If you’ve made a jewellery purchase more than 5 years ago then you need to read this article. Why? Simply because your jewellery is not worth what it did prior to the year 2007, but don’t get scared it’s actually worth more.With the advent of the cash for gold phenomenon I’ve been frequently asked this very popular question; “What is my jewellery worth?”
Appraisals, valuations or estimates of jewellery can be very complicated but my aim here is to simplify the topic of value. You may be surprised to know that your jewellery can have many different values depending on the purpose for which the value is being determined. Let’s look at 3 separate scenarios where the value of your jewellery may significantly differ.
Whether in Barbados, Jamaica, Antigua, the USA , you name it there is a huge appetite for gold. Why is everyone going crazy over this yellow metal? Well since the crash of the stock market in 2008 investors have fled to “safe haven assets” like treasury notes, oil, gold and other precious metals. However gold has outperformed all other assets in this class given the heavy demand for the precious metal which peaked around US$1,900.00. per ounce in 2011. Wow! From around US$600.00 in 2007 to US$1,900.00 in 2011, that’s phenomenal! The monetary policies implemented by the US Government, demand for gold by China, global economic uncertainty and the love for gold in India have all given rise to the price of gold.