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This sounds like it may be a better opportunity than most for the OP. S/he says two local jewelers do not want to deal with online sales, so it may be that they, with their expertise, will handle all the buying, and s/he only presents their watches and sells their inventory online.
If s/he is not buying watches, but only receiving a percentage of the sales s/he makes online from the jewelers’ existing and future stock, then it may be that all s/he stands to lose is time. Presumably the OP would also be allowed to buy and sell on their own account, which has all the risks mentioned. There would have to be an arrangement with the jewelers regarding guarantees and returns/refunds, but it seems to me this may have some potential.
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