Visiting jewelry stores to try on things for jewelry shopping is one the most amazing experience for most of us… but it’s a long leap to from just buying jewelry to truly understanding the value of gems. If you are going to spend thousands of dollars on a brand-new jewelry piece, why not buy something that can also be along-term investment, so you can get the best used jewelry value in the future!
Being a part of the fashion industry, thejewelry resale value highly depends on the style and demand at the time you want to sell. Some styles are classic and stay around for years which is why the price remains constant in if not increased. The resale value also depends on the intrinsic factors (precious metals like gold, platinum, and gems) of the jewelry piece, the high demand and finiteness of diamonds contribute to the value and make it more profitable.
Diamond jewelry has been in demand since centuries. The fact that they are so rare contribute to its constant demand and increasing prices. Diamonds can be a little tricky to buy or sell as there are several factors contributing to the value of the stone, the 4 Cs (carat, color, clarity, and cut).The fancy-colored diamonds are extremely rare. According to GIA, only 1 in 10,000 diamonds has a fancy color, which is the reason they are expensive and can be one of the best jewelry investments.
For example, the most expensive gemstone ever sold is the incredibly famous CTF Pink Star. The fancy pink diamond was sold in Hong Kong for an astonishing 71.2 million.
The old jewelry buyers would offer great resale value for such stonesand the regular diamond or gold jewelry. Click the link below to get a free appraisal of your jewelry.
Gold prices are always increasing thus buying gold is considered a great investment. In most parts of the world, gold is a sign of wealth and can easily be liquidated in the times of need. If you are wondering how to sell my gold jewelry for cash, you need to figure out some simple information about the gold that you own. The purity of the gold is determined in the karat scale, 24K being the purest, however it can hardly be used in jewelry this form because of its high ductility and malleability. The purer the gold is the softer will be the jewelry making it more susceptible to breaking. Ideally 22K or 18K gold is used in most jewelry. What you will get out of the jewelry will depend on the percentage purity of the gold.
For instance, if we look over the last 15 yeas from 2005 to 2020, the price of gold increased about 330%. Observing the trends of market rates and the demand will help you sell jewelry for the most money.
Platinum and palladium jewelry
The difference between the two metals is absolute minimal. Platinum turns out to be just one shade whiter than palladium, but again both metals are extremely strong and most used for engagement rings and wedding bands. The price of platinum per troy ounce for example has increased from $138 in 1990 to $2739 in the year 2020. Like gold, the price depends on the purity level of the metal in your jewelry, lowest purity being at 85 percent, while the purest at 90 percent. It is a great investment as you can keep wearing there for decades but it does not tarnish and holds its value.
At present 90 percent of all silver us made to a standard of 925% Sterling Silver (exceedingly small amount of impurities). It can be a great investment because of its lower price and the percentage profit it has started to return now.
Other than understanding the intrinsic value of the jewelry, brand names can be a huge influence on the price. The vintage and antique jewelry from some brands is exceedingly rare with high resale value.
Here are a few brand names that not only hold their value but keep increasing with time.
The most reputable brand of jewelry, famous for their unique design and craftsmanship in the jewelry pieces and luxury watches. For antique and vintage jewelry collector this could be a great investment.
Tiffany & Co
Engagement rings and the diamond jewelry from the brand are immensely popular all around the world. The name itself guarantees a great resale value.
Names like David Yurman,Chopard, Buccellati, Chanel, Van Cleef& Arpels, Harry Winston, are timeless and make some of the most exquisite jewelries.