A jewelry store in China that is selling diamonds from its own brand for $1 million, and that sells for a lot less, is being compared to Amazon.com.
A $100,000 diamond ring from a British jeweller, sold for $100k at the Kohls website in China, while the same ring from an Indian jeweller sold for a whopping $1.2 million at an auction house in London.
“I’ve been here for a year, I’ve had a few clients, and they’ve never been disappointed,” said Kajsa Jethwa, founder of Kohls, which operates out of China’s Shanghai city.
Jethwa said she has been selling jewellery since the company was founded in 2007.
“I’m not just selling jews, I’m also selling jewelry from different countries and I have a global brand,” she told Reuters.
She has a website called kohlsjewelery, where she sells all kinds of jewellery and jewellery accessories, including rings, bracelets, earrings, necklaces, and bracelets for women and men.
According to the website, the average price for a diamond ring is $1,500, but there are plenty of different sizes and shapes.
Kohls has had a rough year since it went public last month, with the firm’s shares down more than 30 percent since January.
Its shares are down more the last five days of trading than any other listed firm.
Investors have been concerned about a possible stock sell-off due to the uncertainty over Kohls’ stock market share.
The stock has lost over 50 percent in value since Kohls announced it was laying off employees.
In a statement, Kohls said its stock price would fall, but it said it would not have a negative effect on business.
Since it went private, the company has faced criticism from investors, including from hedge funds that have put money into the business.
The company’s shares were down 0.4 percent on Tuesday.
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