Buying Jewelry As an Investment
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 buy jewelry for many reasons, such as marking an important event in their lives to simply, complementing or accentuating an outfit, or to simply make a statement. 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. Definitely, all four Cs play a huge part: color, cut, carat and clarity. In terms of the gem’s cut, it’s usually better to avoid newer, more fashionable choices and select timeless shapes instead, like round and regal. As you shop, remember too that clarity and color are more important than carat or size in some cases. Thus, a smaller diamond may be worth getting if it is also higher in quality than a bigger one.
Though diamonds or other precious stones are typically your first concern when buying jewelry, the metals used in the design are also important. To illustrate, consider that even with platinum trading lower ounce-for-ounce than gold, platinum jewelry may still retail for higher because it is tougher to work with as a metal in comparison to gold. Regardless of its higher retail value, platinum won’t keep its value on the secondary market. Prior to buying jewelry, look out for indications 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.
On top of the metal’s composition, quality construction by the jeweler is important, especially with an intricately designed piece.
Brand is another factor you might want to look into when purchasing jewelry. Typically, popular designer or costume jewelry brands are pricier, whether or not they are made of precious gems or metals.
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. As well, this means you shouldn’t just limit yourself to one prospective shop or jeweler. Make comparisons as this is the only way you can say that a certain option is indeed the right one for you.