The Jewelry industry is growing rapidly at a rate of 5 to 6 percent every year. By 2020 global annual sales are expected to reach 250 billion dollars. The value of designer jewelry remains high because of the continued popularity over the years. The designer jewelry market is saturated with many brands such as Tiffany & Co, Harry Winston, Graff, Cartier, Bvlgari and David Webb. These brand names are synonymous with luxury and high-end craftsmanship, which has been well established by extensive marketing. There are three obvious reasons which make designer jewelry so valuable.
The Market –
The value of luxury jewelry is dependent on market demand. Should you have a classic, timeless design that you are looking to sell, this will likely sell more quickly and for more than a local jewelry or unknown designer. Classic, elegant jewelry is always in demand.
Condition –
Signs of wear can affect the beauty of an item of jewelry. This will lower the value of the piece, as it will need to be refurbished. Resizing of an original piece or abrasions and chips on stones will affect the price. In addition, dents or worn down stamps inside the jewelry can also affect the price.
Rarity –
The pieces of jewelry with the highest price and the most value, have a scarcity that makes them stand out from the common designs which are produced regularly. These pieces have a high level of craftsmanship and often include precious metals and gems. People who are buying and selling these pieces would be hard pressed to see much depreciation over time.
If you are looking to buy or sell designer jewelry, at PMR we guarantee we will give you the most for your jewelry. Contact us today to arrange a free consultation!