Is jewellery a worthwhile investment?
A deeper look at how the price of certain pieces of jewellery can increase over time
September 15, 2022
When you think about making an investment into something valuable, you might think of gold or perhaps even stocks and shares, but what about jewellery? Barry’s are professional jewellers and their jewellery trends experts actually think that jewellery investment is one of the best places that you can put your money if you want to see it grow.
It isn’t going to happen overnight though, in fact, it could take hundreds or even thousands of years to make money from jewellery investment. Let’s take a deeper look at this and just how the price of certain pieces of jewellery can increase over time.
Why is jewellery an investment?
There are so many different types of jewellery out there, from rings, necklaces, bracelets and more. Some jewellery passes as a trend but there are certain brands that only improve over the years, and therefore the price increases. The great thing about jewellery is that, as the years pass by, they become known as antiques, and are highly sought after, which increases their value.
You should also consider inflation as a factor. If you bought a diamond ring hundreds of years ago, it would have been bought at a significantly lower price than what it is worth today. Providing that the ring in question has been taken good care of, it could be sold for a huge profit and that is just one way that jewellery can be considered a valuable investment rather than just a one-off purchase.
How to start investing in jewellery
You might want to first start thinking about what jewellery you like and whether you want to buy silver or gold. Of course, you need to consider your budget also. Look for pieces of jewellery that you actually would like to wear or give as a give to someone in your life.
It is difficult to know whether a particular piece of jewellery will increase in value or not, so it is important that you buy something that you can actually wear or otherwise make use of. If you have money and you have your heart set on investing in jewellery, don’t think about it too much, just do it and see what happens! The great thing about jewellery is that it does not loose its value over time as a car might. The monetary value of the jewellery will always be that and if that value grows over time, you should definitely see that as a bonus.
If you are looking to invest in jewellery, make sure that you actually like the pieces that you are purchasing. Unique pieces like these are the most likely to make money further down the line. Giving jewellery to a loved one is also a really good idea or perhaps passing sentimental pieces down to your family.