Understanding The Value Of The Second-Hand Jewelry
Our clients also question us about the future resale value of the jewelry items they want to buy. While no one can give a genuinely definite number, we can assume that a significant investment would be made by buying second-hand jewelry.
In recent years, jewelry prices have increased. One of the critical analyses is that buyers have switched away from investments in stocks and bonds to more significant commodities, such as gold, diamonds, and other gemstones. This suggests that a specific antique, brand, or substance- makeup jewels may be worth more than what was paid for them.
We’ll give five excellent reasons in this blog why you should consider investing in vintage jewelry. And if you have a lot of second-hand necklaces, bracelets, rings, or earrings already, you will discover something new about their real worth.
Why is it a smart thing to indulge in second-hand jewelry?
The Greater Value
Buying a pre-owned jewelry piece would help you get even more for your cash than brand-new items, regardless of what your budget is set at. The value of new jewelry will depreciate instantly, like many other ordinary things (cars, for example)-the trick to ‘playing the percentages.’
Upon purchase, the value of new items will typically decline by 20-40% by the time it is passed on-the general values of antique jewelry have already been set (it is second hand after all). However, the chance of making an actual profit on its resale is exponentially more significant than what new pieces would earn.
Often, you are more likely to find that you will be able to buy a higher selection of diamonds/other gemstones and the precious metals they are wrapped in (if you look at composite prices) when you look at what your budget will get when you look at new and second-hand jewelry.
Larger options set
It will possibly go without saying that the selection of available second-hand items is vast; if they are well cared for, any well-made jewelry item will last for many generations. Many things were made during the 20th century that evokes each decade’s trends and tastes.
Of course, styles and fashions shift all the time- jewelry is no different. Especially common during the Edwardian era were objects made of pale metals, diamonds, and pearls, while larger pieces of yellow gold and coloured gemstones were fashionable during the 1970s. However, the thing about patterns and fashions is that they often return or build new reputations-some items that during the period of their formation were deemed ‘unusual’ may have contemporary features (such as geometric and linear stone settings). Nice resale qualities!
More preservation of importance
The fact that older pieces (if well cared for) do not decline in value, as we discussed above, makes them a better investment than new pieces. Purchasing second-hand jewelry does not indicate that their worth often depreciates; owing to the metals and stones used, each piece would maintain its inherent value.
The piece’s age will become meaningless over time, with patterns coming and going and the prices of metals and stones fluctuating, ensuring that you are likely to retain more value from a second handpiece than a new one.
Possess a piece of history
Buying jewelry for many collectors is about the kinds of metals and stones used or the places they are set; some importance is often attributed to the history behind the objects’ production. The fact that a ‘worn’ piece of jewelry has lasted in such fine condition for so long, at the risk of declaring the obvious, would mean that it has been well made—a terrific selling point.
It is not just about selling it on for profit to invest in high-quality second-hand jewelry; those hard-wearing pieces are perfect for moving through the family’s next generation. Each jewelry piece has its unique background, not only how and where it was made but also the reasons behind its acquisition, who owned it, and the locations and positions in which it was found. As well as a financial asset for future generations, a perfect talking point.
Contribute to environmental conservation and societies around the world
Mining of precious metals, diamonds, and gemstones can significantly affect the environment and create human rights violations in places where those products are mined across the globe.
Current examples include the wars that have created ‘blood diamonds’ in Angola and Sierra Leone, diamonds that have been extracted to be smuggled on the black market to fund insurgencies in the two nations. Society would not add to the market for newly mined products and environmental damage generated by illicit mining, only by buying second-hand parts.
If you do obtain yourself in a situation to buy new diamond-containing Antique jewelry, make sure to check for confirmation that they have been mined sustainably. One such strategy used by sellers of new products to ensure that they sell ethical jewelry pieces is the Kimberley Process Qualification Program.
Please browse through our collection of pre-owned jewelry.
Why not browse our large and varied collection here at Mallard if you’re interested in investing in second-hand jewelry? Our range contains many classic pieces in beautiful designs, including pins, pendants, bracelets, and other rare items in today’s markets.