Current Events > I would like to get into the jewelry commodity hobby, any tips?

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I am nearly at 100 oz of silver. Very fun, but I can't lie, I would like to expand slightly. Unfortunately, gold is out of the question, but I do think jewelry has much more options for collecting purposes. The only issue is that there are a lot more factors to jewelry than what there is for silver. I am being told that diamonds are good as they maintain value well, but I do recognize that jewelry has a chance of quite heavy depreciation over its initial value. With that said, I would imagine there might be more value out of purchasing through the used market than the retailers since retailers are going to add large premiums to their goods for profitability.

The truth about jewelry is that it typically involves multiple pieces of commodities (I'm not talking in the sense of alloys where a metal will be made of two types of metals), such as a ring involving the quality of the metal used to make it, as well as the gem (most likely diamond) that is a part of it. Diamonds alone have quite a few variables in determining the value of one, and that makes it a very intimidating venture.

I don't mind having a commodity that doesn't really gain much in value over time (beyond keeping up with inflation, of course), but I do mind buying a piece of jewelry, and it immediately loses 50% of its value, and it never makes that up.

KanWan posted...

Not something Im into lol

I prefer collecting regular gem stones like Opal and Rose Quartz and the like. Theyre much prettier to look at, though I can understand having a physical commodity that doesnt depreciate in value. I think Id get into super vintage items.. watches, guitars and stuff like that if I was going to actually diversify my portfolio lol.

Vintage items are cool, but for some, such as guitars, the issue starts to become space. Silver and gems are easy to keep in a box, not taking up too much room. Plus, I imagine there's more upkeep in those items than there is for natural metals.

And yeah, there are quite a few gems that are, unfortunately, not worth what kid me thought they should be, lol.