Bidz.com moves into fixed-price retailing

Bidz.com, a top online auction site for jewelry, has a new option for online jewelry consumers who just aren't into auctions. Through its newly launched sister site, Buyz.com, consumers will be able to purchase high-quality gold, silver and brand-name jewelry and watches at fixed prices, the company said in a press release issued on Friday.

In addition, Buyz.com will soon offer customers the opportunity to design their own jewelry, including diamond earrings and rings.

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