Create a Family Legacy with Fine Jewelry

The precious metals and rare gemstones that make up jewelry have long had value over generations of civilizations. For this reason, many families have used jewelry as heirlooms for both sentimental and financial reasons. A combination of quality design and market value will determine the value as the piece moves from family member to family member. You must understand how pricing in the jewelry market functions before
purchasing jewelry that you wish to pass down to your son.

 

The Intrinsic Value of Your Jewelry

The intrinsic value of jewelry is basically what the raw materials are worth. For this reason, the primary concern when purchasing jewelry as an investment should be the purity of the metal used and the type and quality of the gemstone. Even if your watch or bracelet is not in fashion, jewelers would love to buy it to break down into usable materials. The intrinsic value of gold is very high for example.

Resale Value

The resale value of jewelry is determined by market demands of certain style. Exceptional craftsmanship will significantly increase the price above the intrinsic value of the materials. Brand names are also a major determining factor in amplifying the retail price. A golden Sauro-branded bracelet, draped with the finest diamonds, would have immense long-term value for example.

Appraised Value

Don’t be mislead by the appraised value of older jewelry. The prices that are formed simply take into consideration what it would cost to replace the ring with similar newer models. Getting the real value your jewelry requires deep market research to conceptualize how much the item is actually traded for.

What You Should Consider as a Worthy Heirloom

Take into consideration what future generations would value. Archaic styles of jewelry do have their charm, but they would likely hold up poorly in the future’s resale market. A minimalist piece of jewelry with a strong brand name should be considered as it is more likely to be transferable into future fashion styles. Consider a bracelet, wristwatch, or something practical that somebody will find useful in a later life.

Take the above into consideration when making an intelligent choice when purchasing heirloom jewelry. Not only will you be making an investment, but this piece will carry along your legacy. Jewelry also has sentimental value of passed down by a favorite family member or if it was acquired on a special occasion. Sentimentality can go hand in hand with financial gain so be sure to heed the above advice to add a little style and masculinity to the family heirlooms passed down by the male members of your family.