Fine Jewelry as An Investment? Bloomberg Says Yes!

Mike Levine

With housing prices soaring and the stock market rippling like a rollercoaster, here’s an interesting idea for an alternative investment: precious gemstones.

In a recent article, Chris Rovzar, editor of Bloomberg Pursuits, says that jewelry “is proving to be quite a strong investment” and that “as an asset class, luxury baubles have never been hotter.” He gives the example of a 6.7 carat Kashmir sapphire that sold at auction for $206,500 in 2012 and how, nine years later, a similarly sized one was sold for more than double that amount.

Not convinced? Here are some additional interesting facts about gemstone investments:

  • In a similar article, writer Kristen Shirley discusses how a Belperron amethyst cuff sold for $28,680 in 2003. The same piece re-sold in 2021 for $87,500.
  • Unlike most contemporary art, you don’t have to spend more than $100,000 for fine jewelry.
  • J.P. Morgan was such a well-known gem collector in his day that Tiffany & Company named a stone after him —The Morganite.
  • Unlike a second home, you can wear and enjoy your gem investment!
  • Vintage lapel pins seem to be the rage. Case in point: Take a look at the diamond, onyx and emerald art deco brooch Aquaman star Jason Momoa wore to the 2020 Golden Globes.
  • Gold can be melted down to create new jewelry. Diamonds and other gemstones can be used to create new pieces.
  • David Craig Jewelers has a fabulous buy-back option. Trade in a piece you bought from us for something even bigger and better.
  • Myra P. Saefong in MarketWatch, discusses buying loved ones original jewelry with the idea they could always sell the piece down the road if they needed extra cash.
  • Diamonds have been considered a source of wealth through the centuries.

Prospective collectors should of course research as much as they can, visit museums and maybe even take courses before considering investing. Want some ideas? Stop in and ask David for a peek at our vast collection of gemstones. David’s a certified gemologist and gemologist appraiser with many certifications from the world’s most reputable jewelry institutions.

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