From an investment point of view, is there any jewelry that ISN’T a total waste?
I’ve heard too many horror stories of people trying sell their diamond jewelry and being offered 30 cents on the dollar.
The biggest markups on jewelry occur when someone purchases a NEW piece of jewelry. Whether it’s gold, platinum, palladium, with diamonds or not. The costs that you pay for new jewelry are as follows:
1. the wholesale costs of the raw precious metals
2. the wholesale costs of the gemstones
3. the cost of labor to manufacture the item – designing costs, mold making costs, alloying the metal costs, casting costs, stone setting costs, polishing costs, shipping costs, etc.
4. then markup from the mfg’er/wholesaler to the retailer, 20 – 100%
5. then the markup fro the retailer to the consumer, 50-300%
So you can see when you are purchasing a new piece of jewelry there are many things and people that have to be paid. So if you ever had to sell that piece of jewelry, what could you get? Probably just a PERCENTAGE of wholesale precious metal value & gemstone costs. Which might only be 10-20% of the retail price.
So how could you ever consider that an investment? But if you want some beautiful jewelry, but don’t want to pay the prices mentioned above, you should consider ESTATE JEWELRY. Estate jewelry will be priced at 30-50% of it’s new price. You will end up with the jewelry you want, but should you ever sell it you can sell it to another consumer and probably negotiate a price similar to what you paid for it.
Hope this helps.
How To Sell Jewelry Resources
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The biggest markups on jewelry occur when someone purchases a NEW piece of jewelry. Whether it’s gold, platinum, palladium, with diamonds or not. The costs that you pay for new jewelry are as follows:
1. the wholesale costs of the raw precious metals
2. the wholesale costs of the gemstones
3. the cost of labor to manufacture the item – designing costs, mold making costs, alloying the metal costs, casting costs, stone setting costs, polishing costs, shipping costs, etc.
4. then markup from the mfg’er/wholesaler to the retailer, 20 – 100%
5. then the markup fro the retailer to the consumer, 50-300%
So you can see when you are purchasing a new piece of jewelry there are many things and people that have to be paid. So if you ever had to sell that piece of jewelry, what could you get? Probably just a PERCENTAGE of wholesale precious metal value & gemstone costs. Which might only be 10-20% of the retail price.
So how could you ever consider that an investment? But if you want some beautiful jewelry, but don’t want to pay the prices mentioned above, you should consider ESTATE JEWELRY. Estate jewelry will be priced at 30-50% of it’s new price. You will end up with the jewelry you want, but should you ever sell it you can sell it to another consumer and probably negotiate a price similar to what you paid for it.
Hope this helps.
References :
http://www.yatesjewelers.com
Gold, Platinum and other precious metals. In retail and collection part, diamond always shows price off, it is a rule already. Try to have some valuable gold pieces with exquisite craft work or with especial occassions.
References :
Shop pearl jewelry gift: http://www.pearlhours.com
Platinum is usually the most solid investment. It is the most valuable of the precious metals, and is classic enough to withstand test of trend.
References :
Gold.
Gold is becoming more and more valuable than the dollar.
And it will keep the trend.
References :