- Joined
- Jun 13, 2016
You are right as far as the mass manufactured junk sold at most jewelry stores. Those places are palaces of marketing, they sell $50 worth of gold and $30 worth of stones for $2,500. The cost of stones is mostly in paying ppl to cut them.I've always held the sentiment that jewelry is worthless and not worth the money unless it provides powers or magical abilities. Beyond that if your showing off your jewelry your just wasting my time and yours.
Pawn stores will give you $20 for a ring you paid $800 retail for, because they are nearly worthless on the secondary market. Jewelry stores tend to make much of their bank by financing purchases. Finance $8k for a ring that cost them $600. Good grift.
OTOH
But Google names like John Paul Miller, Radakovich or Margaret DePatta plus the word jewelry and you will find jewelry valued for its artistry and craftsmanship, the precious metals and gems are very secondary. Alexander Calder jewelry sells for six figures and it’s made of plain old brass, copper or sterling - the value is entirely the design.
It’s like Faberge. The actual value of the precious metals and gems used in their eggs is maybe a few thousand, but the craftsmanship makes them worth millions.
It’s something to keep in mind when buying jewelry. Quality, design and craftsmanship will ensure a piece retains value beyond smelting. It’s why jewelry from Cartier or Van Cleef Arpels will fetch prices far, far above the value of its gold or gems - craftsmanship and design. (There are exceptions when dealing with truly exception gem stones and fancy colored diamonds - but generally you don’t ever see those type of quality stones used in anything but fine crafted jewelry.)
It’s like Faberge. The actual value of the precious metals and gems used in their eggs is maybe a few thousand, but the craftsmanship makes them worth millions.
It’s something to keep in mind when buying jewelry. Quality, design and craftsmanship will ensure a piece retains value beyond smelting. It’s why jewelry from Cartier or Van Cleef Arpels will fetch prices far, far above the value of its gold or gems - craftsmanship and design. (There are exceptions when dealing with truly exception gem stones and fancy colored diamonds - but generally you don’t ever see those type of quality stones used in anything but fine crafted jewelry.)
If you ever want to spend money on jewelry -Do research, learn about it, check auction results and then go to an auction like Skinner to buy quality jewelry and good prices. Don’t go to the mall and get ripped off.
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