Jewelry Investment Guide
When investing in jewelry, focus on the joy the piece can give you rather than its potential for earning profit when you decide to sell it. Most people purchase jewelry for a reason – mark a milestone, accessorize an outfit, express their personality, and so on. No matter your own reasons, here are tips that can help you while shopping around:
One of the most important considerations when determining the value of an item is the material or materials used to make it. For instance, in terms of diamonds, stones more than one carat will often have a larger value compared to diamonds lower than a carat total weight. Of course, the four Cs – carat, clarity, cut and color – are key. When it comes to the cut of the stone, it’s better to steer clear of newer, trendier forms and go for standard cuts instead, such as round and brilliant. As you shop, remember too that clarity and color are more important than carat or size in some cases. In other words, it’s better to get a smaller, higher quality stone than a bigger but flawed stone.
Though diamonds or other precious stones are typically your first concern when buying jewelry, the metals used in the design are also important. Picture this: even if platinum trades less than gold ounce-for-ounce, platinum jewelry may still have a higher retail price because it is more difficult to work with compared to gold. Notwithstanding platinum’s higher value in retail, it will not maintain such value on the secondary market. Prior to buying jewelry, look out for indications of the metal’s composition. In gold, 14 to 18-karat holds value better compared to 10-karat pieces.
Aside from the metal’s composition, the jeweler’s workmanship is important, especially if the piece has an intricate design.
Brand is yet another factor that may play a significant part in your decision to purchase certain jewelry. Usually, more popular costume jewelry or designer brands are more expensive, regardless of whether they are made of precious or metals, or not.
The good news is, there are lots of jewelry shops you can find these days, on the Internet or down the street. If anything, it only means you have abundant options, and there is no reason not to find a piece that is most satisfying to you. This also means you shouldn’t feel limited to one particular jeweler or shop. Make comparisons because it’s the only accurate way of saying that one option is the best for you.