JA Membership Benefit Launches to Help Sell Aged Inventory, Increase Cash Flow

(IDEX Online News) – Jewelers of America (JA) has launched a new membership benefit – JeweleryStockBalancing.com – designed to help a network of approved retailers buy and sell aged inventory.

JewelryStockBalancing is an exchange platform for retailers and consumers with three integrated branches; a buying platform, a selling platform and a searching platform to enable inquiries and notifications about a particular item. They buying and selling retail jewelers can anonymously buy and sell dated jewelry among other subscribing retailers for a period of seven days. After that point, the jewelry will still be available to retailers, but also to consumers at a different price point.

“In a recent survey of Jewelers of America members, we learned that 44 percent of respondents had more than $100,000 in aged inventory,” said JA president and CEO David J. Bonaparte. “The JewelryStockBalancing.com platform offers jewelers a solution to sell the aging inventory, eliminating carrying costs and increasing cash flow.”