(Re)commerce = digital marketplace where you are able to buy second-hand or vintage jewelry at affordable prices.
The digital revolution has created electronic space for us where we can communicate, socialize, shop, buy, sell and trade over the internet. While the coronavirus has created a terrible challenge for traditional business, it is creating unprecedented opportunities for everything digital including marketplaces and trading. The coronavirus is hyperactively forcing society into the digital world. The future is happening now! To this matter, (re)commerce platforms are rising every day.
While staying at home for the first 7 days of quarantine in Paris, the ExJewel team tested 5 online (re)commerce platforms for you and this is what we thought about them. Our calculation is based on 20K jewelry in each marketplace according to this rating (we do not own or sell any jewelry on these respective platforms):
- ZERO 0%
- VERY LOW 0-25%
- LOW 25-50%
- MODERATE 50%
- HIGH 50-75%
- VERY HIGH +75%
FYI, we know we compared a few different models of marketplaces (direct buy, auction) together which may seem unfair but we made sure to take the biggest platform impacting the world of digital jewelry altogether to deliver the best study possible.
|1stdibs||Catawiki||Vestiaire Collective||Rapaport Jewelry||Drouot|
|Location coverage (local/worldwide ratio %)||VERY HIGH||VERY HIGH||VERY HIGH||LOW as it is only available in the US||VERY LOW|
|Services ratio %||VERY HIGH with international payments, free delivery and return as well as consultant contract||LOW with high shipping costs||MODERATE with limited customer service and return options||LOW with US-only shipping limitations||VERY LOW with shipping costs and no international payments|
|Gemstone & Diamond ratio %||ZERO||HIGH||ZERO||ZERO||MODERATE|
|Branded / Unbranded ratio %||HIGH||MODERATE||HIGH||LOW||MODERATE|
|High jewelry / low quality ratio %||VERY HIGH||MODERATE||MODERATE||VERY HIGH||MODERATE|
|Vintage/ New ratio %||MODERATE||MODERATE||MODERATE||VERY HIGH||HIGH|
|Privacy (direct/registered users)||VERY LOW||VERY LOW||MODERATE||VERY HIGH||HIGH|
|Estimation accuracy %||VERY HIGH||MODERATE||MODERATE||HIGH||VERY LOW|
|Information on products %||MODERATE||MODERATE||LOW||HIGH||VERY LOW|
|Picture quality %||VERY HIGH||MODERATE||LOW||HIGH||MODERATE|
So now, the moment of truth. You can clearly say that 1stdibs is far the best platform to trade your vintage or new jewelry on. It has accurate pricing, many delivery options and the most valuable information on every jewel available for you.