Are you considering investing in your own heirloom-worthy jewelry collection?
Building a jewelry collection that can be passed down through generations is a cherished tradition. That's why at Laurenti New York, our mission is to empower women and bring ethical and sustainable fine jewelry to the broader market. In this comprehensive guide, we will explore the wonders of diamonds and gold, their enduring value, and how young collectors should acquire and curate an heirloom-worthy jewelry collection.
The Enduring Value of Diamonds and Gold
Before dipping our toes into the collector's world of fine jewelry, it is essential to understand the value of our investments. Certainly, as diamonds and gold have been symbols of wealth and elegance for centuries, they continue to retain their value beyond the world of fine jewelry in today's financial markets.
In May 2022, Warren Buffett revealed that he made his largest investment ever with a $51 billion positioning into commodities. Precious metals are a valuable commodity that have been used for centuries as currency, jewelry, and so much more. Today, many investors consider precious metals a ‘safe haven’ in order to protect their money and ensure their financial future. From global pandemic and supply chain disruption to Russia's invasion of Ukraine, precious metals prove remarkably resilient in times of inflation and economic downturn.
Diamonds have been around since the fourth century BC. Every natural diamond is immensely old, formed long before dinosaurs roamed the earth. The youngest diamond is 900 million years old, and the oldest is 3.2 billion years old. As the stones made their way through different centuries, time periods, and cultures, unique myths, legends, and even superstitions were created and passed down.
Diamonds have indeed been regarded as a girl's best friend and with good reason. These radiant, brilliant gemstones have stood the test of time, capturing hearts with their timeless beauty. Diamonds have consistently held their value and even appreciated in worth (Buying at the right price of course!). Investing in a well-cut, high-quality diamond is not just a way to adorn yourself but also an investment that will stand the test of time.
Ways to buy diamonds and gold now
Buyers and collectors can go into a jeweler or retail store and purchase most precious metals. Especially for diamonds and gold, its value is recognized globally which can be easily transportable and storable compared to other commodities. Gold is indestructible, serving as a tangible long-term store of value. Plus, gold is highly liquid and when you are in need of cash, you can simply trade with any gold retailer at the spot gold price minus transaction fees. Nowadays, with the advent of online dealers, and marketplaces it is much easier to purchase high-quality diamonds and precious metals and have it shipped home.
Approaching the Value of Diamonds: Shifting Perspectives
As young collectors, we have the opportunity to redefine how we perceive the value of diamonds. It is crucial to think beyond the idea that diamonds are solely a status symbol or a measure of one's worth. Instead, let us appreciate diamonds for their history, craftsmanship, investment value and the emotions they invoke.
Choosing a diamond or fine jewelry piece that speaks to you is a personal and intimate experience. When acquiring a diamond or fine piece of jewelry, consider its unique beauty, the way it captures light, and how it makes you feel. By focusing on intrinsic qualities, we can create a heirloom-worthy collection that resonates with our tastes and individually, establishing a connection that goes beyond monetary value.
Building Your Heirloom-Worthy Jewelry Collection
Now that we understand the enduring value of diamonds and gold and the importance of shifting our perspective, let us embark on the exciting quest of acquiring our first jewelry pieces.
- Know Your Style: Before purchasing any jewelry, take some time to explore different styles and identify what resonates with you. Do you prefer classic elegance or bold and contemporary designs? Discovering your personal style will help you curate a collection that reflects your unique taste.
- Quality over Quantity - A collector's mindset: When it comes to building an heirloom-worthy jewelry collection, quality should always be prioritized over quantity. Look for pieces made with precious materials like gold or platinum.
- Seek Ethical and Sustainable Diamonds: Ethics and sustainability have become vital considerations for many young collectors. To ensure your jewelry collection supports these values, opt for diamonds that are ethically sourced and conflict-free. At Laurenti New York, we take pride in our commitment to ethical sourcing, ensuring that every diamond we offer is responsibly sourced and traceable to its origin.
- Embrace Timeless and Versatile Designs: While it's tempting to chase costume jewelry, it's essential to focus on timeless and versatile designs that will transcend fashion cycles. Classic designs like solitaire diamond studs, diamond tennis bracelets, or delicate pendant necklaces will always be in style, making them ideal additions to your heirloom collection.
- Consider Vintage and Antique Pieces: Adding vintage or antique pieces to your collection can infuse character and history into your jewelry. These pieces often have unique craftsmanship and stories to tell, making them truly one-of-a-kind. Visit antique stores or trusted online platforms like First Dibs or Ruby Lane specializing in vintage jewelry to find these hidden treasures.
- Learn About Gemstone Varieties: Gemstones offer a fantastic opportunity to diversify your collection. Explore a variety of gemstone options beyond diamonds, such as sapphires, rubies, emeralds, or even rarer stones like tanzanite. Knowledge about the properties and histories of gemstones will enrich your collection while offering a unique story behind each piece.
- Take Proper Care and Maintenance: To ensure the longevity of your heirloom pieces, it's crucial to take proper care and maintenance. Regularly clean your jewelry, store them in a jewelry box or individual protective pouches, and have them professionally inspected and serviced as needed. Following these practices will keep your collection looking beautiful and ready to be passed down to future generations.
- Seek Expert Advice: Seek guidance from reputable jewelers who can help you navigate the vast world of jewelry. They can provide insights on quality, authenticity, and ensure you make informed choices when adding new pieces to your collection.
- Start Small, Dream Big: Begin by investing in timeless essentials that can be effortlessly styled with different outfits. Classic pieces like diamond stud earrings, a delicate pendant necklace, or a simple gold bracelet are perfect foundation pieces for your collection.
- Cherish the Journey: Remember that building a great jewelry collection takes a lifetime, and it's essential to enjoy every step of the process. Each new piece represents a moment, a memory, and an expression of your personal journey as a collector.
Starting a jewelry collection as a young collector is an exhilarating adventure that allows us to explore the world of sophistication and self-expression. By understanding the value of diamonds and gold and shifting our perspectives, we can curate a collection that transcends trends and creates a legacy. Building an heirloom-worthy jewelry collection requires thoughtful consideration and investment that goes beyond trends. By focusing on quality, ethical sourcing, timeless designs, and embracing the beauty of vintage pieces and gemstones, young collectors can create a collection worthy of being passed down through generations. At Laurenti New York, we are committed to empowering women and providing ethical and sustainable diamonds and fine jewelry options so that everyone can build their own heirloom-worthy collection. Start your journey with us today and create a legacy that lasts a lifetime.