Products & Services

Whether you're looking to generate cash for slow moving inventory or excess stock or if you're looking for new buying venues to find better deals on jewelry items, Polygon Private Auctions are for you!

Polygon private auctions allow sellers to host their own exclusive VIP events and provide Buyers unique opportunities to take advantage of great deals on Gems & Jewelry related products. All transactions occur directly between the seller and the buyer. Dates are reserved to sellers on a first come first serve basis - no auctions will run concurrently.

HOW IT WORKS

1. SAVE THE AUCTION DATE
Seller reserves his auction date with Polygon and submits a list of VIP attendees. Polygon will send an invitation email to the invited bidders to 'save the date.' Polygon guarantees the seller exclusivity for the date reserved. This means only one auction event can occur on any one date maximizing attendance & visibility for your items.

2. SNEAK PEEK
Seller submits their list of items up for auction which is made available online for a previewing period prior to the auction opening. Bidders are notified by email to register and prepare their bids.

3. BID WITH CONFIDENCE
Once the auction is open for bidding, Bidders may submit a bid at any time prior to closing of the bidding. Bidders can bid on multiple items at a time through a file upload and enter maximum bids for items of interest. Polygon will automatically bid in pre-set increments for bidders until maximum bids are reached. All bidding activity is strictly anonymous which allows Buyers to bid in confidence. Assets up for auction have a description and include any additional conditions of sale provided by the Seller. Certain Assets may have a minimum bid price disclosed on the Site and/or a reserve price which is not disclosed on the Site.

4. WINNER TAKES ALL
After bidding closes on each Asset, Polygon will send the highest Bidder and Seller an email detailing the highest bid and contact information for each party to proceed with settlement. All transactions occur directly between the Buyer and the Seller. The Seller will contact the winning Bidder within (3) business days to complete the transaction. Payment and delivery shall take place no later than (7) business days after the Buyer is given a winning bid notice.

PRICING DETAILS

Buyer Auction Fees

• FREE TO PARTICIPATE
• NO ADDITIONAL FEES FOR BUYERS

Seller Auction Fees

• Sellers will be charged a final value fee based on the item's final sale price.

Example:
Final Sale Price	Final Value Fee
Item not sold	No fee
Item reserve price not met	No fee
Reserve price met or exceeded	3.0% of sale price

Polygon will require a non-refundable deposit of $500 to cover the set up & email send costs for your auction. Upon closing of the auction, a final value fee of 3% is calculated based on the total value of items sold. If the final value fee exceeds the $500 deposit, the seller owes the difference.

AUCTION FAQs

1. What are the Polygon Auctions? Why would I want to host one?

Polygon auctions are exclusive events where a seller auctions items to a list of invited bidders. Just like a traditional auction, bidders must be invited to attend; auctions are password protected. All bidding is anonymous-neither the seller nor other bidders know who has bid on an item. Only once the auction closes is the seller advised of the winners. Auctions are an effective and efficient way of quickly moving excess or slow moving inventory. Moreover, your business and your items will be directly promoted to your clients and/or the Polygon community, offering extensive and targeted visibility for your products.

2. Who can host an auction?

Sellers can be retail jewelers, manufacturers, wholesalers, or other sellers within the jewelry industry. Auctions are also a great venue for retirement/going out of business and estate sales.

3. Who is invited to auctions?

Sellers decide who they want to invite to their own private auction event, and are responsible for submitting a list of invitee names and emails to Polygon. Sellers can elect to invite Polygon members or their own list of buyers if they choose.

4. Can consumers attend auctions?

Auctions are segregated for B2B (business to business) or B2C (business to consumer). If a seller decided to invite Polygon members, he or she cannot invite consumers to the same event.

5. Where will auctions be hosted?

The auctions will be hosted on a separate website and bidders will require a username & password to access the auction they are invited to.

6. Where can I see if there are any upcoming auctions?

A list of upcoming auctions hosted by members will be published within the Events section under the Community tab. Invitations for upcoming auctions will be sent to the email address we have on file for you. Please make sure your email is up to date.

7. Is bidding anonymous?

Yes other bidders will not know if you bid on an item. Only the seller is informed of the bidders who won items.

8. What is the timeframe for bidding?

The timeframe for bidding is determined by the seller. Sellers reserve their auction dates in advance and advise how much time they would like to allow for the pre-viewing of items and for the live bidding.

9. How can I bid?

The bidding is done online directly through the website. You have two ways of bidding: 1-submiting a bid on a single item through a product details page or 2-submitting a bid or multiple bids at the same time by uploading an excel sheet.

10. What information will be provided on items for sale?

The seller can include a detailed description, quantity available, condition of item, up to 5 images (including certificate images), and a minimum bid, reserve or buy now price. Sellers can also categorize the items in their auction how they want. For example, one seller is only auctioning diamonds and decided to group them by shape � the categories in the case would be round, princess, marquise, oval, etc. Another seller may decide to auction finished jewelry pieces and categorize the items by type � ring, pendants, chains, earrings, etc.

11. What happens if there are 2 matching bids?

The system will record all bids on a first come first serve basis. If 2 bidders have the same maximum bid, the first bidder will be awarded the item provided he is not outbid before the end of the auction.

12. How does the deposit and final value fee work exactly?

To reserve your auction, Polygon will require a non-refundable deposit of $500.00 to cover the set up and email send costs for your auction. Upon closing the auction, a final fee of 3% is calculated based on the total value of items sold. If the final value fee exceeds the $500 deposit, the seller owes the difference.

Example:
Auction sales total $30,000
Final value fee is $900 (3% of $30,000)
Final amount due to Polygon at closing is $400 ($900-$500 deposit)

13. Is the bidder obligated to purchase an item won in an auction?

Yes. Bidders who register for auction must first accept the Terms and Conditions where a bid is defined as an offer to purchase the asset from the seller at the stated bid price. The bid is an irrevocable offer. In all auctions, buyers who receive a winning bid notice are legally bound to buy the asset at the quoted bid amount and the seller is legally bound to sell the asset.

14. What will happen in the event of a dispute?

All transactions occur directly between buyers and sellers. All sellers and buyers are entitled to enforce the provisions of the Auction Terms and Conditions and may pursue legal action against each other for non-performance of any provision, including non-performance of a purchase and sale after a completed bidding process. Though Polygon is a neutral party and is not directly involved in any transactions, the integrity and trust of the network is important to us. Polygon reserves the right to terminate access to Polygon auctions, limit activity and warn other members of actions, issue a warning or temporally suspend or terminate Polygon membership and refuse o provide any services. Once an auction closes, the seller is responsible of the final value fee to Polygon.

Whether you're looking to compete with online e-tailers, cut inventory costs, drive sales or offer your customers more, virtual inventory is for you!

Virtual inventory allows you to showcase inventory available on Polygon directly on your website! Offer your customers more inventory without increasing your costs.

HOW IT WORKS FOR RETAILERS

1. CHOOSE THE SUPPLIERS YOU WANT
2. CONTROL YOUR MARGINS WITH FLEXIBLE MARK-UPS
3. CUSTOMIZE COLORS AND STYLES TO FIT YOUR STORE'S WEBSITE & BRAND
4. DRIVE SALES FROM ONLINE SHOPPERS

You can showcase diamonds directly on your website! Speak with a Polygon customer service representative to get it set up.

Try our VIP today!.

HOW IT WORKS FOR SUPPLIERS

Becoming a Virtual inventory supplier is free! Just speak with a Polygon customer service representative.

Call Us: 1.800.221.4435 or 450-449-8715 (International).
Email Us: info@polygon.net
Private Message Polygon Support: DM-1234

VIRTUAL INVENTORY FAQs

1. What products can I have listed in virtual inventory?

You can choose products from participating suppliers or ask some of your existing suppliers if you can list their inventory as well.

2. Can I use your search interface / my own?

You can use your own search interface or Polygon’s (Polygon’s search interface currently only available for diamonds). If you use your own, we will send you a datafeed with all of the products you choose to display on your website.

3. Can I choose the suppliers from whom I want to list diamonds?

Yes you can choose the diamonds you want to feature from your own inventory or other Polygon suppliers. If there is a supplier you want to remove or add simply go to My Account, click on Inventory, next to Virtual Inventory Setting click Manage/Edit and go to step 2.

4. Is there a limit to how many products I can showcase?

No, you can showcase as many products as Polygon suppliers are willing to make available to you.

5. What if I want to only show high end products, or make other decisions in terms of the products I showcase?

You can customize the products you display. You can change these settings whenever you wish. Custom mark-up settings are also available, so you can display YOUR retail price directly to your site.

6. What if I want to add e-commerce (shopping cart to process orders online)?

We can send you a user guide to set up a Google or Pay Pal buy now button. You can also use other shopping carts; however we do not have any support material for these.

7. Can I see some examples if Virtual Inventory in Action?

Yes go visit some of these current subscribers, Cormier’s, Mayfair Jewelers, and Pittsburgh Diamonds,

8. Can Virtual Inventory be customized?

Yes. Many of our Virtual Inventory subscribers choose to modify the template (IFrame) to match the look and feel of their website. If you are using the datafeed, then you can create your own search interface as you wish

Whether you are exhibiting or not, make sure you stay top of mind during the industry's premier events!

Differentiating yourself and getting your name out in front are key elements to ensuring your success at tradeshow events. You can no longer depend on walk-by-traffic alone to get the most out of a tradeshow; it's important to stand out. The more a retailer sees your company name, the better chance you have of hearing back from them.

Every year, Polygon works with a handful of tradeshow events � including JCK, SMART Show and JA New York � to offer opportunities for on-site visibility to our members. Showcase your goods at the Polygon booth, or opt for a full turnkey booth within one of our pavilions. For more information, or to reserve your space, contact Polygon.

Phone: 1-800-221-4435

Email: info@polygon.net

DM: 1234

Whether you're looking to get qualified leads and increase traffic to your website or establish brand awareness and stay top of mind for your customers, Polygon offers advertising opportunities that can help you achieve just that and more!

Advertising with Polygon is a cost effective and efficient way to assure your business will be top of mind. Increase your visibility to your target market. Benefit from preferred placement for your inventory. Maximize the value you can get out of Polygon. Don't miss out on an opportunity to increase sales through your affiliation with a trusted name in the industry!

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Do you know of fellow peers who would benefit from using Polygon? Are you part of an association that you know would be interested in using Polygon? Help us grow our community with trusted members and earn rewards.

Get an industry friend to try Polygon for one year, we'll give you $100 to spend on any of our value added services OR an additional month free tacked on to your membership. Your membership can end up paying for itself!

BriteCo's mission: Reimagine the brick-and-mortar jewelry experience using digital technology

BriteCo was borne out of the frustrations that most independent jewelry store owners face when it comes to doing appraisals and dealing with insurance companies for replacement claims. How much precious time do you spend doing appraisals? Dealing with insurance company runarounds and replacement claim hassles? BriteCo offers a faster, easier and safer way for jewelers to produce appraisals, often in-store at the time of purchase. Based on your appraisals, customers can then get immediate insurance coverage in a matter of minutes on their cell phones.Expert appraisals. Immediate coverage. Ultimate convenience.

How it works

BriteCo saves jewelers valuable time and effort by offering a free, web-based appraisal tool that's simple to use. Once logged into the system, you follow the self-guided prompts to enter information about the jewelry being appraised, including metal type, stone type, cut, carat weight, setting, melee, and more. BriteCo's proprietary appraisal algorithm analyzes the jewelry entered using hundreds of thousands of data points, and provides accurate, detailed appraisal information in a matter of seconds. What's more, BriteCo jeweler partners have total control over the appraisal value.

How BriteCo's personal jewelry insurance coverage stacks up.

BriteCo offers your customers unmatched personal jewelry replacement coverage backed by an A+ rated global insurance carrier.

Here's what our jeweler partners are saying.

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