Recently, the value of luxury watches in Asia has skyrocketed and has outperformed stocks and crypto gains. For example, Rolex Submariner, the iconic watch that is well-known among watch enthusiasts, experienced a price increase of more than 50% above its official retail price in 2020 and 2021. This increase in demand is driven due to the availability of online literature about horology and also from investors looking to purchase watches as an investment asset with clear utility.

"We are thrilled to introduce Flecto as the premier luxury watch online marketplace in Indonesia," said Gary Lilardi, CEO and Co-Founder of Flecto. "Our goal is to provide discerning buyers with a curated selection of premium timepieces, supported by transparency, authenticity, and a seamless shopping experience. We believe that Flecto will redefine the way luxury timepieces are bought and sold in Indonesia."

One of the key differentiators of Flecto is its dedication to providing authentic luxury timepieces. Recognizing the importance of trust and confidence when purchasing pre-owned luxury watches, Flecto offers authentication services by its in-house team of Flecto Watch Specialists. This authentication process guarantees that each watch is genuine, relieving buyers of any concerns about authenticity.

The company offers secure escrow payment, insured shipping, and a transparent return policy. By prioritizing transparency, trust, and authenticity, Flecto establishes itself as a trusted partner for luxury watch enthusiasts across Indonesia.

Flecto's online marketplace boasts a range of curated selection of luxury watches from verified merchants. Authorized merchants and collectors can now showcase their inventory online and expand their reach to a wide group of luxury watch buyers and enthusiasts. Flecto is committed to creating a dynamic marketplace that fosters collaboration and supports the growth of the luxury watch industry in Indonesia for both buyers and sellers.

Furthermore, to ensure the availability of brand new watches from trusted sources, Flecto has established partnerships with official brand authorized dealers. This strategic collaboration enables Flecto to offer a wide selection of brand new luxury watches, straight from authorized channels. By combining pre-owned and brand new watches, Flecto offers customers a comprehensive range of choices, catering to every preference and budget.

“When merchants join Flecto, they will have access to a unique set of features that is available only to Flecto merchants”. Remarked Nikolas Tjhin, COO and Co-Founder of Flecto. “Merchants are able to reach a wider audience, manage their watch inventory, and get access to financial service products such as working-capital loans”.

The value of luxury watches in circulation in Indonesia is estimated to be US$6-10B, which represents a large opportunity for Flecto to provide commerce and lending services on luxury watches as a commodity.

Flecto is slated to become the go-to destination for luxury watch enthusiasts in Indonesia, setting new industry standards for selection, transparency, and customer satisfaction. To date, the company has booked GMV of more than US$500,000, and watch inventory value of over US$8M from 30+ merchants on its platform. Visit the Flecto.id website today to explore the unrivaled collection of luxury watches and experience the future of luxury watch shopping

<h1>Indonesia's $6B Luxury Watch Market: Flecto.id Redefines Buying and Selling of These Coveted Collectibles</h1>The luxury watch market in Indonesia is massive, with more than US$6-10B worth of watches in circulation in the country and more than US$600M worth of watches exchanged every year. Flecto, the leading Indonesian luxury watch online marketplace, is revolutionizing the way discerning buyers access premium watches. With an extensive collection of over 1,800 watches, Flecto proudly boasts the largest selection of luxury watches available for sale in Indonesia. By addressing the growing demand for transparency and authenticity in the pre-owned luxury watch market, Flecto provides a trusted platform for buyers to indulge in their passion with confidence.
Recently, the value of luxury watches in Asia has skyrocketed and has outperformed stocks and crypto gains. For example, Rolex Submariner, the iconic watch that is well-known among watch enthusiasts, experienced a price increase of more than 50% above its official retail price in 2020 and 2021. This increase in demand is driven due to the availability of online literature about horology and also from investors looking to purchase watches as an investment asset with clear utility.<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/b3758c1efb150a201229cbc409f011fb4b53c41f29170797dbf64a5998071a69/Watches-3.JPG" alt="Image"/>"We are thrilled to introduce Flecto as the premier luxury watch online marketplace in Indonesia," said Gary Lilardi, CEO and Co-Founder of Flecto. "Our goal is to provide discerning buyers with a curated selection of premium timepieces, supported by transparency, authenticity, and a seamless shopping experience. We believe that Flecto will redefine the way luxury timepieces are bought and sold in Indonesia."One of the key differentiators of Flecto is its dedication to providing authentic luxury timepieces. Recognizing the importance of trust and confidence when purchasing pre-owned luxury watches, Flecto offers authentication services by its in-house team of Flecto Watch Specialists. This authentication process guarantees that each watch is genuine, relieving buyers of any concerns about authenticity.The company offers secure escrow payment, insured shipping, and a transparent return policy. By prioritizing transparency, trust, and authenticity, Flecto establishes itself as a trusted partner for luxury watch enthusiasts across Indonesia.Flecto's online marketplace boasts a range of curated selection of luxury watches from verified merchants. Authorized merchants and collectors can now showcase their inventory online and expand their reach to a wide group of luxury watch buyers and enthusiasts. Flecto is committed to creating a dynamic marketplace that fosters collaboration and supports the growth of the luxury watch industry in Indonesia for both buyers and sellers.<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/2fed097902f1edc8d8d11a6eba2c7ca55f0fa8c91d2538a3cea34c9b98bcb518/Website%20Flecto-2.jpeg" alt="Image"/>Furthermore, to ensure the availability of brand new watches from trusted sources, Flecto has established partnerships with official brand authorized dealers. This strategic collaboration enables Flecto to offer a wide selection of brand new luxury watches, straight from authorized channels. By combining pre-owned and brand new watches, Flecto offers customers a comprehensive range of choices, catering to every preference and budget.“When merchants join Flecto, they will have access to a unique set of features that is available only to Flecto merchants”. Remarked Nikolas Tjhin, COO and Co-Founder of Flecto. “Merchants are able to reach a wider audience, manage their watch inventory, and get access to financial service products such as working-capital loans”.The value of luxury watches in circulation in Indonesia is estimated to be US$6-10B, which represents a large opportunity for Flecto to provide commerce and lending services on luxury watches as a commodity.Flecto is slated to become the go-to destination for luxury watch enthusiasts in Indonesia, setting new industry standards for selection, transparency, and customer satisfaction. To date, the company has booked GMV of more than US$500,000, and watch inventory value of over US$8M from 30+ merchants on its platform. Visit the Flecto.id website today to explore the unrivaled collection of luxury watches and experience the future of luxury watch shoppingFlecto is Indonesia's leading luxury watch online marketplace, dedicated to connecting discerning buyers with a curated collection of premium timepieces. With a commitment to transparency, authenticity, and exceptional customer experience, Flecto offers the largest selection of luxury watches available for sale in Indonesia.
Nikolas Tjhin
COO & Co-Founder
Nik@flecto.id

Jewelry / Accessories

Men's Fashion

E-commerce

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Startups

The luxury watch market in Indonesia is massive, with more than US$6-10B worth of watches in circulation in the country and more than US$600M worth of watches exchanged every year. Flecto, the leading Indonesian luxury watch online marketplace, is revolutionizing the way discerning buyers access premium watches. With an extensive collection of over 1,800 watches, Flecto proudly boasts the largest selection of luxury watches available for sale in Indonesia. By addressing the growing demand for transparency and authenticity in the pre-owned luxury watch market, Flecto provides a trusted platform for buyers to indulge in their passion with confidence.


Indonesia's $6B Luxury Watch Market: Flecto.id Redefines Buying and Selling of These Coveted Collectibles

“I am delighted that MADLY is joining the East Ventures family, a company that fully aligns with our belief in investing in&nbsp;people&nbsp;.&nbsp;Their commitment to the humanist element of the business positions East Ventures as the ideal partner to take us to the next phase of growth.&nbsp;With their support, we are set to expand our reach globally and build an&nbsp;internationally recognized&nbsp;bespoke&nbsp;jewelry&nbsp;brand&nbsp;,” said Maddy Barber, Founder of MADLY.

MADLY was founded in 2014 with a mission to “break” the diamond jewelry sector in Singapore through the extraordinary display of the finest 0.1% colored gemstones or often referred to as the “big three”, namely Sapphire, Ruby and Emerald, to a new wave from rare gemstones such as Paraiba Tourmaline, Cobalt Spinel, and Tsavorite Garnet.&nbsp;MADLY offers not only unparalleled gemstone quality and value and stunning designs that blend modern aesthetics with traditional craftsmanship, but also the unique story behind each piece of jewelry.&nbsp;

The luxury jewelry sector is experiencing increased demand for&nbsp;bespoke&nbsp;– personalized jewelery – as well as colored gemstones.&nbsp;MADLY excels at identifying and responding to these trends.&nbsp;<a href="https://madlygems.com/" target="_blank">MADLY</a>&nbsp;offers a&nbsp;seamless&nbsp;and immersive experience as it engages clients every step of the way.&nbsp;MADLY creates unique and carefully designed handmade jewelry through a meticulous process that can provide unparalleled value to its customers.

“We are pleased to welcome MADLY to the East Ventures family.&nbsp;We are amazed by MADLY's ability to transform the bespoke&nbsp;jewelry industry&nbsp;, especially with its innovative approach to design, manufacturing and customer experience, thereby differentiating it from other traditional jewelry shops.&nbsp;We are delighted to be part of their journey and believe that investing in MADLY is an investment in the future of&nbsp;bespoke&nbsp;jewelry ,” said&nbsp;<a href="https://east.vc/id/team/willson-cuaca/" target="_blank">Willson Cuaca</a>&nbsp;, Co-Founder and Managing Partner of East Ventures.

<h1>Bespoke jewelry house DTC, MADLY has secured new funding from East Ventures</h1>MADLY , a leading bespoke jewelry design house in Singapore, announced the investment it received from East Ventures, a venture capital company that is a startup investment pioneer in Indonesia that has supported more than 300 technology companies in Southeast Asia. This funding comes as proof of East Ventures' trust in MADLY. With funding support and best operating practice guidance from East Ventures, the nine year old jewelry brand is poised to accelerate its international expansion. This strategic partnership empowers MADLY's mission to become a leading international bespoke jewelery brand“I am delighted that MADLY is joining the East Ventures family, a company that fully aligns with our belief in investing in&nbsp;people&nbsp;.&nbsp;Their commitment to the humanist element of the business positions East Ventures as the ideal partner to take us to the next phase of growth.&nbsp;With their support, we are set to expand our reach globally and build an&nbsp;internationally recognized&nbsp;bespoke&nbsp;jewelry&nbsp;brand&nbsp;,” said Maddy Barber, Founder of MADLY.MADLY was founded in 2014 with a mission to “break” the diamond jewelry sector in Singapore through the extraordinary display of the finest 0.1% colored gemstones or often referred to as the “big three”, namely Sapphire, Ruby and Emerald, to a new wave from rare gemstones such as Paraiba Tourmaline, Cobalt Spinel, and Tsavorite Garnet.&nbsp;MADLY offers not only unparalleled gemstone quality and value and stunning designs that blend modern aesthetics with traditional craftsmanship, but also the unique story behind each piece of jewelry.&nbsp;The luxury jewelry sector is experiencing increased demand for&nbsp;bespoke&nbsp;– personalized jewelery – as well as colored gemstones.&nbsp;MADLY excels at identifying and responding to these trends.&nbsp;<a href="https://madlygems.com/" target="_blank">MADLY</a>&nbsp;offers a&nbsp;seamless&nbsp;and immersive experience as it engages clients every step of the way.&nbsp;MADLY creates unique and carefully designed handmade jewelry through a meticulous process that can provide unparalleled value to its customers.“We are pleased to welcome MADLY to the East Ventures family.&nbsp;We are amazed by MADLY's ability to transform the bespoke&nbsp;jewelry industry&nbsp;, especially with its innovative approach to design, manufacturing and customer experience, thereby differentiating it from other traditional jewelry shops.&nbsp;We are delighted to be part of their journey and believe that investing in MADLY is an investment in the future of&nbsp;bespoke&nbsp;jewelry ,” said&nbsp;<a href="https://east.vc/id/team/willson-cuaca/" target="_blank">Willson Cuaca</a>&nbsp;, Co-Founder and Managing Partner of East Ventures.The MADLY experience breaks free from norms that people expect from fine jewellery. Bold colours and innovative shapes make up MADLY’s signature eclectic style, eliminating expectations of conformity and putting a new twist on timeless classics. If your jewellery was commissioned to mark a joyous occasion, such as an engagement, birth, promotion or anniversary, then the gems should be equally vivid to celebrate! MADLY’s goal will always be to create jewellery that accompanies you on all of life’s journeys— a sparkly companion for the brightest and darkest days.

MADLY only works with the top 0.1% of gemstones, cut for maximum brilliance by lapidary masters. Known for having the widest range of top quality coloured gems in Singapore, MADLY has taken multiple steps further in their commitment to bringing the crème de la crème to their clients, from investing in equipment and in their team of GIA graduates, to securing the finest gem specimens.

MADLY is the only jeweller in Singapore, and the first few in the world to become members of the International Coloured Stone Association’s Ethical Accreditation program, the first of its type in the coloured stone industry. So you can purchase your gems from MADLY with the comfort and knowledge that any treatments and enhancements of the gemstone are fully disclosed, gems are mined responsibly and traded sustainably, not sourced using child labor, and obtained legally. MADLY has also invested in a sourcing office right in the mining production region of Morogoro in Tanzania, East Africa. This makes the provenance, quality and traceability of MADLY’s gems unprecedented. Telephone: +65 6650 1544
Whatsapp: +65 9001 2963
Email: create@madlygems.com

Ladies' Fashion

MADLY , a leading bespoke jewelry design house in Singapore, announced the investment it received from East Ventures, a venture capital company that is a startup investment pioneer in Indonesia that has supported more than 300 technology companies in Southeast Asia. This funding comes as proof of East Ventures' trust in MADLY. With funding support and best operating practice guidance from East Ventures, the nine year old jewelry brand is poised to accelerate its international expansion. This strategic partnership empowers MADLY's mission to become a leading international bespoke jewelery brand

Bespoke jewelry house DTC, MADLY has secured new funding from East Ventures

SINGAPORE,&nbsp;May 4, 2023 -&nbsp;SHEIN, the global e-retailer of fashion, beauty and lifestyle products, today announced the launch of its global integrated marketplace. SHEIN Marketplace, which the company introduced in&nbsp;Brazil&nbsp;last month, will launch next in the U.S. before rolling out to other global markets. The platform will host local and international third-party sellers on the SHEIN site alongside SHEIN-branded apparel products, as the company expands to meet increasing demands for product variety.

SHEIN Marketplace will allow sellers to access SHEIN's real-time insights and learn from the company's on-demand production and demand measurement capabilities. Through use of this unique model for over a decade, SHEIN has been providing cost savings and competitive pricing for its customers.&nbsp;Sellers will further benefit from access to SHEIN's extensive customer base, a seamless process for product fulfillment, and SHEIN's global brand marketing and social channel exposure.

SHEIN Marketplace sellers will agree to and be bound by SHEIN's Marketplace Services Agreement and Policies, which include a Code of Conduct and policies and terms protecting the customer experience.

"SHEIN is committed to delivering the best shopping experience for customers and empowering the communities where we operate while doing so," said&nbsp;Sky Xu, Chief Executive Officer of SHEIN. "By bringing new sellers onto SHEIN Marketplace that are aligned with our vision of making the beauty of fashion&nbsp;accessible to all, we are creating increased value for our customers while enabling local businesses to grow with us."

<h1>SHEIN Launches Global Integrated Marketplace</h1>New platform will host local businesses and international third-party sellers in addition to SHEIN-branded apparel suppliersSINGAPORE,&nbsp;May 4, 2023 -&nbsp;SHEIN, the global e-retailer of fashion, beauty and lifestyle products, today announced the launch of its global integrated marketplace. SHEIN Marketplace, which the company introduced in&nbsp;Brazil&nbsp;last month, will launch next in the U.S. before rolling out to other global markets. The platform will host local and international third-party sellers on the SHEIN site alongside SHEIN-branded apparel products, as the company expands to meet increasing demands for product variety.SHEIN Marketplace will allow sellers to access SHEIN's real-time insights and learn from the company's on-demand production and demand measurement capabilities. Through use of this unique model for over a decade, SHEIN has been providing cost savings and competitive pricing for its customers.&nbsp;Sellers will further benefit from access to SHEIN's extensive customer base, a seamless process for product fulfillment, and SHEIN's global brand marketing and social channel exposure.SHEIN Marketplace sellers will agree to and be bound by SHEIN's Marketplace Services Agreement and Policies, which include a Code of Conduct and policies and terms protecting the customer experience."SHEIN is committed to delivering the best shopping experience for customers and empowering the communities where we operate while doing so," said&nbsp;Sky Xu, Chief Executive Officer of SHEIN. "By bringing new sellers onto SHEIN Marketplace that are aligned with our vision of making the beauty of fashion&nbsp;accessible to all, we are creating increased value for our customers while enabling local businesses to grow with us."Source: SHEINSHEIN is a global fashion and lifestyle e-retailer committed to making the beauty of fashion accessible to all. We use on-demand manufacturing technology to connect suppliers to our agile supply chain, reducing inventory waste and enabling us to deliver a variety of affordable products to customers around the world. From our global offices, we reach customers in more than 150 countries. To learn more about SHEIN, visit www.SHEINgroup.com.

Source: SHEIN

New platform will host local businesses and international third-party sellers in addition to SHEIN-branded apparel suppliers