Fueled by Stellar Growth, TrueFacet Proves There is a Robust Online Shopper for Pre-Loved Watches and Jewelry

NEW YORK--()--TrueFacet, the leading online watch and jewelry marketplace, today announced that it is experiencing continued strong growth with,

  • 4x growth in total sales 2016 on 2015;
  • 34% growth in average order values 2016 on 2015;
  • 18% monthly growth in higher ticket purchases (>25K);
  • 41% unique buyer and 39% unique seller growth quarter over quarter.

“These consistently strong results prove there is a customer willing to buy authentic pre-loved branded watches and jewelry online in a climate of a changing retail landscape,” said Tirath Kamdar, chief executive officer of TrueFacet.

Over 28% of the audience on the site is under the age of 30. Important sales (>25K) in the last month have included:

  • Rolex Day Date 2, $25,000
  • Patek Philippe rand Complications Perpetual Calendar $143,000
  • Bvlgari Serpenti with diamonds, $73,000
  • Cartier Love Bangle with pavé diamonds, $43,000

Additionally, TrueFacet’s catalog of certified pre-owned designer jewelry and watches will be available through the American Express Membership Rewards® Shop site starting May 15, 2017.

“Our goal is to bring transparency to the pre-owned watch and jewelry marketplace and to provide expert service to shoppers,” said Kamdar. “Bringing our catalog of over 70,000 items to the American Express Membership Rewards community is an important step in reaching a new audience. We look forward to providing them with an exemplary shopping experience.”

Popular brands on TrueFacet include Cartier, Tiffany & Co., Bulgari, Rolex, and Breitling. Each item of jewelry and each watch purchased comes with a TrueFacet Valuation Report promising authenticity.

About TrueFacet

Based in New York, TrueFacet is the online destination for pre-loved designer jewelry and watches where individuals can shop and sell with confidence. Every item is best priced and subject to a rigorous authentication process. The company was founded by Tirath Kamdar and Chris Chan in December 2013, launched in May 2014. TrueFacet is a venture backed company; supported by top VC’s including Maveron, Freestyle, Trilogy, Social Leverage, and Founders’ Co-op, along with several Angel investors. To learn more, visit: www.TrueFacet.com

Facebook: https://www.facebook.com/TrueFacet/
Instagram: @TrueFacet
Twitter: @TrueFacet


For TrueFacet
Linda Buckley, +917.620.1894

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For TrueFacet
Linda Buckley, +917.620.1894