Is Your Jewellery Really Worth as Much as You Think?

When consider which piece of jewellery to wear, do you consider the actual value of the piece? I don’t mean the actual price you payed for it, but what the actual value of each item if you were to sell it right now.

There are a number of factors that you need to take into account, this makes finding that magic number alot harder. You have to remember though that when you bought that lovely piece of silver jewellery, you payed the price that the shop was selling it for, which is not the price it’s worth.

When buying jewellery from a store, you have to pay the mark up that the store puts on to make a profit, plus the manufacturers fee that they charged the store for the item. This figure is not easy to come by, but what’s even harder to come across is the mark up that the manufacturer puts on the product. The manufacturer will put their own mark up onto the item to make sure they make a profit on it.

Due to the jewellery mark ups, you never end up paying to actual value of the item, so how do you know what it’s true value is? The main factor to look at when trying to value your jewellery is the value of the actual materials that are used to make it. Say you have some silver gemstone jewellery or silver pendants. You can weigh the precious metals and once you have obtained the weight, you can find the current value of that metal to find out how much it’s worth. Jewels and other materials on the jewellery will affect the price, if you are unsure of how to value jewels, a local jeweller can value them for you.

Once you find the actual value of the raw materials, it will come as a shock because the scrap metal value will only be around 15% of the price you payed for the piece. However, there are a range of other factors that will have an effect on the value.

Some other factors that need to be considered, one being sentimental value, this will increase the value you think the jewellery is worth. The manufacturer is also a factor that you need to take into account. If the manufacturer is famous or popular, this would add considerable value to your jewellery. This value can be hard to judge because the way the manufacturer gets known can come down to a number of ways, whether it’s the quality of work, or a celebrity wears the make of jewellery.

Overall, the value of your jewellery will be less than the original retail price, unless the manufacturer has gained any reputation that would increase the price. Unfoturenate but true, it’s the way the jewellery stores make their money.