplier Spotlight Sponsored by GIA
CollectionsAug 22, 2024
Greenwich St. Jewelers Collabs with TikTok Jewelry Content CreatorThe Manhattan jewelry store has partnered with Xarissa B. of Jewel Boxing on a necklace capsule collection.
TrendsAug 21, 2024
Carol Woolton To Release New BookThe jewelry historian discusses the history and cultural significance of jewelry throughout time and across the globe.
TrendsAug 21, 2024
Amanda’s Style File: Shimmy and ShakeFrom fringe and tassels to pieces that give the illusion they are in motion, jewelry with movement is trending.
IndependentsAug 20, 2024
Mixed-Media Jewelry Artist Jan Yager Dies at 72The designer and maker found community around her Philadelphia studio and creative inspiration on the sidewalks below it.
ColumnistsAug 20, 2024
Google Ads Payment Policy Change: What It Means For YouThe change to accepted payment methods for Google Ads might seem like an irritation but actually is an opportunity, Emmanuel Raheb writes.
IndependentsAug 20, 2024
Pat Henneberry Releases MemoirThe industry consultant’s new book focuses on what she learned as an athlete recovering from a broken back.
Events & AwardsAug 20, 2024
The Ethical Gem Fair Is Going to CaliforniaThe fair will take place on the West Coast for the first time, hosted by Altana Fine Jewelry in Oakland, California.
MajorsAug 20, 2024
Kathy Hillelson Joins Board of WJA Foundation Hillelson is a second-generation diamantaire and CEO of Owl Financial Group.
Events & AwardsAug 19, 2024
Nominations Are Open for the 2025 Gem AwardsSubmissions in the categories of Jewelry Design, Media Excellence, and Retail Excellence will be accepted through this Friday, Aug. 23.
AuctionsAug 19, 2024
Scotland’s Famed Abernethy Pearl Is Up for Sale Known as “Little Willie,” it’s the largest freshwater pearl found in recent history in Scotland and is notable for its shape and color.
IndependentsAug 19, 2024
Kentucky Jeweler Closing After 89 YearsClements Jewelers in Madisonville cited competition from larger retailers and online sellers as the driving factor.
SourcingAug 19, 2024
A&C Gem Trading Corp. Relocates, Opens Wholesale ShowroomThe gemstone company is moving to the Ross Metal Exchange in New York City’s Diamond District.
CrimeAug 16, 2024
Jewels Stolen During Green Vault Heist Back on DisplayMost of the 18th century royal jewelry taken from the Green Vault Museum in Dresden, Germany, in 2019 went back on display this week.
IndependentsAug 16, 2024
Louis Anthony Jewelers Announces First Resort StoreThe Pittsburgh jeweler has opened a store in the nearby Nemacolin resort.
CollectionsAug 16, 2024
Piece of the Week: Jonne Amaya’s ‘Cat Claw’ NecklaceWith a 40-carat cabochon emerald, this necklace is as powerful and elegant as a cat.
Events & AwardsAug 16, 2024
IJO Names Jewel-Craft as VIP Vendor of the YearThe Erlanger, Kentucky-based company was recognized for its reliability when it comes to repairs and fast turnaround times.
SourcingAug 15, 2024
Greenland Ruby Is Up For SaleUnable to pay its debts, the ruby and sapphire miner is looking to restructure and become a “competitive and attractive” company.
TrendsAug 15, 2024
Paola De Luca to Debut Trendbook 2026+ at VicenzaoroThe trend forecaster’s latest guide has intel on upcoming trends in the jewelry market.
Events & AwardsAug 15, 2024
Heather Ingraham Awarded WJA Helene Fortunoff Scholarship Ingraham said she’ll use the scholarship funds to attend the Women’s Leadership Program at the Yale School of Management.
