When buying discount jewelry, it is essential to keep some factors in mind. If these factors are not accounted for, the purchase may end up being worth a lot less than bargained for.
The Real Deal
It should go without saying that the most important factor is to ensure that the discount jewelry is, in fact, the real thing. Look for authentication codes on precious metals. For example, silver that is sterling silver will have a 925 mark etched on it meaning that it is 92.5% pure. Gold should have a number which relates to the karats (999 is 24 karats which is 99.9% pure).
To authenticate a gemstone, it is best to take it to a jeweler. There are certain aspects that the jeweler will look for such as the feel of the stone, the malleability, the clarity and whether it has an authentication number laser etched somewhere. Unfortunately, specialized equipment and knowledge is required to do this. However, an expert will not only ensure that the jewelry is real but provide a value for the stone.
When buying antique jewelry at a discount price, look for Hallmarks. Hallmarks can be any symbol or number appearing on the jewelry. In some cases, the jeweler’s name will also appear which is even better for authentication reasons.
Where To Buy
It is highly recommended to buy jewelry at an authentic jewelry store. If budget is a consideration, it may be best to wait until a retail store has a special offer or discounts certain jewelry items. This is a good means of ensuring that the item retains it’s value while costing less.
Wholesale jewelry outlets offer items at lower prices as there is no markup that would be added by the jewelry store. For secondhand items, it is preferable to buy from a dealer or individual who will allow authentication or provide authentication before purchase.
Online purchases are not recommended unless through sites that provide a money back guarantee. It is also important to ensure that authentication is provided for online purchases, whether through an online jewelry store, dealer or individual.
While precious metals and gemstones may increase in value over time, more often than not jewelry items will decrease in value. Most secondhand jewelry buyers will only pay for the amount of precious metal in the jewelry item and then melt it down. Others may pay for the entire item for resale at a much lower cost than it is actually worth in order to make a profit off the resale.
When having jewelry authenticated professionally, it is important for the expert to provide an estimated value for the entire piece. Keep in mind that factors like the jewelry designer, antiquity and style of the piece may affect the total value.
When buying jewelry at a discounted rate, knowledge is key. Be informed regarding the different markings and factors affecting the value of gemstones before making a purchase and get greater value for the money that is spent.