Where the Money Is

Written by: Andrew Fabrikant

In recent months I have found that clients have become more introspective and are thinking through what is they would like to achieve financially with the sale of their jewelry.

For many raising the most money while still feeling comfortable with their timing of the sale is critical.

The trick to raising the most amount of money is to sell solitaire diamonds.  Engagement rings that were inherited, left over from a divorce or from a current marriage are the pieces of jewelry we are all most emotionally attached to. They are also the best source of money in today’s market.

Usually the most expensive item in a woman’s jewelry collection are larger single diamonds that are rarer and thus more valuable.

Market conditions are great for gold, not great for common everyday items, but perfect for diamonds over 1 carat.  Diamonds are being used traditionally for engagement and wedding anniversary’s, as well as investment and for estate management purposes.

The timing of any market is tricky.  In the last few years diamonds have gone up between 10% and 25% each year.  Wholesale asking prices dropped 5% almost across the entire spectrum of the diamond world in the middle of 2011 and have since recovered indicating that the top of the market may have been reached or even exceeded.

This leveling off is usually a great time to sell jewelry.  Investors will tell you that if you can notice the first signs of a flattening out or a decline after riding the positive trend it is a good time to sell.