Posted on: 5 September 2018
From stocks and bonds to real estate and cryptocurrency, there are many options for investing your money. Unfortunately, knowing which option will offer the highest return can be impossible to predict. Today, more and more people are choosing to invest their money into something valuable that they can also enjoy, such as jewelry. Of course, not all jewelry is created equal, so you need to know which type of jewelry pieces are best as an investment. Here are a few factors that will influence the value of your jewelry.
The type of metal and its overall composition are the most important factors when you are estimating the value of a jewelry piece.
Silver does have value, but not as much as gold, which is the most valuable metal. It is important to remember, though, that all gold is not created equal because the purity varies between each type of jewelry piece.
Gold is available in different carats, including 10, 14, 18, and 24. 24-carat gold is the purest of all gold carats. It is also the softest, so finding 24-carat gold jewelry is challenging. Because it is so soft, many jewelry designers and artists combine this gold with other metals, which can reduce its overall value.
If you are worried the jewelry contains other metals, consider investing in 10, 14, or 18-carat gold. In most cases, these carats will not be mixed with other types of metals.
The actual craftsmanship of the jewelry piece can also affect its value.
Jewelry that is made from a quality craftsman will not only be stronger, more durable, and have an extended lifespan, but it will also look better. Buyers will be more inclined to purchase jewelry that is both attractive and made well. In addition, buyers will be more inclined to pay more for jewelry that is appealing and in good condition.
The type of metal used and the way it was made are both factors that affect the jewelry's value. However, you may be surprised to learn that the brand of the jewelry can also affect its appeal to potential buyers and overall value.
Luxury brands are more valuable and collectible than others, so they are better investments. Consider investing in brands such as Cartier, Tiffany & Co., Chopard, Graff, and Harry Winston if you want the jewelry to stand the test of time in looks, quality, and value.
If you are considering investing in jewelry, make sure to focus on these three factors to ensure a higher return on your investment.
For more information about purchasing jewelry, contact a company such as Rich's Pawn Shop.Share