Every year, people invest their money in luxury goods, including jewelry. In a 2018 statistic, the US alone generates $39.7 billion in jewelry sales. And this number is continuously rising each year.
Jewelry, for many people, is more than just for aesthetics. Rather, people purchase jewelry for future investments. Fine jewelry- those made from precious metals and gemstones is known for being durable and valuable. You can pass them down from generation to generation as an heirloom or sell them at a high price.
One factor you will need to research before purchasing jewelry is location. It matters where you are buying your products. Your choice of distributors can affect prices, quality, and resale value.
These are three places where you can buy jewelry for your investment.
Physical Jewelry Store
- You can see and touch your item.
- You are buying brand new.
- You can purchase custom-measured jewelry.
Physical stores are the first choice for many interested buyers. Jewelry stores have a variety of brand-new accessories waiting for you. You can choose from their catalog of rings, earrings, necklaces, bracelets, watches, and more. And once something interests you, you can immediately receive it upon payment.
Mimi’s Jewelry provides high-quality service for those who need fine jewelry. This jewelry store in Orange County is the go-to for many customers, and they are highly rated and praised. Mimi’s Jewelry specializes in engagement rings, custom products, and jewelry restoration.
Online Jewelry Store
- Convenient shopping at your fingertips.
- More variety and exclusivity.
- Special discount prices and promos.
Thanks to the Internet, online shopping is more accessible to a wide range of consumers. Online stores are available 24/7, and you have more options compared to a local jewelry store. Plus, you can purchase jewelry made from abroad at a lower price. Online stores deliver their products right at your doorsteps, so you no longer need to go out and drive to any location.
Online stores are perfect for people who want to buy jewelry without sacrificing comfort. However, buyers must be careful of scam websites. Furthermore, quality control is not the same with a physical store. There is a high chance your product might come broken due to shipping.
- Higher chance of getting a good deal.
- Payments are flexible and won’t affect your credit score.
- Buying secondhand is ethical and good for the environment.
Another place you can visit if you want to buy jewelry is the pawnshop. Pawnshops sell jewelry at a more flexible price, and you are allowed to negotiate based on your budget. Pawnshops price their goods according to weight and karat, meaning that you are getting what your money’s worth. Asides from buying jewelry from the pawnshop, you can also sell your previous ones to brokers.
Buying from a pawnshop is a great way to save money. Many of their products are still in good condition and are at a lower price. You also have the benefit of being lucky and stumbling upon something rare and valuable.
Research First Before You Push ‘Buy’
Learning about where you are buying your jewelry gives you more choice and value. You are also less likely to fall for fraudulent sellers and fake products. Research your local branch or online store before you decide to buy.
Purchasing jewelry is a hefty investment. You want to buy something that not only looks good but can last for a long time. High-quality jewelry from reputable sources can last for centuries and are highly valuable. So check your seller before you say ‘yes.’