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After the authentication service for sneakers, watches, handbags and collector cards, the global e-commerce site eBay<\/strong> is increasingly turning to luxury. The new high jewelry authentication service<\/strong> on its platform is being offered for luxury jewelry through a collaborative agreement with the Gemological Institute of America<\/strong> (GIA).<\/p>\n <\/p>\n The service will initially be available for all jewelry auctioned at prices above $500. In its press release, eBay explains that it wants to capitalize on the growing success of this category, since no less than 8 luxury jewels were sold every minute on its site last year.<\/strong><\/p>\n <\/p>\n <\/p>\n EBay beat second-quarter earnings estimates<\/strong>, focusing on luxury sales in a climate of inflation and market turmoil. This helped counteract slowing consumer spending and weakness in some European markets.<\/p>\n <\/p>\n The company forecast a decline in revenue for the current quarter, but results still came in above Wall Street targets..<\/strong> “We’re seeing significant outperformance in target categories globally”<\/em> explained Jamie Iannone<\/strong>, eBay’s chief executive officer, on a conference call after the earnings release.<\/p>\n <\/p>\n In the quarter under review, eBay’s revenue fell 9 percent to $2.42 billion, but beat estimates by $2.37 billion.<\/strong><\/p>\n <\/p>\n <\/p>\n Read also >\u00a0GBK Brand Bar partners with Ebay for a luxury lounge at Art Basel<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Messika[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n After the authentication service for sneakers, watches, handbags and collector cards, the global e-commerce site eBay<\/strong> is increasingly turning to luxury. The new high jewelry authentication service<\/strong> on its platform is being offered for luxury jewelry through a collaborative agreement with the Gemological Institute of America<\/strong> (GIA).<\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nFocus on luxury<\/h2>\n
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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.<\/h4>\n