Rebag Dives Into Fine Jewelry and Watches

It's been six years since the launch of Rebag, a digital, luxury handbag-resale platform It's extended the second lives of high-end handbags and small accessories As of today, the company will further dig its heels into the luxury sector by adding fine jewelry and watches to its business.

"Our ambition is to offer customers a relevant platform to execute resale services on a large scale," says CEO of Rebag, Charles Gorra "Our entry into watches and jewelry was the logical next step While these categories have their own specificities, they also share many characteristics with luxury handbags" From the outside, Gorra's decision may seem curious, with a troubled economy and predictions of a double-digit contraction in global personal-luxury sales for this year from both Bain & Company and McKinsey & Company.

That, along with the sheer fact that the resale business can also offer a discount that comes buying a pre-owned anything. . Source