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The online retailer is looking for a buyer for a lot of jewelry from its liquidation of Bidz.com, pricing each piece at about $1 each and asking for $1.3 million for the whole thing.
Two online postings suggest the online retail giant is establishing a handmade marketplace to rival Etsy, which has seen its stock drop since going public in March.
Salespeople or stylists now can send customers messages about a product they might like and all they have to do is text back “BUY” to purchase it.
The online retailer revealed a bit more about its plans to open a store where consumers can try on--but not buy--jewelry during the company’s earnings call Friday morning.
The online retailer will close Amazon Supply next month and redirect customers to its new business-to-business wholesale site, Amazon Business.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.