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TrueFacet, cruelty-free beauty, Alibaba and luxury watch scandal – News briefs

TrueFacet extends certification to pre-owned goods. Image credit: TrueFacet

 

TrueFacet, which sells pre-owned, authenticated watches and jewelry, is raising a $10 million round of funding

The secondary luxury goods market has been growing wildly in recent years, with more shoppers opting to both sell their lightly used luxury goods like clothing and jewelry for cold, hard cash, as well as buying the pre-owned, authenticated luxury goods of others.