eBay has greater than 150 million lively customers and, in 2020, the corporate generated greater than $US10 billion in income.

Greater than 500,000 luxurious objects are listed on eBay at any given time, together with high quality jewelry, and lately eBay has explored authentication applications for worthwhile collectables equivalent to buying and selling playing cards and footwear.

Now, jewelry has turn out to be the fifth class inside which eBay will supply authentication companies.

As part of the brand new partnership, GIA specialists will confirm each bit of jewelry to make sure the situation, high quality, and outline matches the itemizing. All verified items will obtain a singular authentication card with a QR code, which consumers can use to study extra concerning the piece.

Tirath Kamdar, basic supervisor of luxurious at eBay, stated growing the companies supplied for jewelry was a logical subsequent step based mostly on rising reputation.

“Jewelry has at all times been a well-liked class on {the marketplace}, and its progress reveals how shopper demand is simply growing,” he stated.

“As we proceed to hearken to our neighborhood of luxurious fans so as to foster an much more trusted purchasing and promoting setting, increasing authenticity assure to jewelry was an important subsequent step for our enterprise.”

He added: “The launch of authenticity assure for jewelry is an unbelievable milestone, and we’re thrilled by the instant optimistic response we now have seen from our communities of consumers and sellers.”

Rapaport Information experiences that the service will likely be supplied for jewelry priced at $US500 and above.

In accordance with eBay, 4.2 million items of high quality jewelry had been bought from the location in 2021. The corporate added that gross sales from manufacturers equivalent to Harry Winston and Chopard had elevated by greater than 35 per cent because the starting of the yr.

GIA chief working officer Pritesh Patel advised JCK On-line that enhancing public belief within the commerce of jewelry was essential.

“We deliver a long time of expertise, proficient and expert workers, and unparalleled information of gems and jewelry, and independence and dedication to making sure the general public belief in gems and jewelry to this necessary effort,” he stated.

“GIA is the trusted unbiased supply of data, requirements, and training in gems and jewelry; our mission is to guard customers.

“Collaborating with eBay on its authentication assure extends our mission, serving to to guard the thousands and thousands of eBay high quality jewelry consumers and sellers.”

eBay first supplied authentication companies in 2020 and the next yr, started offering authentication companies for wrist watches, together with manufacturers equivalent to Rolex, Omega, Breitling, Cartier and Patek Phillipe.

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