Is the glass half full? Many of you may know that in the jewelry world, prices are skyrocketing. Numerous factors contribute to these increases.
Gold Prices Soar Ever Higher
One overarching element is the price of gold. For perspective, just a year ago, prices for gold hovered around $2900 an ounce. Today, prices are averaging around $5100 an ounce. That is 175% increase in just one year!
Staggering, as during this last year, the gold market experienced the largest single day gain ever and combined with insane percentage increases only rivalled once in history dating back in 1979, or 47 years ago.
What is Behind Gold Prices
What is driving all this gold fervor? Commodity forces are mind boggling in their complexity. World economies, political and geopolitical crises, war, inflation, supply, demand, market sentiment, and a host of other factors determine gold and precious metal commodities.
This is great news and presents some challenging factors for new purchases.
But the sun is shining on you, because your currently gold and fine jewelry is worth much more, oh so much more!
How is The Three Graces Helping?
We are a trusted resource to advise you about selling your gold, or buying your gold. Maybe consulting with us to upgrade to something that is au courant, chic, and that you will wear, adore, and treasure.
Gold sitting in drawers and safe deposit boxes are missed opportunities and most clients tell us, just weigh heavily on the mind and soul.
So don't hesitate to contact us about selling your old gold. It can be a challenge to sell given the market is flooded with more people than ever liquidating their out-of-date, unworn, gold and platinum jewelry.
Our Collections for Sale - Keeping it Real
We are also striving to find you value in a tight market and present jewelry that maintains authenticity, workmanship, condition, and aesthetics without too much sticker shock. But, as conditions continue alongside this trajectory, our prices have and will continue to rise. Working harder to keep things affordable is what we have done since 2002.
Gold is Still Being Scooped Up
Overall, how are customers and clients responding to these rising prices? The opposite of what you might think. I can tell you that vintage and antique gold jewelry is being bought like hotcakes with no end in sight. Not just from us, but across a broad range of dealers, jewelry stores, online shops, Instagrammers, and others.
The Future
If only each of us had the handy crystal ball.
Another positive point is there seems to be no stopping the value of gold, so buying today may still mean a solid investment and a strong commodity and precious resources to hold and cherish. Passing along valuable heirlooms to future generations links us to family and friends in tangible way. And take heart, those at 20 years of age may not appreciate something 100 years old. But in 20 years, they will! Educating them slowly over time works; exposure is key.
Scarcity has long come into play in terms of finding fine antique jewelry. The frenzy of collecting over the last 30 plus years means most are in the hands of private individuals who wear and enjoy these treasures. Less comes back into the marketplace.
But the glass half full mentality means there are always superlative pieces out their ranging from the wear it every day, to the jaw dropping.
Take heart, the rising price of jewelry and gold solidifies its value, unlike that fancy dishwasher.
So don't hesitate to contact us about selling your old gold.
Important Disclaimer
Remember, The Three Graces cannot foresee the future, and makes no guarantee about antique and vintage jewelry prices in years to come. We do not guarantee antique jewelry as an investment. But looking at diamonds, gold and jewelry values and prices historically, over the long term, they have only increased dramatically.