(Closed) Tiffany’s ongoing value question

posted 1 month ago in Wedding Related
Post # 2
Member
4723 posts
Honey bee

Appraisals have nothing to do with resale value.

Post # 4
Member
820 posts
Busy bee

Tiffany *may* retain more value than a non-branded diamond with equal specs and proportions, but not enough to offset the highly inflated retail price of Tiffany.

Post # 6
Member
6023 posts
Bee Keeper

What is value? I say value is whatever you can sell it for, that’s an object’s value. In that case, the diamond will never be valued at what you paid for it. One always incurs a loss when selling a diamond. 

With Tiffany, you’re paying for 1)cachet and 2) white glove service. You can tell your friends and family it’s a Tiffany ring and they will ooh and ahh. The salespeople.will fawn over you and give you drinks…or at least they do at Van Cleef and Arpels. I always have to turn down the champagne which is sad. Alcohol doesn’t agree with my stomach. You can take your ring in for a prong check and polishing, although I’m pretty sure they have to send it out to the NYC store. And again, people will fawn onto.

Look, Tiffany is really nice, but the price they charge for diamonds is crazy. I can get a perfectly cut signature diamond and with what I know about diamonds, it will probably look better than the Tiffany.

You will certainly be able to sell it on the secondhand market but you’ll never get what you paid – that’s gone. So instead of looking at a rings value, which is a nebulous concept at best, look at what YOU value. Do you love the idea of a Tiffany ring? Will you feel prouder wearing it, just knowing it’s from Tiffany?

Ask yourself these questions and forget value. There is never any value in buying a diamond. Better to invest in bitcoin if you want value.

Post # 8
Member
496 posts
Helper bee

Get on auction sites like Christie’s and Sotheby’s and have a look at past results. They don’t just sell million dollar jewelry there are also much smaller pieces. Many vintage ones but i do see some current ones too. I’m still angry at myself for not bidding on a cocktail ring that had pink diamonds and it went for less than 10k (found the link https://www.sothebys.com/en/buy/auction/2019/jewels-online-4/colored-diamond-and-diamond-ring-tiffany-co ) Not sure how much it was retail but a lot more than that for sure. Maybe that somewhat answers your question. 

That being said I still really like their jewelry so if that’s what you want and you can afford it, then why not?

Post # 9
Member
319 posts
Helper bee

Sunburn is right, “Value” is what someone will pay for it. Vintage Tiffany holds its “value.” I don’t know how well modern Tiffany does because they made a gigantic marketing shift several years ago. When the whole silver “return me to Tiffany’s” line came out and high school and college girls bought it, Tiffany began marketing to them. They produced a big line of lower priced jewelry. Meanwhile, there’s the Breakfast at Tiffany’s/Tiffany diamond mystique. I don’t know how well the two are doing together. Tiffany’s needs to figure out who their market is and what direction they want to go.

  • This reply was modified 1 month, 1 week ago by labeeinrose.
Post # 11
Member
4723 posts
Honey bee

View original reply
@sunburn:  anyone who knows diamonds won’t fawn over a Tiffany diamond. They will think, “what an idiot for overpaying.”

Eta: I would have been so pissed if my husband bought me a Tiffany ring.

Post # 13
Member
4723 posts
Honey bee

Btw, it’s Tiffany, not Tiffany’s.

The topic ‘Tiffany’s ongoing value question’ is closed to new replies.

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