Should you buy Tiffany jewelry? Is it safe to say that jewelry by Tiffany is worth your money?
While Tiffany has been around for a long time now, the truth is that this brand doesn’t always take the crown for the best jewelry company brand on the market, and the brand has also received some bad rep in the past.
Of course, Tiffany continues to astound the jewelry scene with some of the best engagement and wedding jewelry designs, among other types of jewelry, you need to know exactly what you are getting yourself into.
In other words, get your facts right before you buy Tiffany. We’ll help you gain insights on all matters of Tiffany’s. So, keep reading.
What’s so special about Tiffany jewelry?
Established close to two centuries ago, Tiffany has turned into a legendary American jeweler known for its iconic blue box with the white ribbon.
This brand has been in existence longer than Audrey Hepburn Breakfast made its appearance on Tiffany’s.
And over the 181 years of its existence, Tiffany &Co continues to offer some of the best luxurious and high-quality jewelry that shows the high level of creativity behind the brand.
The other reason for the brand’s popularity is that buying a piece of jewelry from Tiffany & Co is more than buying a beautiful jewelry piece; it is more about buying (into) the brand.
It’s important to note that the Tiffany brand grew quite popular after then debut of the movie Breakfast at Tiffany’s, and in 1878, Tiffany & Co earned the gold medal and the grand silverware grand prize at the Paris Exposition.
Over the years, the thing that has turned Tiffany into a special company whose name really stands is their fine attention to details and the high-class level of craftsmanship that leaves you with a luxurious jewelry line.
Is Tiffany jewelry worth the money?
As a jewelry company that boasts the best of diamond jewelry, including earrings, bracelets, watches, and other forms of high-end jewelry, not to mention accessories such as silverware, leather goods, and even picture frames, Tiffany would be a good choice for you if you are looking for high-end luxury jewelry.
This company makes use of an expensive diamond, as well as expensive semi-precious stones, thence the creation of unique jewelry pieces. By why is jewelry sold by Tiffany very expensive? Is it even worth the money?
Well, though the jewelry is manufactured cheaply in Switzerland, the importation of Tiffany’s jewelry means payment of high taxes, duties, and the VAT. Therefore, the high price tag of this jewelry could be something to do with these extra costs.
So, is it worth it? Well, buying Tiffany & Co.’s jewelry pretty much means that you are buying the brand, or rather, paying for the Tiffany brand.
But it’s not just about the brand; you are also paying for the high level of craftsmanship by the brand. You will be happy to know that the jewelry by Tiffany is means to last a really long time, maybe even forever.
Tiffany’s jewelry boasts the finest attention to details, and these are the things that allow the brand to really stand the test of time. Basically, there is an unequivocally zero doubt that Tiffany & Co makes some of the finest and the best quality.
The items offered by Tiffany’s boast an elegant level of finesse, and it is true that not even some of the most skilled jewelry artisans can recreate what Tiffany’s produces.
In other words, Tiffany gives you the most amazing level of craftsmanship, and you will get the best jewelry with some of the most incredible jewelry designs.
You also get a beautiful piece of history in the process, and it may seem that Tiffany’s jewelry is worth the high price tag.
But if you choose to come back to the land of the living, a place where we choose to think realistically, you will have to agree that the pieces sold by Tiffany, exquisite quality and craftsmanship notwithstanding, might not be entirely worth it.
And paying to wear the Tiffany & Co brand means that you are choosing to pay for more than the cost of the piece of jewelry.
Is Tiffany & Co. Jewelry overpriced?
Following up with the information above, it is obvious that Tiffany & Co’s jewelry is overpriced.
While you do get to experience and wear jewelry with excellent finishes and the best level of craftsmanship possible, you are also paying for the brand’s impressive marketing prowess and the high overheads for the company, but most importantly, you pay for the brand’s marketing.
Basically, you wouldn’t know about the Tiffany brand if it wasn’t for their incredible marketing strategies.
The good news is that despite being overpriced and having to pay for the marketing, the quality of Tiffany’s Jewelry is stellar.
However, you end up paying up to 50% more than you would pay for the jewelry of almost the same quality by other brands.
Think of Tiffany & Co. as the other high-end brands and how you will have to pay more for these brands even when other smaller brands could sell the same thing cheap.
What are the pros and cons of Tiffany jewelry?
- Tiffany boasts a huge foreign influence, and it’s doing really well in markets across the Asia Pacific, as well as a large part of Europe, and North America, hence more affordable prices.
- High-end product demand for Tiffany products even above $250 per item
- Heavy investment in supply chain
- Exquisite craftsmanship for jewelry
- Excellent finishes
- Durable jewelry that lasts a long time
- Excellent wedding and engagement ring settings
- The jewelry is expensive.
Is Tiffany jewelry a good “investment”?
Tiffany & Co is, without doubt, one of the companies that will go above and beyond to qualify and to certify all their gems, as well as their jewelry designs.
The processes used are all intended to ensure that the finishing and the design/ manufacturing processes used are at the highest level possible. All these processes and the brand name mean that each piece sold is marked up significantly. They also make use of the best quality diamonds and metals.
Unfortunately, Tiffany’s jewelry wouldn’t make for a good investment option/ opportunity because if you later plan to sell the jewelry, you will not get the same price you’d paid for.
So even though the gems you buy from Tiffany & Co is expensive and it will retain its value over time, you won’t get what you paid for, which means that Jewelry by Tiffany is not exactly a good investment.
The resale value for Tiffany jewelry drops significantly to as low as 30% – 70% what you bought the jewelry for. Therefore, Tiffany Jewelry is not (and is never) a good investment.
So, if you are buying jewelry from Tiffany, you should only buy it for the pure pleasure of wearing high-end luxury jewelry. But, you will always be able to sell the Tiffany jewelry in case you need to.
Jewelry will always be worth more when there is a big brand tied to it, and though Tiffany’s jewelry might not be the most valuable or one with the highest resale value, the fact that you are buying Tiffany’s jewelry means that you are buying a big, enviable brand.
So, if you can afford it and don’t mind the high mark-up attached to each piece to cover the marketing and overhead costs, then Tiffany & Co might be the best kind of jewelry for you to buy.
See you guys in the next post!