Diamonds are forever and they are a girls’ best friend and as much as they cost money so should we build a strong investment portfolio for when it’s time to let go.
According to Chairman and Director of jewelry auctioneers, Vickie Sek, the global demand for investor pieces of fine jewelry has risen and so has designer pieces.
Here’s are a few tips to increase value over time on all your most expensive items in your wardrobe:
Start with three easy pieces
A simple gold chain, Diamond earrings & Rings. These are valuable because you can wear them while their value continues to increase. You tend to lose out when you have had them for only a short while.
Wear it but insure it first
Make sure that all your valuable pieces are insured by a credible insurance company. Have your items valued regularly and adjust your insurance accordingly. Inherited valuable item?, do not worry. Get a certificate from reputable and certified dealer. That certificate holds more ground than a police declaration for when applying to insure it when you do not have a receipt.
A good investment
Distinct designs in pieces and/or items is what is often noted by investors. Fashion will influence the desirability of a piece and/or item, but a combination of remarkable design, quality and fashion trends will determine price and worth of investment.
Bonus tips
Keep a look out for designer signatures
Track the pieces and/or items a designer’s older piece fetch.
Look for experienced jewelry companies who have great impact and can give you a valuation certificate for insurance.
Make sure you are covered for travelling.
Keep your original receipt.
This article was adopted from ELLE magazines’ March issue under MONEY
