Post # 1
I’ve seen a few posts on here mentioning jewelry as a “good investment”.
Can someone explain this to me? I’ve always thought the markup on jewelry was huge, and thought of it as expensive trinkets you get because you like, but not because they have “investment value”. I always thought reselling jewelry you lose money.
Post # 3
Gold/Precious metals are actually an investment. Right now the price of gold is crazy high so selling gold will likely make you a profit. Like any investment it is all about timing, sometimes the price is high and sometimes it is low 🙂
I honestly don’t know about stones, though.
Post # 4
I agree with you, in that I don’t see how jewelry is a “good” financial investment. Sure, if you want nice items to pass down to future generations, then sure, it’s a good investment, but you will never get anywhere close to the price you paid if you attempted to sell a diamond. In fact, that is part of the reason that Debeers coined the phrase “a diamond is forever” so that no one would ever consider trying to resell their diamonds and discover how little return on investment you actually get.
Post # 5
I was just curious about the price of gold and how much money you could make if you sold your rings back. I weighed my wedding band and ering, and all together it came to 3.3 grams total weight (including my stone). If I were to sell that right now with the price of gold where it is, I would get $85.
Post # 6
@MsTerrapin: If your selling gold jewelry from an ex-boyfriend you’ll make money 😉
Post # 7
@babyboo– That’s a good point! At least you can get something out of it!
Post # 8
I guess if you get a good enough deal, it’s an investment =]
Post # 9
@MsTerrapin: Don’t forget that the entire weight of your jewelry isn’t gold. 14 carat gold is only about 50% gold and 50% other metals.
Post # 10
@MissAsB– Yeah, my $85 would be for rings of 18k gold. I just wanted to get a rough idea of how much you could get for melting down rings… and the answer is not too much unless you’re melting down a lot of jewelry
Post # 11
I think when people say “investment”, it’s more of an emotional investment. Not so much a monetary investment, because who honestly purchases a ring with the PLAN of selling them later? I think it’s more like “I’m putting in $5000 and I intend to see a return in love and devotion from my wife for the rest of our lives”. That’s how I see it anyways. 😛
Post # 12
No one should spend a lot of money on a diamond because “one day I can sell it and get all the money back/have it appreciate in value”. Diamonds are kind of like cars, the amount you can get back for it decreases outrageously, minutes after you step out of the store. It’s a bit long, but read this. It is an interesting article.
Page four, about halfway down, starts to explain the inflation and buy back value of a diamond. It’s interesting to think about.
Post # 13
It’s an investment in my happiness 🙂
It makes me happy every time I look at it.
Will I ever expect to make a dime from it? No way, I don’t think you can expect to ever sell it for more than you paid, and would I ever WANT to sell it? No way, not unless I was literally about to be homeless.
My 401k is “an investment.” Our future home is maybe/maybe not “an investment.” But I don’t think of jewelry that way at all. It’s purely consumption/for pleasure.