#5237 Amethyst Pansy Pendant.
Today I read a report that two motivating factors in the purchase of diamonds are price and ethics. They were talking about lab-grown diamonds vs mined diamonds.
This got me thinking about the advantage of antique jewelry in general (not just diamonds) when we are looking at both price and ethics. Antique jewelry beats both modern lab-grown and modern mined stones hands down.
#5807. Pendant Brooch.
Firstly price. Why anyone would want something lab grown is beyond me. You could staple a slip of paper around your finger and call it a ring. It will cost you nothing and it is a ring. But there is a reason that you wear a valuable and beautiful gem. Lab-grown does not fit the bill (in my book). You are welcome to wear fake, but you could also go and buy bling and costume jewelry and have even more bang for your buck, if that's your sole motivation. They don't give away lab-grown diamonds. Right now, the going rate for a ct sold by De Beers is $800.00 I wonder how much it will be in another year or two, when the Chinese factories go back to mass production.
OK, I get it. You want to look the same as all the 'rich' people who wear the real thing (or do they?). Well, you can wear the genuine article, even better and more beautiful, when you wear antique jewelry. So, when it is price that you consider, consider the best.
A Parisienne once explained to me that he was taught "we are not rich enough to buy anything but the best". Again, when you buy fake, you are throwing out your hard-earned greenies, but when you buy antique, you are making a sound investment.
#4979. Sapphire Necklace.
Many people, even personal friends of mine thought they were making great bargains when they bought their jewelry. When I see it, I shudder. I hope they are enjoying it because when the time comes to selling it, they will be in for a rude shock. Nobody wants it. They will be lucky to get a percent of melt value.
It is an agreed-upon prediction that over the next few years, a lot of estate jewelry will come onto the market as the Baby Boomers start leaving this world. It is also agreed that the majority of this enormous stash is going to the melting pot. Nobody wants it.
On the other hand, it has also become apparrent recently that there is very little really exciting antique jewelry out there to be found. When you find it, you have to pay ever higher prices. I've recently been contacted by a number of antique jewelry dealers in a flap because their traditional sources of antique jewelry seem to have dried up. Duh!!! I've been saying for a while: antique jewelry is getting scarce.
People who invested in good antique jewels, have seen it go up and up in value. Right now, you usually can't find good antique jewelry and when you do, the prices are higher than ever. But think of it this way: Antique jewelry is the one thing that the Chinese can NOT make.
Next week we will look at the same topic from the perspective of ethics.
#5270. Antique Diamond Necklace.