eBay expanded its consignment service to the jewelry category, which had already included handbags and watches.
The “eBay Authenticate” program allows a small number of sellers to benefit from the program after eBay terminated the eBay Trading Assistants and Trading Posts programs that had been open to all sellers.
eBay presumably provides greater search exposure to those few sellers with whom it partners, and they certainly gain an edge by operating under the eBay Authenticate branding.
One seller dominates the eBay.com/authentic/jewelry landing page. How do we know the listings are mostly from one seller? The company uses watermarks in its images – which violates eBay’s Picture policy, feeding into many sellers’ perceptions around eBay favoritism.
eBay stated in Monday’s announcement, “eBay Authenticate offers “authenticity verified” high-end jewelry, watches and handbags for the holidays,” leaving other sellers at a disadvantage while continuing to pay standard eBay selling fees.
Press release follows:
Today, eBay announces the expansion of eBayAuthenticate into the luxury jewelry category, offering holiday shoppers more than 45,000 high-end diamond and other gemstone jewelry, verified by professional authenticators. eBay’s Authenticate service, which launched in the luxury handbags category in 2017 and luxury watches category earlier this year, now includes listings for necklaces, earrings, rings, and bracelets, all marked with an “Authenticity Verified” label.
The 45,000 authenticated jewelry items span engagement and wedding bands, loose diamonds and gemstones, and fine, vintage and fashion jewelry at eBay.com/authentic/jewelry. These items – ranging in price from $250 to upwards of $20,000+ – are verified by third-party authentication experts and sourced from more than two dozen of eBay’s top-rated sellers.
“eBay is home to the largest selection of luxury goods, which includes tens of thousands of jewelry items, fine watches, and rare and designer handbags,” said James Hendy, Senior Director of eBay Authenticate. “Expanding the eBay Authenticate service provides customers an added layer of trust and confidence as they shop for fine jewelry this holiday and beyond.”
To celebrate this launch, beginning today eBay is offering special deals and discounts on select authenticated jewelry items starting today, including:
– 2 CTW Round-Cut Diamond Hoop Earrings, 14K White Gold, 1-I2 AGS Certified, $999.99 | here
– 8.55 CT Diamond Bracelet, 8 Prong, 14K White Gold, 1-I2 IGI Certified, $6,999.99 | here
– VS2 1 1/3 CT Diamond Vintage Halo Engagement Ring, White Gold, IGI Certified, $4,299.99 | here
– 1/2 CTW Diamond Stud Earrings, 14K White Gold, IGI Certified, $319.99 | here
Whether purchasing jewelry for themselves or a loved one, shoppers turn to eBay for a wide selection of options at incredible prices. In fact, 50,000 jewelry items are sold per day on eBay – that’s more than 2,000 sold per hour – and one diamond ring is sold per minute. To start shopping eBay’s assortment of authenticated jewelry, visit eBay.com/authentic/jewelry.
eBay’s Most Popular Gemstones
SOURCE: eBay Press Release