Industry News, May 2017

 eBay Debuts New eBay Authenticate Program

eBay has announced a new program to help curb the sale of counterfeit items on its sales platform. The eBay Authenticate program will allow sellers and buyers to request the services of a professional authenticator to inspect the item to verify its authenticity. The seller can list the item with the option included in the purchase price to help promote confidence in the product and drive more sales. Buyers can request the service at the time of purchase and pay the fees themselves. If the service is used, the seller will ship the item to the designated authenticator who will inspect the item and either ship the item onto the buyer, or, if the item proves to be counterfeit, will send it back to the seller. There has been no formal implementation date set, but it will be rolled out this year for “high-end fashion items” and will progressively include more items over the coming year. There has been no pricing structure announced for the service yet, but the company has disclosed that it will be inexpensive enough for sellers to use regularly. Watches make up a significant percentage of costly items that will benefit from a third-party review process. However, this inevitably ventures into gray territory and brings up questions regarding authenticity of individual parts or the items as a whole, especially when some counterfeit components can be buried deep inside the mechanism. eBay has not disclosed the criteria for becoming part of their network of professional authenticators, and the “Using authentication and grading services” help section of their website doesn’t currently have any recommended companies listed to help with watch authentication.

http://pages.ebay.com/authentication/

www.cnet.com/news/ebay-authenticate-is-that-hermes-rolex-real-fake-counterfeit/

New President of Vacheron Constantin Americas

The Richemont Group has appointed Leslie Kobrin as the new president of Vacheron Constantin Americas, the division overseeing the North American, Latin American, and Caribbean regions. The brand changed its North American regional structure slightly to include Latin America and the Caribbean areas. She replaces Vincent Brun, who was the president of the brand’s North American region. Kobrin comes to Vacheron Constantin from the Richemont brand Van Cleef & Arpels North America, where she worked as vice president of business development.

www.jckonline.com/editorial-article/vacheron-constantin-americas-appoints-new-president/

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Aaron Recksiek is an independent watchmaker in Salt Lake City, Utah. He is a graduate of the 2008 WOSTEP class at the Lititz Watch Technicum.