Cartier has said that some diamond watches being sold on Walmart.com this past Black Friday — for as much as $18,000 — may not be authentic. Fortune reported that the upscale jeweler said that it could not vouch for the authenticity of the watches, sold by third-party Jewelry Unlimited.
As the publication noted, the retailing giant does not take possession of the third-party vended items and instead offers up its eCommerce platform to those sellers (charging a fee in the process). Cartier, for its part, issued a statement, saying: “Walmart is not a Cartier authorized retailer; therefore, Cartier has no knowledge or involvement in the selling or marketing of this watch nor can confirm the authenticity of the piece.”
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
Fortune stated that a high-end luxury merchant such as Cartier might view sales across Walmart as detrimental to its high-end cachet. The jeweler does have a presence on Amazon, said the financial publication. Walmart, for its part, has been in the midst of expanding its product offerings to reach towards a bit more upscale product line, with one notable brand coming through — Michael Kors.
Add as Preferred Source
