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Is the eBay e-commerce site doomed to refocus on luxury?

Is the eBay e-commerce site doomed to refocus on luxury?

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The online retail giant has announced the launch of a new authentication service designed to certify fine jewelry items offered for sale on its platform. An announcement that comes while the increase in spending on high-value collectibles and luxury allowed eBay to unveil results above expectations in the second quarter.

 

After the authentication service for sneakers, watches, handbags and collector cards, the global e-commerce site eBay is increasingly turning to luxury. The new high jewelry authentication service on its platform is being offered for luxury jewelry through a collaborative agreement with the Gemological Institute of America (GIA).

 

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