Do you want to start making savvy jewelry investment decisions? But lack the confidence or don’t know where to start?
The world of jewelry investment can be intricate and difficult to navigate. So, use our 7 expert tips for investing in jewelry as a guide to make smart, informed decisions and maximize potential returns on your beautiful items of jewelry.
Understand The Market
Put effort into researching the jewelry investment market. Learn about the different types, materials, histories, and various grading systems of different gemstones and precious metals.
For example, the higher the carat number on a piece of gold jewelry, the higher the value and performance of the precious metal.
Gold and platinum are two precious metals that are rather stable in value. However, any precious metal is subject to price fluctuations. For example, gold price fluctuations depend on inflation rates, interest rates, geopolitical instability, production costs at mines, and supply and demand.
Find a Reputable Jeweller
Find an expert jeweler at a reputable store to ensure you’re making the right choice with your jewelry investment.
Research the company making the jewelry you’re interested in purchasing. Whether you’re buying engagement rings, bracelets, earrings, a necklace, etc., you can look at the manufacturer’s details to determine if the piece is low quality and mass-produced, or high-quality and unique.
Look out for the seriousness, transparency, and expertise of the jeweler.
Are they offering you hard evidence of the jewelry’s quality? Do they offer auxiliary services such as yearly upkeep or secure shipping if need be?
Online reviews and references are miracles in the modern age that show whether a jeweler has a good reputation.
Ask Questions
Request a house certificate that displays the criteria of the jewelry you’re buying, such as the fineness of the precious metal, gram specification, the color and purity of the diamonds, carat weight, and the treatment and origin of gemstones. This will be invaluable for security and potential resale.
Some crucial questions to ask:
- Where was the jewelry item made?
- Who created it?
- What is the color and clarity of the diamonds?
- Have the gemstones been treated and, if so, how?
- What is the country of origin of the various materials involved in creating the jewelry item?
- What were the local mining conditions?
- Was it sustainably and ethically sourced?
- What is the jewelry item’s historical and cultural significance?
These become factors that affect the value of your chosen jewelry item.
Invest in High-Quality
We recommend investing in a few pricey, timeless jewelry pieces that are high quality, rather than many cheap jewelry pieces at low quality.
Classic, simple, and elegant rings, chains, and earrings look gorgeous with any outfit. And they’ll certainly still find a buyer in a few years!
High-quality precious metals like gold and platinum won’t tarnish or break over time, and they’ll remain relatively stable in value. Low-quality metals are unlikely to last long and may cause allergic reactions in allergy-prone people.
The rule for gemstones is rare remains rare. The rarer the gemstone, the more attractive the investment. Fine gemstones (sapphires, rubies, emeralds) have, in fact, only increased in value over recent centuries.
Get a Second Opinion
One way to choose the best, most reputable jewelry is to seek a second opinion.
Explore a bit and compare goldsmiths and jewelers before deciding on your investment. Get a non-binding consultation with different jewelry professionals to compare similar jewelry.
Of course, when you’re investing in high-quality, unique jewelry and gemstones, this isn’t always simple. However, it will give you more confidence in your final decision.
Seek out another professional to appraise your jewelry items and determine their value. This is an important first step to the insurance process if you do plan on insuring your jewelry items.
Look after Your Loot
Secure your investment by insuring it. Once again, do your research and take your time to make this decision. You want an insurer who will protect you against theft and damage, based on all your custom requirements.
You’ll also need to protect your investment yourself. Store your beautiful jewelry items in a secure, temperature-controlled location. Additionally, consider getting them professionally cleaned and serviced regularly. Looking after your jewelry portfolio is crucial to maintaining its value over time.
Follow Your Instincts
Value and quality are naturally of utmost importance when investing in jewelry. But remember not to ignore the emotional side of jewelry purchases.
The pieces you buy should reflect your personality and individuality. Buy it because you like it!
Don’t buy something you’re hesitant about. If you’re not in love, set the piece aside and consider other options before jumping into something you’re not emotionally invested in. There’s plenty of stock and a variety of stunning jewelry. You don’t have to settle.
Find a work of art that aligns with your style and preferences.
