Connect with us

Headlines

New Owners of Ice.com Plan to Make It Biggest Jewelry Store on the Internet

mm

Published

on

The owners want to bring pricing transparency to the industry.

Maybe you remember Ice.com. It used to be an online jewelry store, but it went by the wayside during the recession. Now, Tech Crunch writes, the domain name is owned by two men who purchased it for $3 million in 2014 to set up their own jewelry marketplace with a fair-pricing business model.

According to the article, Ice.com negotiates with vendors on pricing and requires that items be sold at an undisclosed percent off from competitive market pricing. The website targets the middle of the market and currently offers more than 100,000 SKUs, though the owners – both of whom have impressive track records in e-commerce – plan to ramp up that number to as high as 500,000 by the end of the year, which would make Ice.com the biggest online jewelry marketplace. They also recently raised $2 million from a gaggle of venture capitalists that should help them move closer to that distinction.

Read more at Tech Crunch

Advertisement

Advertisement

SPONSORED VIDEO

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

Promoted Headlines

Most Popular