GETTING CERTIFIED: TrueFacet, the marketplace for jewelry and watches, is now the first online site to offer a selection of pre-owned goods that will be brand certified.
The company is working with seven brand partners that include Zenith, Roberto Coin, Raymond Weil, Fendi Timepieces, Fabergé; Frédérique Constant and Ernst Benz. The items in TrueFacet’s inventory will be supplied direct by the brands, each of whom will be responsible for refurbishment. The brands will also provide a certificate of authenticity and include a one-year manufacturer’s warranty.
Tirath Kamdar, TrueFacet’s chief executive officer, said the choice of which items are sold on the site is based on a “collaboration with the brand and TrueFacet. TrueFacet leverages buying behavioral data and sell-through data at a geographic level to help brands decide what to sell online. The brands also give TrueFacet products that they feel are good for the platform based on what they have in-stock, at retailers and any pre-owned products they have.”
Kamdar said the company’s platform caters to a consumer who’s around 35, with 28 percent under the age of 30. “We help brands reach the new generation via story-telling and offering a trusted platform to shop ‘certified pre-owned.’”
Thierry Collot, U.S. brand director for
Follow WWD on Twitter or become a fan on Facebook.