Buying Jewelry As an Investment
When investing in jewelry, the first thing you should consider is how much you will love the piece instead of how much it can return to you when you sell it later. 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:
Among the most crucial considerations for determining the value of a piece is the the material itself that was used to make it. When you talk about diamonds, for example, those that are over one carat will generally have a value that exceeds that of diamonds below one carat overall weight. Definitely, all four Cs play a huge part: color, cut, carat and clarity. 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. Remember as well that when shopping for a diamond, color and clarity can be of superior importance to size or carat. In short, better to get a smaller, better quality diamond than a bigger, flawed one.
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. 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.
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 best news is, you will find lots of online as well as traditional jewelry stores these days. If anything, that means you have a wealth of options around you, and there is absolutely no reason not to find something that matches your style or taste. This means as well that there is no need to restrict yourself to one specific 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.
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