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
ColumnistsJan 22, 2025
On Data: How Did Independent Jewelers Fare in 2024? Sherry Smith shares data on the year gone by, including the breakdown between natural and lab-grown diamond sales.
Policies & IssuesJan 22, 2025
Jewelers Mutual Steps Up Aid for LA Jewelry BusinessesThe company also is matching donations made to Jewelers of America and the Diamond Council of America’s Jewelers Relief Fund.
Events & AwardsJan 22, 2025
JA Seeking Nominations for Its Next ‘20 Under 40’ ClassNow in its fourth year, the program is expanding to include a list of “20 Under 40” for jewelry suppliers.
Brought to you by
3 New Year’s Resolutions for Jewelry Lovers The new year feels like a clean slate, inspiring reflection, hope, and the motivation to become better versions of ourselves.
SurveysJan 22, 2025
Holiday Sales Hit Record High, Says NRFCore retail sales during the 2024 holiday season surpassed the National Retail Federation’s forecast.
Weekly QuizJan 16, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJan 22, 2025
Foundrae’s New Collection Channels the Power of NowThe “Reach for Life” collection uses feather and arrow motifs to invite growth and inner curiosity.
ColumnistsJan 21, 2025
Peter Smith: Sales Training’s Dirty Little SecretPeter Smith pulls back the curtain on the often misinterpreted, and sometimes maligned, world of sales training.
Brought to you by
A Diamond Is Forever Celebrates "Forever Present" Holiday CampaignA Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
TrendsJan 21, 2025
Amanda’s Style File: Decadent Mocha MoussePantone’s 2025 Color of the Year takes the form of jewelry through gemstones and enamel that look just as delicious as mocha mousse.
Policies & IssuesJan 21, 2025
These Designers and Retailers Are Raising Money for LA Wildfire Relief From raffles to auctions to donations, the industry is working to aid charities in Los Angeles amid the raging wildfires.
SourcingJan 21, 2025
Diamonds Do Good Adds 2 Board MembersJulia Hackman Chafé and Monica Elias have joined the organization’s board of directors.
FinancialsJan 17, 2025
Richemont’s Jewelry Sales Rise 14% in Holiday QuarterThe company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.
CollectionsJan 17, 2025
Piece of the Week: Picchiotti’s Transformable ‘Classic Blue and Green’ NecklaceThe necklace features a sapphire drop weighing more than 9 carats that detaches to transform into a ring.
MajorsJan 17, 2025
Tiffany & Co., CFDA Name First Winner of Jewelry Designer AwardJameel Mohammed, founder of Afrofuturist brand Khiry, will receive a cash prize and a one-year paid fellowship with Tiffany & Co.
IndependentsJan 16, 2025
Lux Bond & Green to Open Sixth LocationThe 127-year-old jeweler is planning to open a new store in Mystic, Connecticut.
WatchesJan 16, 2025
Timex Launches Collection of National Park WatchesThe watches’ dials feature artwork celebrating the vibrant energy and unique landscapes of six of America’s national parks.
AuctionsJan 16, 2025
Elizabeth Taylor’s Diamond Line Bracelet Going up for Auction Offered by U.K. auction house Woolley & Wallis, the yellow diamond bracelet was a gift from Taylor’s good friend Michael Jackson.
Events & AwardsJan 16, 2025
JCK Las Vegas 2025 Open for RegistrationThe jewelry trade show returns to The Venetian Expo and The Venetian Resort in Las Vegas from June 6 to 9.
EditorsJan 15, 2025
The Jewelry I’d Bid On in Christie’s Iris Apfel AuctionAssociate Editor Natalie Francisco highlights her favorite fashion jewelry pieces from the upcoming “Unapologetically Iris” auction.
MajorsJan 15, 2025
Macy’s to Close 66 Stores as Part of Turnaround StrategyThe closures are part of the retailer’s plan to close 150 locations over a three-year period.
Policies & IssuesJan 15, 2025
JVC Debuts Guide to Americans with Disabilities Act ComplianceThe online guide is available for free and written with the jewelry industry in mind.
Events & AwardsJan 15, 2025
Jose Hess Design Awards Open for SubmissionsThe awards honor the late Jose Hess, a founding member of AJDC and an award-winning jewelry designer.
GradingJan 14, 2025
GIA CEO, President Susan Jacques to Retire at the End of 2025The grading lab said the search for her successor is underway.
ColumnistsJan 14, 2025
Jules Kim: Building Bridges Between Creators and IndustryIn this special op-ed, designer Jules Kim calls on big brands to collaborate with independent creators instead of copying their designs.
GradingJan 14, 2025
Former SSEF Director Henry A. Hänni DiesA pioneering figure in gemology, he is remembered for his spirit of generosity, curiosity, and joy.
FinancialsJan 14, 2025
Signet Jewelers Lowers Q4 Guidance After Holiday Sales Fall ShortThe peak selling days leading up to Christmas did not meet the jewelry retailer’s expectations.
MajorsJan 14, 2025
Edouard Schneider Joins Messika as Chief Brand OfficerSchneider brings over 20 years of luxury and fashion industry experience to his role as a key member of the brand’s global leadership team.
