(Closed) jewelry an “investment”?

posted 8 years ago in Rings
Post # 3
Member
2006 posts
Buzzing bee

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 ๐Ÿ™‚

I honestly don’t know about stones, though. 

Post # 4
Member
571 posts
Busy bee
  • Wedding: June 2010

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
Member
571 posts
Busy bee
  • Wedding: June 2010

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
Member
2006 posts
Buzzing bee

@MsTerrapin: If your selling gold jewelry from an ex-boyfriend you’ll make money ๐Ÿ˜‰

Post # 7
Member
571 posts
Busy bee
  • Wedding: June 2010

@babyboo– That’s a good point!  At least you can get something out of it!

Post # 8
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

I guess if you get a good enough deal, it’s an investment =]

Post # 9
Hostess
18643 posts
Honey Beekeeper
  • Wedding: June 2009

@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
Member
571 posts
Busy bee
  • Wedding: June 2010

@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
Member
258 posts
Helper bee
  • Wedding: June 2014

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.  ๐Ÿ˜›

Post # 12
Member
1458 posts
Bumble bee
  • Wedding: January 2015

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.

http://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/4575/1/

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
Member
806 posts
Busy bee
  • Wedding: August 2010

It’s an investment in my happiness ๐Ÿ™‚

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.

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