In the words of the iconic Marilyn Monroe, “diamonds are a girl’s best friend!” Proving and embodying this expression, jewelry items with the highest resale value are in high demand. In other words, investing in quality jewelry pieces has become an art that leads to great profit in the future.
Not only does this form of investment broaden the experience of owning timeless jewelry, but it subtly educates on the essence of value. Value in paying detailed attention to your glamorous taste, as well as the value of making worthy acquisitions. Whether you’re a fashionista with a flair for finery or an investor looking for stylish ways to wear your money, jewelry pieces with the highest resale value are a must-have, as long as your bank account permits. Think jewelry from prestigious brands like Van Cleef & Arpels, Cartier, and Tiffany & Co.
However, to embark on an exquisite and potentially lucrative adventure, it’s important to understand the quality and durability of fine jewelry. Essentially, this luxury investment requires familiarity with factors that lead to a versed knowledge of selection and pricing.
So buckle up and hop on this opulent bandwagon, because we’re taking a trip to the finest jewelry land and educating you on everything you need to know.
Here are key points on acquiring jewelry pieces with the highest resale value…
#1. Categories Matter
When it comes to picking out jewelry items, these classifications matter:
I. Vintage pieces
Firstly, vintage pieces are as valuable as they are exclusive in form. This is so because their prices don’t fluctuate excessively and have reportedly increased by about 80% in the past few years. Their antique nature serves as an advantage for high resale value, especially when a renowned brand name like Cartier or Tiffany & Co. is stamped on them.
II. Powerful and branded labels
Speaking of brand names with power, jewels of their repute are worthy of investment as their overall value and resale rate increase over time. On the other hand, unbranded pieces also retain their luxury value when their materials are maintained properly. For example, natural pearls are increasing in value over cultured pearls.
III. Gold items
Even more exciting and enticing, gold jewelry has a high resale value. In comparison to other precious metals and gems, their value has heightened over the years. When venturing into its scene, elements like karat and market value should be explored.
IV. Diamond jewelry
Likewise, diamonds are always high in demand and are worth a great deal in loose form or when set in jewelry. To increase its value, quality and size are major determinants. Earning points with clarity, rarity, lesser flaws, and an exceptional size range, diamonds have a high resale value. Additionally, high-end and colored diamonds like red and rose pink tend to increase in value as they are hard to find.
#2. Terms of Value
The beauty of handling jewelry pieces also comes from knowing what they’re really worth and the following terminologies explain this:
I. Market Value
Here, the market value of an item is simply the price a willing seller and knowledgeable buyer are likely to agree upon in their local marketplace.
II. Retail Value
The retail value of a jewelry item is the cost presented in a physical or online store. Basically, it’s higher than the market value because it goes into covering the expenses and marketing tools of a business. It’s also known to fluctuate easily, as it is more dependent on trends, style, and brand names than market value.
III. Appraisal Value
In dealing with resale values here, insurance appraisals exist to compensate you for lost or stolen jewelry pieces. They go beyond assessing what materials the items are made from and include extra benefits for sentimental pieces like heirlooms.
#3. Increasing the Resale Value
Ultimately, maintaining the quality and durability of your jewelry pieces are influential efforts toward increasing their resale value. To achieve this, actions like regular cleaning are necessary for proper maintenance, as well as repairs when needed––without interfering with the item’s original integrity.
In the same vein, doing adequate research on jewelry you acquire is always beneficial when it comes to all things maintenance. Thankfully, some of them come with serial numbers that help to find precise models and information about their manufacturers.
By combining the knowledge gained from this list of guidelines and your eye for acquiring captivating jewels, you’re in for a rewarding and bedazzling relationship with your fine jewels.
While women typically invest in pieces like necklaces, earrings and bracelets, when it comes to jewelry, men overwhelmingly choose to invest in wristwatches and less popularly, necklaces /chains. When it comes to watches, celebrities like rapper 6IX9INE, also known as Tekashi69, are well known for collecting luxury and exclusive wristwatches as a form of investment. As featured in BowTiedLife, 6IX9INE invests in collector pieces like the Patek Philippe Nautilus and masterpieces by Richard Mille.
Shop editor’s fine jewelry picks
Watch: How to clean your jewelry
Featured image: Tiffany and co | Instagram
For the latest in fashion, lifestyle and culture, follow us on Instagram @StyleRave_