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Started By
Message
Investing in Jewelry
Posted on 7/23/15 at 8:29 am
Posted on 7/23/15 at 8:29 am
Wanted your thoughts on this. It started with a family heirloom watch given to me which was purchased for $8,000 over 25 years ago. My insurance replacement cost and appraisal just came in at over $31,000.
I purchased a platinum engagement ring several years ago for 10,500. Replacement cost now stands at over $15,000. Her wedding band went up over 30 percent as well.
Going back and forth to the jeweler made me realize the demand for certain watches, designs, metals, etc. now the main issue is its all sentimental so its hard to let go of it, but if things hit the fan, or if I needed cash to pay for childrens education it's there, plus you get to wear it.
Not looking to invest mainly in jewelry, but it seems to be a low maintenance cost investment that you can enjoy, similar to paintings.
Any thoughts on this being a tertiary investment option?
What do you think?
I purchased a platinum engagement ring several years ago for 10,500. Replacement cost now stands at over $15,000. Her wedding band went up over 30 percent as well.
Going back and forth to the jeweler made me realize the demand for certain watches, designs, metals, etc. now the main issue is its all sentimental so its hard to let go of it, but if things hit the fan, or if I needed cash to pay for childrens education it's there, plus you get to wear it.
Not looking to invest mainly in jewelry, but it seems to be a low maintenance cost investment that you can enjoy, similar to paintings.
Any thoughts on this being a tertiary investment option?
What do you think?
5
Posted on 7/23/15 at 8:37 am to Mariner
Ask that Jeweler how much he would buy that diamond ring back for...
There is a huge margin between the insurance replacement cost and the market price.
There is a huge margin between the insurance replacement cost and the market price.
Posted on 7/23/15 at 9:00 am to Shepherd88
Good point 
Posted on 7/23/15 at 9:03 am to Mariner
With jewelry you pay some abstract figure for design. I would suggest, physical gold and silver coins and bars, and if you insist, loose diamonds. Although you'll pay out the arse for those diamonds unless you by a ziplock sandwich bag full of them.
Posted on 7/23/15 at 9:13 am to Mariner
As already posted, you wouldn't come near those prices if you actually tried to sell. Unless you're talking about a particularly rare or historically significant piece, jewelry is a terrible investment.
Posted on 7/23/15 at 9:24 am to ItzMe1972
Seems like the price range of a vintage Patek, unless it's something like a semi-rare Daytona.
Posted on 7/23/15 at 10:25 am to ItzMe1972
Rolex. It has a special bracelet/bezel design.
This post was edited on 7/23/15 at 10:27 am
Posted on 7/23/15 at 10:41 am to Mariner
I swear, god damned Rolex collectors are a crazy bunch
Would you be comfortable posting a picture of it, or at least linking to a picture on the web?
Would you be comfortable posting a picture of it, or at least linking to a picture on the web?
Posted on 7/23/15 at 11:37 am to Mariner
quote:
Investing in Jewelry
Jewelry outside of nice watches is very personal and has way too much variance unless you are talking about antique, established brand name jewelry.
Watches may not be the best investment ever, but its money better well spent than an 80k Mercedes that will be worth 50k in 3 years...if you are lucky. If they are appreciable goods it will at least depreciate at a crazy low rate. This is how really rich people stay rich. They have enough money to but shite that holds value.
Posted on 7/23/15 at 11:39 am to Joshjrn
quote:
I swear, god damned Rolex collectors are a crazy bunch
With such little variation in the design of Rolexs over time, it makes minor limited run tweaks very valuable.
Posted on 7/23/15 at 11:49 am to barry
quote:
With such little variation in the design of Rolexs over time, it makes minor limited run tweaks very valuable.
I'm probably one of the biggest WIS on this board. I know why rare rolexes are valuable. I simply think that value is batshit insane
Posted on 7/23/15 at 4:06 pm to Joshjrn
Sorry Joshjrn but I cannot post a picture.
Rolex can turn anyone into a watch enthusiast once you open yourself to it. It turned me into one. It opens the door to other watch brands as well. The gift really gave me a new interest and appreciation for the finer things in life. I bought my wife a Rolex recently and the presentation you get in the store...its the equivalent of a woman going to get legally married at the courthouse, or walking down the aisle in a wedding dress, flowers, all the BS, to tie the knot. Its a special moment.
Rolex can turn anyone into a watch enthusiast once you open yourself to it. It turned me into one. It opens the door to other watch brands as well. The gift really gave me a new interest and appreciation for the finer things in life. I bought my wife a Rolex recently and the presentation you get in the store...its the equivalent of a woman going to get legally married at the courthouse, or walking down the aisle in a wedding dress, flowers, all the BS, to tie the knot. Its a special moment.
Posted on 7/23/15 at 4:21 pm to Mariner
quote:
.its the equivalent of a woman going to get legally married at the courthouse, or walking down the aisle in a wedding dress, flowers, all the BS, to tie the knot. Its a special moment.
Posted on 7/23/15 at 4:25 pm to Mariner
I'm not knocking Rolex. They make a fine wristwatch. Frankly, I'm mocking the pseudo-religion that has developed around the brand
Posted on 7/23/15 at 4:28 pm to Joshjrn
watches became useless with the invention of the cell phone IMHO. and ftr, I actually have two rolexes, although I didn't buy either of them. I just don't bother to wear them.
And you don't invest in jewelry, you buy it. It almost never has any real resale value as the nice stuff is very personal.
And you don't invest in jewelry, you buy it. It almost never has any real resale value as the nice stuff is very personal.
Posted on 7/23/15 at 4:28 pm to Mariner
Value is in the eye of the beholder. My $20 Timex keeps accurate time. Works for me. I would rather have 100 shares of Exxon. To each his own.
Posted on 7/23/15 at 5:03 pm to dwr353
A love of wristwatches certainly isn't for everyone. It's an almost romantic notion, appreciating an utterly obsolete object simply because of the engineering, design, and craftsmanship that went into it.
Posted on 7/23/15 at 11:34 pm to Mariner
That slimey, cheesy pawn shop guy on that reality TV show is more the type that turns a profit on jewelry. Not the Vegas show. The other one, in/near Beverly Hills. Yoshi something or another. Most of the rest of us probably wind up paying retail and selling for wholesale.
Cars, art, jewelry... those are tough games to make money at. At least with a house or stock, I can be pretty certain that it's real.
Cars, art, jewelry... those are tough games to make money at. At least with a house or stock, I can be pretty certain that it's real.
Posted on 7/24/15 at 12:30 pm to dwr353
Funny because you poor!! 
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