No. MLM refers to the behavior that organizers and developers illegally acquire wealth through developers or require the developed personnel to obtain the qualification to join on the condition of paying a certain fee. Another beautiful luxury jewelry, owned by Zhejiang Yipai Import & Export Co., Ltd., was established on February 26, 2009 and registered in Yiwu Market Supervision Administration. It is legally engaged in jewelry wholesale and electronic product sales. Its business model is online and offline sales, and it is a formal enterprise. Therefore, no matter how beautiful luxury jewelry is, it is not MLM.