Going for Gold
You may be aware that the price of gold has rocketed in recent months and this has had a significant impact on the antique jewellery market. In fact, 18ct yellow gold is currently more expensive than platinum! If you have inherited any gold jewellery or have bought some as an investment, here’s how it could affect you:
Increased Valuation: The intrinsic value of antique jewellery often includes a significant amount of gold. As gold prices rise, the market value of gold antique jewellery increases, making them more attractive to collectors and investors.
Investment Appeal: Antique jewellery, already valued for its historical and aesthetic significance, gains additional appeal as an investment. High gold prices make owning a tangible asset that appreciates over time more attractive.
Market Dynamics: Dealers and auction houses might see increased activity as sellers look to capitalise on higher gold prices. This could lead to more frequent auctions and private sales, with a heightened interest in high-value pieces.
Preservation vs. Profit: Owners of antique jewellery may be tempted to sell their pieces to take advantage of the high gold prices. However, the decision to sell is often balanced against the desire to preserve these items for their historical and sentimental value.
Demand for Authenticity: As the value of antique jewellery rises, the demand for professional authentication and appraisal services increases. Buyers and sellers alike seek assurance that they are dealing with genuine and accurately valued items.
As a result of the gold price increase, there is a lot more variety coming onto the market which allows a jewellery collector to be more choosy about condition and quality. Buying the best you can buy at the time will really help build a solid future collection.
Originally published in the Purbeck Gazette on 15th August 2024.
