What You Need To Know About Investing In Jewellery
If you have extensive
knowledge about all types of jewellery, then investing in jewellery may seem
easy to you, but most of us are not that clued up about it and if you are not
careful it is easy to squander your investment. If you are looking to invest
and are considering jewellery as a potential vehicle for this, here is some
advice that you will need to bear in mind before parting with any of your
hard-earned cash.
Choose Jewellery That Retains Its Value
One thing that you need
to ensure is that any jewellery that you purchase is going to retain its value,
and one way to do this is to choose jewellery that never goes out of fashion
and uses the best materials. The Diamond Jewellery Studio has a
collection of pink diamond pieces that will most likely increase in
value once the diamond mine closes towards the end of 2020, so many consider
this to be an excellent investment option to consider. You will want to try and
steer clear of quirky jewellery, or styles of jewellery that are not in fashion.
Designs by well-known designers usually also retain their value more than other
types of jewellery designs.
Carry Out Research Before You Invest
You will want to
research the most popular types of jewellery that are good for investments, as well
as the materials that people prefer, such as rose gold, platinum, white or pink
diamonds. The purity of the metal used will have a bearing on the value of the
jewellery, as will the quality of the gemstones such as diamonds. If you are
looking to invest, then you should choose gems of the highest quality, which
will also cost you more. You will also need to decide whether you are going to
invest in vintage or antique jewellery or choose something more contemporary.
Seek Independent Valuations
You should take the
word of any seller at face value, but not rely on what they say. Instead, you
should ask their permission to seek an independent valuation of the jewellery
before you purchase it. The valuation will consider the precious materials used
in the item, as well as the quality of any gemstones, and you will be given a
realistic value of an item before you pay for it. If you are making a
significant investment in jewellery, then it is worth the cost of paying for
this service.
Make Sure You Shop Around
Investing in jewellery
can be tricky, and you need all the tips you can get on how
to buy fine jewellery. You should not expect to go into a regular high street
jewellery store, purchase an item, and then expect that it will hold its value.
Jewellery in high street stores often has a massive mark-up on it, and the
price does not reflect the real value of the item.
Whether you are looking
to commission a brand-new piece of jewellery or at antique jewellery, to get
yourself the best deal possible, you must shop around. Remember that only
exceptional items of jewellery when sold second hand are worth more than the
scrap value of the materials that it is made with, so always pay attention to
the overall value of the elements in the jewellery, and always try to spend as
close to cost price as possible.
