If you are looking at adding jewelry to your investment portfolio to help diversify your assets, you can make some pretty smart investments if you know what you are looking for. Whether you are after fine pieces of jewelry from Mark Broumand, for example, to wear daily and then add to your collection of investment pieces or to pass down as a family heirloom, you are looking at investment-only options from auction houses; you need to know what look for in good, high-quality jewelry to ensure you are among good financial investments.
Certificate of Authentication
The item you buy should always be appraised and valued so you can be sure of the value and authenticity of the piece; many pieces come with this already, but for those buying brand new items, you should always check the authenticity of the jewelry to ascertain the type of gem, the metal and the value and weight of the jewels if applicable. For pieces that will be added to your collection, this provides evidence of your investment and can act as the security guard for your insurance company. It will require proof of assets and value before providing coverage.
Research and Analyze
Shopping for jewelry to wear or gift is entirely different from shopping for investment only. You need to do your research and ensure you know exactly what you are buying, and the type of gems you are willing to pay out for as well as the quality of each piece. Getting involved in the jewelry industry, attending the auctions, and talking to those in the business can be great ways to get your foot in the door without making any financial commitments too early on. Look for pieces that speak to you and will hold their value for the duration of your collection and even increase over time. Avoid going for new fashion trends and stick to the timeless pieces that will be sought after once the latest fad has had its time in the spotlight.
Any Joe Bloggs can buy a piece of jewelry, but for those cultivating an investment selection, you need to be looking at the rarity of the ice you are buying. Take the pink diamond, for example; this color gemstone in high-quality is exceedingly rare, and the bigger the gem, the more expensive the value; for example, Harry Winston shelled out just under $44 million for the 19-carat Pink Legacy diamond in 2018. While gold will typically hold its value or increase, rarer gems and designs can often yield more significant returns on your investment, especially if they are rare pieces.
The global luxury jewelry market is looking to exceed $292 billion by the end of 2025 for those with an eye for quality and a passion for exquisite pieces that will hold the test of time, creating a jewelry collection that can be held as a tangible investment to enhance your investment portfolio can be a tremendous alternative to stocks and shares, especially if you want to enjoy your assets and have something you can use as well look to sell on in the future for greater returns.