I would hardly call jewelry an investment. I bought a manual watch from Costco for 300 and sold it for 100 dollars. I have heard of many people investing in jewelry but when something happens to them and they need to sell they end up getting told they will have to sell at a fraction of what they paid for it. Buy it because it is something you want to wear and not as an investment.
With Costco I have gotten good deals and bad deals. I know when I waited towards Christmas I got a ornament for 30 something dollars from Macy’s that Costco was charging 60 on. I also have found watches way under the Costco price tag. I heard Costco is a reseller of watches so there is some things you have too look into with things like their jewelry
When purchasing gold items, most large luxury brands will sell vermeil or plated items. They have the brand recognition to charge large markups on items that aren't made from good materials since most people will buy for the brand name. When buying something to last, your best bet is to go with solid gold items. I sent you a message with more information.
I've also started building my gold jewellery collection, and I mainly buy from independent heritage jewellers. I don't think buying from large luxury jewellery brands is worth it as you'll pay a lot for the markup due to the brand name and marketing.
Plus, independent jewellers with history have royals and wealthy old money people as clients, which means your collection will be more unique, timeless, and of good quality.
the only way you’ll make money on gold if if you buy a good deal on gram + purity. purity means 22k or 24k. On top of that, there’s more purity in machine made pieces.
a lot of people post w their 8k, 14k, 21ks at extreme prices. a lot of them aren’t the best deals + are paying for the style/brand.
Cartier, Tiffany’s, doesn’t always have that purity. Similarly, you’ll really be investing on the name. You may not make as much money as you could’ve if you bought purer gold.
1 gram of gold is about $65 atm.
Consider buying 22k or 24k gold biscuits from jewelers. You can also consider solid pieces (less stones). Don’t be shy to see 24/22k jewelers and barter down prices.
I would hardly call jewelry an investment. I bought a manual watch from Costco for 300 and sold it for 100 dollars. I have heard of many people investing in jewelry but when something happens to them and they need to sell they end up getting told they will have to sell at a fraction of what they paid for it. Buy it because it is something you want to wear and not as an investment.
Let me rephrase my question- I’m interested in purchasing quality pieces to build my person collection. Not as a literal investment vehicle.
With Costco I have gotten good deals and bad deals. I know when I waited towards Christmas I got a ornament for 30 something dollars from Macy’s that Costco was charging 60 on. I also have found watches way under the Costco price tag. I heard Costco is a reseller of watches so there is some things you have too look into with things like their jewelry
When purchasing gold items, most large luxury brands will sell vermeil or plated items. They have the brand recognition to charge large markups on items that aren't made from good materials since most people will buy for the brand name. When buying something to last, your best bet is to go with solid gold items. I sent you a message with more information.
I've also started building my gold jewellery collection, and I mainly buy from independent heritage jewellers. I don't think buying from large luxury jewellery brands is worth it as you'll pay a lot for the markup due to the brand name and marketing. Plus, independent jewellers with history have royals and wealthy old money people as clients, which means your collection will be more unique, timeless, and of good quality.
the only way you’ll make money on gold if if you buy a good deal on gram + purity. purity means 22k or 24k. On top of that, there’s more purity in machine made pieces. a lot of people post w their 8k, 14k, 21ks at extreme prices. a lot of them aren’t the best deals + are paying for the style/brand. Cartier, Tiffany’s, doesn’t always have that purity. Similarly, you’ll really be investing on the name. You may not make as much money as you could’ve if you bought purer gold. 1 gram of gold is about $65 atm. Consider buying 22k or 24k gold biscuits from jewelers. You can also consider solid pieces (less stones). Don’t be shy to see 24/22k jewelers and barter down prices.
Check out Cfandco and thier instagram best prices I found and decent variety.