Ebay opens 'Luxury Exchange' store in NYC
Ebay’s 'Luxury Exchange' is popping up in the heart of New York's iconic Diamond District and inviting shoppers to have their jewelry, handbags, and watches appraised.
Open during Jewelry Week on November 16 and 17, shoppers can exchange their appraised items for "closet currency" to purchase authentic items from Ebay's top luxury sellers. If they don’t find anything in store, guests can visit the on-site photo studio and opt to list on Ebay themselves instead of exchanging.
"It's never been easier for luxury enthusiasts to refine their collections in a trusted environment, and we wanted to create an IRL experience that reflects what's happening on Ebay every day," said Tirath Kamdar, GM of luxury at Ebay.
"The Luxury Exchange gives shoppers an opportunity to appraise and sell their valuable goods, and add something new to their personal collections – just in time for the holiday season."
The Luxury Exchange comes on the heels of the expansion of Ebay's 'Authenticity Guarantee' to jewelry. Ebay’s Authenticity Guarantee was first launched in 2020 and has since expanded to include sneakers, watches, handbags, trading cards and now, fine jewelry.
Ebay has been attracting a growing luxury clientele. In 2022, Chanel, Gucci, Louis Vuitton, and Prada are the top selling handbag brands on the platform in the U.S. and Canada, while sales of styles like the Balenciaga Le Cagole and Chanel 22 are up triple-digits year-over-year.
In terms of jewelry, Cartier, David Yurman, Gucci, Swarovski, and Tiffany & Co are 2022's top selling brands in North America, while sales of the Chanel Coco Crush Ring, David Yurman Cable Spira Bracelet, Gucci Interlocking G Bracelet, and Mikimoto Cultured Pearl Bracelet are also up triple digits year-over-year.
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