Tips for Investing in Jewelry
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. People often buy jewelry for a reason, such as expressing their personal style, accessorizing an outfit or symbolizing an important life event. Whatever your own reasons are, here are handy tips to remember as you shop 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. As to the cut of the gem, go basic, like round and brilliant, instead of new and trendy. Remember as well that when shopping for a diamond, color and clarity can be of superior importance to size or carat. Thus, a smaller diamond may be worth getting if it is also higher in quality than a bigger one.
While or other precious gems are often what think about first and foremost when shopping for jewelry, the metals that were used to make the pieces are equally important. To illustrate, even if platinum trades lower than gold ounce-for-ounce sometimes, platinum jewelry may still be more expensive than gold in retail simply because platinum is usually harder to work with than gold. Notwithstanding platinum’s higher value in retail, it will not maintain such value on the secondary market. Before you buy jewelry, look for hints of the metal’s composition. When it comes to gold, higher karat pieces (14 karats and up) will hold its value more than lower karat ones.
Aside from the metal’s composition, the jeweler’s workmanship is important, especially if the piece has an intricate design.
Another factor you may consider when buying jewelry is the brand. Usually, more popular costume jewelry or designer brands are more expensive, regardless of whether they are made of precious or metals, or not.
The best news is, you will find lots of online as well as traditional jewelry stores these days. 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 that’s the only way you can ever truly say that you’ve found the one for you.