What: The eBay ‘Luxury Exchange’ in New York’s Diamon District sets out to be a location for shoppers to have their jewellery, watches and handbags appraised, with the possibility to exchange them for items of items from eBay’s top luxury sellers.

Why it is important: Visitors to eBay’s ‘Luxury Exchange’ can appraise items, exchange items for products from eBay’s top luxury sellers, or use the on-site photo studio to list their items on eBay.

The ‘Luxury Exchange’ comes on the heels of the expansion of eBay's 'Authenticity Guarantee' from jewellery to sneakers, watches, handbags, and trading cards. The store reflects eBay’s daily practices of authentication, appraisal, and second-hand/resale commerce.

The location will be open during Jewellery Week in New York, on 16 and 17 November.

eBay opens ‘Luxury Exchange’ store in New York