HOW TO EVALUATE AN ACCESSORY’S VALUE
How to Evaluate an Accessory’s Value
People who are contemplating the idea of investing in one or more precious metals are usually focused on ways in which they could buy and sell gold, silver and platinum jewelry pieces for a profit at a later date.
At this point, luxury men’s jewelry pieces like the ones introduced by Sauro are so much more than iconic fashion statements, elements of self-expression, or luxury accents created for personal adornment.
They are seen as investment opportunities by clients who are looking forward to increasing their profit margins, by adding high-value embellishments to their personal collections.
Why Gold, Silver and Platinum Jewelry Is a Smart Long-Term Investment
High-end jewelry pieces made of gold, silver and platinum are a good choice for buyers looking for luxury products that are more likely to increase their value in time. Unlike cars that witness a rapid, gradual depreciation as soon as they are rolled out from their factories, jewelry made of precious metals retains or even increases its value for two main reasons.
First of all, such items are a physical commodity. Unlike valuables that only exist on a piece of paper, gold, silver and platinum adornments can be owned, held, and sold by their owners at any given point in time. Secondly, they are limited commodities, considering that there is no overabundance of precious metals on the planet.
Aspects That Dictate the Value of Jewelry
While these metals are still mined in different parts of the globe, the quantity available on the market isn’t growing at a fast pace. From this perspective, here are a few key elements that dictate the overall value of a jewelry piece.
Scarcity – Some of the most sought-after jewelry pieces incorporate materials that are desired solely for their scarcity. This explains why jewelry elements made of platinum, also known as the rich man’s gold, are so expensive and desirable. According to recent statistics, the annual platinum supply is estimated at only 130 tons, and the complex extraction process can take up to six months. Due to its scarcity, platinum jewelry will always preserve and even boost value, on a market where buyers are constantly looking for original, never-seen-before adornments carrying a hefty price tag.
Durability and Resistance – Very few people would be willing to invest in men’s jewelry brands offering products that do not have what it takes to stand the test of time. Metals that break under the impact of a powerful force, or change their color when you least expect it, are definitely not the most appealing choices for luxury buyers.
Timeless Style and Resale Value – The value of a jewelry piece is also influenced by its resale value and style. Naturally, most pieces incorporating precious metals and displaying a superior craftsmanship display an attractive, timeless design that turns them into keepsakes that can be passed on from one generation to another.
In order to preserve or gain value, gold, silver, platinum and diamond jewelry should reflect the selection of quality metals and stones. On the luxury jewelry segment, the resale value of any piece is connected to the signature displayed by each piece.
Just like paintings, signed adornments carry the greatest value. The number of similar items available on the market, and the manufacturer’s prestige are two key elements that influence the desirability of each piece of jewelry.
Jewelry made of precious metals are a valued commodity in the world today. Understanding what makes a piece of jewelry valuable is the first step to finding the right piece for a loved one, or making a smart investment on the luxury jewelry market.