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Are you considering investing in your own heirloom-worthy jewelry collection?
Brilliant move.
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.
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.
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