When it comes to the topic of investment, assets like real estate, bonds, and stocks usually come to mind.
But apart from these, keen investors also put their money into something more fashionable and dashing: jewelry.
To some, gold and diamonds are just nonessential items. But for a seasoned investor, jewelry has more to offer than just an aesthetic value.
While not all pieces of jewelry can retain their value, there are many that do e.g. poison ring. That said, if you are interested in jewelry investing, then the following tips will greatly help you:
Choose Top Designers
The price of a unique jewelry piece, such as a poison ring, is typically hefty, but such items offer a lifetime of value. Trendy jewelry offered by low-end brands may seem attractive now, but after a few months or years, their value and hype will die down. On the other hand, classic pieces from top designers will always be safe bets and the wiser choice. This is because they never go out of style and you can resell them at a great price even after decades.
Do Your Research
Jewelry investing requires thorough research. This is because, as mentioned above, not all types of jewelry can retain their value. For instance, gemstones have varying quality and value. Gold is one of the best pieces among precious metals to hold their value. Diamonds that are over one karat can remain highly valuable over time. Unique pieces like poison ring can also retain their value. So, it is highly recommended that you educate yourself about the different pieces of jewelry before you decide to invest.
Consider Antique Pieces
Antique jewelry pieces, e.g. poison ring, appreciate in value. They are often sold at auctions at hefty prices mainly because collectors would love to get their hands on such rare items. Therefore, when it comes to jewelry investing, choosing antiques is a wise decision. When buying antique jewelry, it is recommended that you pay attention to the brand. If it is a big-name brand from a certain period, such as Art Deco in 1920s-30s, then you are guaranteed to get a truly coveted and rare item.
Look for a Trustworthy Jeweler
Always look for a trustworthy seller and be wary of bargains that are too good to be true. Replica or fake items can look convincingly real, that’s why it’s a good idea to shop with an expert. Don’t forget to ask sellers to present their certifications. If they have got nothing to prove their legitimacy, walk away.
Find the Right Buyer
Look for reputable buy-and-sell companies that exhibit favorable policies, excellent customer service, and professional behavior. Verify if they carry designer brands just to be sure that they are knowledgeable about your precious jewelry. Also, check if they have the right tools to inspect jewelry. This way, you would know for certain that they are appraising your piece of jewelry right.
These are some of the tips that you should carry with you as you explore the world of jewelry investing. If you need more assistance, don’t hesitate to consult experienced investors. You can also obtain expert advice from a trustworthy jeweler.