As soon as you drive a new car off the lot, it automatically decreases in value. Second-hand designer clothes will never cost as much as new ones. And that shiny new laptop you just bought? You’ll never break even if you sell it. Most possessions will reliably decrease in value over time – but fine jewelry is different.
Like fine wine, jewelry tends to age well. Although the value of precious metals fluctuates over time—and even from one day to the next—gold jewelry often increases in value. Its value depends on factors like its purity and sometimes its color, as well as external factors like the strength of the U.S. dollar (a weaker dollar drives up the price of gold) and the current demand. Please visit F. Silverman Jewelers for the finest selection of gold jewelry in Upper Saddle River, NJ.
What to know about the purity of gold
One major factor that will affect how valuable your gold currently is and how it might increase over time is the karat, which is not to be confused with carat. Karat refers to the purity of a precious metal such as gold, whereas carat refers to the weight of a diamond or other gemstone. If your gold jewelry features gemstones, you should consider both the karat and the carat.
Karat represents the percentage of the purity of the gold. If your gold jewelry is 24k, it’s 100% pure—the most valuable. 18k gold jewelry is 75% gold, and 14k gold jewelry is 58.3%. If you’re thinking of buying gold jewelry primarily as an investment, then you’ll want to choose 24k because that can yield the most return on your investment. However, 24k gold jewelry is less common than 18k and 14k because it’s relatively soft and not durable. That’s why it’s typically blended with other metals. If you’d like to wear your investment jewelry, it’s best to choose pieces made with an alloy, such as 18k gold.
How the color of the gold may affect its value
You may notice that there are different shades of gold jewelry. Here’s a quick look:
- Yellow gold – This is the most common type of gold. However, note that just because a piece of jewelry is yellow does not necessarily mean that it is pure gold.
- Rose gold – Jewelry made from rose gold has a lovely pinkish hue.
- Green gold – Green gold is rare, and you won’t often see it in jewelry shops. It’s usually made in labs.
- White gold – White gold looks almost like silver, but it’s brighter and is more durable.
Yellow and rose gold are generally priced similarly. Although rose gold may become more or less popular over time, it depends on the latest trends and demand. If rose gold is currently trendy, pieces made with it may be worth a little more.
Green gold is very pricey and may increase in value more than yellow or rose. White gold is somewhat more expensive than yellow and rose– it was prevalent during the 1990s. Since white gold features rhodium plating to lend it greater durability, the rhodium plating will add greater value. However, its value will decrease if the rhodium plating is in poor condition, as it does tend to wear down over time.
Shop our exquisite gold jewelry in Upper Saddle River, NJ
Gold jewelry is a beautiful and reliable investment. You can grow your fine jewelry collection when you stop by F. Silverman Jewelers in Woodcliff Lake. Our extensive collection of gold jewelry in Bergen County includes pieces by top-name designers.
Explore our gold bracelets, gold earrings, gold necklaces, pendants, rings, and men’s jewelry today. We also offer jewelry repair services and custom jewelry design.
FAQs
Most possessions will reliably decrease in value over time – but fine jewelry is different. Like fine wine, jewelry tends to age well. Although the value of precious metals fluctuates over time—and even from one day to the next—gold jewelry often increases in value.
Does gold jewelry increase in value? ›
Yes, gold jewelry has been known to increase in value over time. As gold is a universal currency, its value remains stable even during economic crises.
Does 14K gold increase in value? ›
Over time, gold has shown a steady appreciation in value, making 14k gold jewelry a potentially rewarding long-term investment. Historical trends demonstrate that the price of gold tends to rise, which could increase the worth of your jewelry over the years.
Does jewellery increase in value? ›
FAQs About Jewellery. A newly purchased jewellery item will instantly depreciate by thirty per cent in value as soon as it is acquired. An antique jewellery item will increase in value over time if it is uncommon, the first of its kind, and if it is adorned with precious stones. It does take a few years.
How much should I expect to get for my gold jewelry? ›
However, you can generally expect to get between 50% and 90% of the current gold price for your jewelry. If your jewelry is older or has historical significance, you may be able to get even more for it.
Is it worth it to sell gold jewelry right now? ›
The market price is reasonable and will continue to rise throughout the year. This means a significant chance of earning lots of money by selling some of your old gold items. Secondly, getting cash for gold lets, you liquify your assets and have access to more money.
Should I keep my gold or sell it? ›
Gold is considered an inflation hedge, and if you think inflation has already tempered or will be soon, that might prompt you to sell your gold investment. This could be especially true if you increased your gold allocation relative to other assets due to recent conditions.
How much should I sell my 14k gold necklace for? ›
As a general guideline, expect to get 55 to 75 percent of the total gold value (assuming the piece is in good shape). So, if your necklace contains about $420 worth of gold, a fair offer would be $231 to $315. Another way to calculate it is to reduce the per-gram value by 25-45 percent.
How much can I sell a 14k gold bracelet for? ›
By multiplying the weight of the bracelet in grams by the current price per gram of 14k gold, you can arrive at an estimated value. As of February 2024, the current price per gram of 14-karat gold is $36.12. So if you have a gold bracelet weighing 5 grams then expect a price of $180.60.
How much can I sell a 14k gold ring for? ›
Since the price of gold is currently $2,013/ounce (April 18, 2023), that would make the value of your ring $167. This means that: 14k gold wedding bands (2-10 grams) are worth between $83 and $414. 18k gold wedding bands (2-10 grams) are worth between $106 and $533.
There are three main events in the calendar that drive jewelry sales: the Holidays season, Valentine's Day, and Mother's Day. This is not the case when re-selling diamonds to diamond buyers, however. Diamond buyers are looking to add to their stock every day throughout the year.
What jewelry does not lose value? ›
Gold and platinum are very stable in value, even diamonds or luxurious colored gemstones hardly lose value. Simply put, the more expensive the precious metal, the higher the value of a piece of jewelry. Gold in all shades (yellow gold, white gold or red gold) and platinum are best.
Does old jewelry increase in value? ›
While its age may increase its value, due to scarcity and demand, the reality is that its condition may have deteriorated. Of course this is dependent on how the jewelry has been looked after. The better the condition of your antique jewelry, the higher resale price it will fetch.
Who pays the most for my gold? ›
Not all buyers are equal, and to maximize your offer, finding and working with a reputable, trustworthy, and experienced team can minimize common pitfalls and issues sellers might experience. We can confidently say that Cash For Gold USA is the #1 place to get a fair market offer for gold and jewelry online.
What is a fair markup for gold jewelry? ›
What is a typical markup on gold jewelry? The markup on gold jewelry can vary widely depending on various factors, but it is typically between 100% and 400%. This means that the retail price of the jewelry is two to four times the cost of the materials and labor involved in making the jewelry.
How much should you be paying for 14K gold? ›
Is gold jewelry a good investment? ›
Gold jewellery can be thought of as a good financial investment due to its ability to hold value and remain pretty sturdy against inflation as well as changes in the economy. It's a currency that doesn't falter too much in terms of its value.
Does gold really increase value? ›
The price of gold has grown consistently throughout history. That said, gold's value can dip from time to time, but over the long term, the value of gold has historically increased.
Will gold increase in value over time? ›
With the strong structural bull case for gold remaining intact, J.P. Morgan has upgraded its gold price targets for this year and 2025. Gold prices are expected to climb to $2,500/oz by the end of 2024, according to J.P. Morgan Research estimates.
Does gold really hold value? ›
Gold is valuable due to its rarity, durability, and historical significance as a medium of exchange and store of value. It tends to hold its value during economic turbulence, and investors appreciate its potential for a safe haven. It is also used in jewelry and electronics, so there are some real-world uses of gold.
