Discounts available to Jewelers of America members.
Jewelers of America has introduced JewelryStockBalancing.com, a new online platform designed to help a network of approved retailers buy and sell aged inventory.
JewelryStockBalancing is a patented exchange process for retailers and consumers built on three integrated internet platforms, including: a buying platform, a selling platform and a searching platform to enable inquiries and notifications about a particular item. The buying and selling platforms allow retail jewelers to anonymously buy and sell their dated inventory among other subscribing retailers for seven days. After seven days, the same product is still available to the retailers and also becomes available for sale directly to the consumer at a different price point.
“In a recent survey of Jewelers of America members, we learned that 44 percent of respondents had more than $100,000 in aged inventory,” says JA President and CEO David J. Bonaparte. “The JewelryStockBalancing.com platform offers jewelers a solution to sell the aging inventory, eliminating carrying costs and increasing cash flow.”
Jewelers of America is offering a discount on JewelryStockBalancing to its members. To learn more about JewelryStockBalancing.com, visit www.jewelers.org.