Connect with us

Headlines

Walmart.com Sells Cartier Watches — and Cartier Is Not Amused

One piece is priced at $18,000.

mm

Published

on

High-dollar Cartier watches are showing up for sale at Walmart.com — and Cartier sounds none too pleased.

The Wall Street Journal reported that on Black Friday, an $18,000 Cartier watch was being offered at the site by a third-party seller.

As of Wednesday, several Cartier models were available through the site from vendors Jewelry Unlimited Inc. and Ohclock.

Fortune explains that Walmart “does not take possession of items sold in its marketplaces.” Rather, it supplies the e-commerce setup and charges a fee.

Fortune quoted a statement from Cartier: “Walmart is not a Cartier authorized retailer therefore Cartier has no knowledge or involvement in the selling or marketing of this watch nor can confirm the authenticity of the piece.”

Cartier is part of Switzerland-based Richemont.

Advertisement

Rapaport News quoted Cartier saying that it “has continually monitored the unauthorized marketplace and discovered that unauthorized dealers try to cover up the fact that they sell products that are often used, sometimes faulty, occasionally counterfeit, and never warrantied by Cartier.”

Read more at Fortune | Read more at Rapaport

 

Advertisement

SPONSORED VIDEO

Thinking of Retirement? This Jeweler Went for the Company That Shares His Values

Richard Frank of Goldstein’s Jewelry in Mobile, Ala., had worked in his family’s store since he was 13-years old. As its owner, he was proud to be at the helm of Mobile’s oldest jewelry store, an AGS, IJO and RJO member business. But there comes a time in every jeweler’s life when a decision must be made regarding the future. And for Frank, that meant turning the store over to new owners. He chose Wilkerson to handle the sale, a decision, he says, made a long time ago. “Their reputation is such that all the things we value are what they value,” he says. And the results surpassed Frank’s own expectations. Would he recommend Wilkerson for other jewelers who are considering a going-out-of-business or retirement sale? “If you’re contemplating a sale to maximize the return on your business, there is no one else in the industry that I could even think of recommending.”

Promoted Headlines

Most Popular