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You can combine your love for jewelry with your love for making some simple cash with these top tips from jewelry experts.
Rare and expensive jewelry such as unusual diamonds, antique gold and the world
Famous Gems can provide huge long term
But the vast majority of jewelry is not for investment.
Like all potential investments, you need to know what to look.
Like new cars, most new jewelry has a significant drop in value at the time of first purchase.
"Once you get your new jewelry out of the House, its value will drop," said Ian Hadassin, chief executive of the Australian Jewellers Association . ".
"Buying jewelry is because you like it.
"A lot of jewelry should not be seen as an investment tool," he said . "
However, some works have lasting value, which at least means that you will take back your money at the time of sale.
But it could take decades.
"It's not as bad as Louis Vuitton handbags, for example, five or ten years later, it's not worth much compared to the original price," Hadassin said . ".
"An expensive diamond ring always has some intrinsic value, even if it's just a diamond, which means you may get your money back if you wait long enough.
"David Budd, director of ABA Associates, a professional auction house, said that the initial design and manufacturing profit margin would greatly increase the cost of jewelry at a price much higher than its real potential value, which is why once purchased, prices will fall.
"The initial cost must include expensive labor, metals, gems and diamonds.
"Jewelers need high profits or high turnover to make enough money to pay employees, not to mention rent," he said . ".
When it comes to sales, auctions attract more buyers, which means you have a better chance of getting the highest price compared to individual dealers or retailers.
"The sale was good at auction, but I was biased," Budd said . ".
"But when you sell at an auction, unless it's a collection style like antiques, Edwardian style, or Art Deco, items are usually stripped back to bare bones --
You get money from diamonds and gold, but nothing from Labor, seating or design --
This means that this is a good way for buyers to buy diamonds, especially if they are certified.
"Certification is different from valuation," warns Budd.
"Most valuations are for insurance purposes to replace items that are usually retail prices," he said . ".
Certification is a report prepared by a qualified laboratory that specifically identifies the size, quality and individual features of a single stone.
Peter August, chief executive of Australian gold, said you could turn unwanted jewelry into gold or silver, making it a good investment.
Many companies across the country accept the melting of jewelry into gold bars.
"After testing and removing all stones, the price is based on the current price, purity and weight of the metal, and we certainly buy the waste precious metals," said August . ".
Companies can also buy gems from jewelry or return them to you, however, they usually have to go up for at least a quarter of an hour in order to be worth buying.
"Gold and silver strips and coins are recognized and recognized currencies and are not as vulnerable to depreciation and inflation as modern currencies," said August . ".
"Gold is a good long term. Regular investment.
In 2001, the price of gold was about $400 an ounce, and today it was about $1385 an ounce.
It has been on the rise recently.
Investment, however, fluctuates from time to time.
"As gold prices fall from their 2011 highs, buying gold at the current price is a great opportunity.
Buy low and sell high
Therefore, the current investment cycle is beneficial to the purchase.
"Selling jewelry and buying gold is relatively simple, done online
Store by mail or even by phone.
However, it was recommended in August to buy gold only from companies that provide gold weight and purity assurance. —
Buy only the jewelry you like
Be sure to get certified before purchasing
Buy the biggest, the highest
A single stone of value you can afford
Simple settings will maximize returns
Usually only antique or Art Deco jewelry is more valuable than gold and stone. —
The Prestige watch has good resale value. The diamond grading report provides an accurate assessment of the diamond and can be described as an ID card for the diamond.
It can only be done before the diamond is inlaid.
It is the main tool for calculating value.
The grade certificate shall include :-
Diamond is a natural statement-
Accurate carat weight
Shape and size-
Color and fluorescence grade-Clarity grade—Cut grade (
Not suitable for fancy shapes)—
A picture showing the type of contents and contents-
Look for applicable comments on Klamma stamps.
This refers to the proportion of pure gold.
The net gold is 24 k and the equivalent of metric tons is 1000.
Pure gold is considered too strong in practical use and is made with other metal alloys.
Common marks are: 22ct, 91618ct, 75014ct, 5859ct or 375. Australia has no legal requirement to stamp the item.
However, if the item has a stamp, it must be accurate if tested.