Exclusive discounts on JewelryStockBalancing.com
(NEW YORK) – Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has introduced JewelryStockBalancing.com as the newest membership benefit. Jewelers of America Members receive an exclusive discount on this new online platform designed to help a network of approved retailers buy and sell aged inventory.
“In a recent survey of Jewelers of America members, we learned that 44% of respondents had more than $100,000 in aged inventory,” says JA President & CEO David J. Bonaparte. “The JewelryStockBalancing.com platform offers jewelers a solution to sell the aging inventory, eliminating carrying costs and increasing cash flow.”
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 anonymously to buy and sell dated inventory amongst other subscribing retailers for seven days. Thus, supplementing their inventory, creating cash flow, and saving dollars associated with carrying costs. 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.
To learn more about JewelryStockBalancing.com, visit http://www.jewelers.org/ja/members/retailer-benefits.
Jewelers of America is the national trade association for businesses serving the fine jewelry marketplace. Jewelers of America’s primary purpose is to improve consumer confidence in the jewelry industry. Visit www.jewelers.org for more information.
