Is Second Hand Jewellery Better Value? Can you buy pre-own jewelry? If you are buying premium quality jewelry, you will want to know about the jewelry’s resale value.
This is an almost natural question because you want to be 100% sure that you are getting your money’s worth or, at the very least, get some little money if you choose to sell the jewelry later.
But knowing about the value and the resale value of jewelry isn’t all about buying a new piece of jewelry, it’s important when it comes down to purchasing second-hand jewelry. Essentially, the resale value will depend on the quality of the jewelry and the prevailing market conditions.
So, if you are interested in buying second-hand jewelry, it would be a good idea to investigate the market conditions and whether the jewelry is worth your money or not.
Today, we look at different aspects of second-hand jewelry and whether they are more valuable than new jewelry or not.
Is second-hand jewelry a better value?
There has been a rise in the cost of jewelry in recent years, and the primary reason for this uptrend has been the economic move in the investments world from plain stocks and shares.
More people are diversifying their investment portfolio, and jewelry is becoming an additional type of investment.
What this means is an increasing number of individuals investing in jewelry, especially vintage jewelry and brand plus jewelry made of the best quality materials.
If you are looking to invest in jewelry, this article explores second-hand jewelry and why it would be a good idea to invest in the second hand rather than new jewelry.
The following are the reasons why second-hand jewelry is a good option for you.
1. Second-hand jewelry offers better value
When buying jewelry, the first thing you need to consider is the value of the piece. While your budget is important, purchasing high-quality, pre-owned jewelry is the best move you could make today because it allows you to get so much more of your money back, later on, compared to buying a brand new piece of jewelry or jewelry sets
The primary reason for this is that like many of the everyday items, electronics, and furniture, the value of buying new jewelry goes down immediately after purchase, and when you decide to play with the percentages, you will realize that the percentage of depreciation for something new is significantly higher than that of a pre-owned piece.
More specifically, a new piece of jewelry loses between 20 and 40% of its value by the time you sell it, and that is when the jewelry is still in good condition.
Buying a depreciated item means paying less and getting more value from it.
But depreciation isn’t all that is used to calculate the value of the pre-owned jewelry. You need to keep in mind that the market prices for vintage jewelry are already set.
So, it’s easier for you to profit from reselling pre-owned vintage jewelry.
And back to your budget, it’s much easier to find a high-quality piece of jewelry within your budget than it is to find something new.
The other reason why it makes more sense to buy pre-owned rather than new jewelry is that the second-hand jewelry market offers a larger variety.
Basically, you are looking at the best of well-made, intricate jewelry outlasting multiple generations in one place, and they are all in mint condition.
You wouldn’t find such variety at a store selling new jewelry, and the fact that you will find pieces made in the 20th Century, means more options to choose from, more richness in style, and you will find pieces that match your personality and preferences easily.
A thrift/ second-hand jewelry store will have jewelry that has passed the test of time, pieces that were trendy in the Edwardian Period, and gemstones popular and highly valued from the 1970s. And since fashion and trends go full circle, finding such classics from the past means buying unique and even unusual jewelry at a good price, while enjoying the best value.
3.Ownership of a piece of history
The other reason why the second-hand pieces of jewelry are better than the new jewelry is that owning antiques and collectors’ items means more than the stones and the precious metals used or even the setting.
Buying such pieces means that you get to own a part of the history behind that jewelry, and this is something truly beautiful.
By virtue of the jewelry surviving decades, while remaining in great condition, it means that you are buying jewelry that is well made.
4.Better value retention
As mentioned above, pre-owned jewelry offers more value than new jewelry, especially because the older prices of the jewelry will not lower the value of the jewelry.
With the higher value recorded for the new pieces, buying second-hand jewelry is definitely a better investment.
So, even though the second-hand jewelry purchased will still depreciate in value, it will retain its intrinsic value, especially if it has precious metals, stones, or gemstones.
You should also know that such pieces will retain more value when bought as second-hand pieces because the age becomes irrelevant as the value is retained.
5.Environmental and Community protection
Mining precious metals, gemstones, and diamonds, and the processes involved in making jewelry are not the friendliest to the environment.
And buying second hand rather than new jewelry means a positive impact on the environment.
Then you have the idea of blood diamonds, and buying second-hand jewelry goes a long way in protecting the communities that have suffered for years.
Should You Buy Used Jewelry?
Yes, given the advantages of used jewelry shown above, we recommend buying used jewelry. It is cheaper, and you get more value from the used jewelry. It is also an excellent investment option.
Investing in second-hand jewelry is one of the smartest moves you will make when it comes to jewelry, especially if you are looking for high-quality jewelry, but you don’t want to spend a lot of money.