Why Tiffany Jewelry Holds its Value
Perhaps one of the most recognizable brands in the world, Tiffany Jewelry, and the iconic blue box is truly one of a kind. Just a glimpse of the box and you already know that a beautiful piece of jewelry awaits you inside. From beautiful diamond rings to the iconic charm bracelet this brand truly captures the essence of luxurious well-crafted jewelry. While Tiffany jewelry makes a great accessory it also holds value. Here’s why.
Tiffany Jewelry resale value is higher than average for many reasons pertaining to the reputation of the company and the quality with which they make their pieces. Let’s take a closer look at the Tiffany Jewelry brand, why it resells for more money than average, and how you can use this information to sell your own jewelry on the market today.
The History of Tiffany & Co Jewelry
Tiffany and Company was founded in 1837 and has always had an intense focus on selling the highest quality and most durable jewelry on the market. They’ve maintained a consistent and mostly unchanging philosophy toward jewelry which has helped them maintain their place atop the totem pole of the jewelry world throughout the last couple of centuries.
Tiffany and Co. is a part of an elite group of jewelers who use their unique craftsmanship and brand reputation to improve their product. They also engrave the jewelry they make with the name of the jewelry house on the underside of the pieces they make, or inside the ring if applicable. This type of jewelry is simply called “signed jewelry” and has been practiced since the mid-nineteenth century.
There are rings from Tiffany and Co. with visible and clear engravings dating all the way back to the 1870s! Tiffany and Co. rarely let individual crafters sign their names to the jewelry, though exceptions have been made on rare occasions for artisans like Jean Schlumberger and Paloma Picasso. This rich history influences the modern Tiffany resale value in a positive way.
Tiffany Jewelry Resale Value: Why Tiffany Jewelry Holds Its Value
- A Handpicked Team: The GIA, or Gemological Institute of America holds buyers and sellers of jewelry to a high standard, but Tiffany holds itself to an even higher standard. They have their own handpicked team of experts who observe and analyze quality regularly.
- Sustainability: Tiffany uses sustainable practices to pick out, mold, and sell their rings, which increases the value in the long run. They mine their precious metals from countries all over the world, such as Australia, Russia, and Botswana.
- Superior Cuts: Many elements go into a cut of diamond or another piece of jewelry, and Tiffany and Co. promise only the highest standards when cutting their diamonds. They guarantee they’re a literal cut above the competition no matter the piece, price, or time of year.
- Refusal to Buy Back: Once Tiffany and Co. cut a diamond and sell it, they refuse to buy it back from their customers. This practice arises from their confidence in their product and raises Tiffany’s secondary market value of current diamonds and other jewelry cuts already on the market.
Selling Your Tiffany Jewelry
When selling your Tiffany jewelry prepare for the sale by gathering any documentation you may have and any items that came with the original purchase like a box, dust bag, etc. Carefully clean and polish your piece of jewelry so it is ready to be evaluated upon presentation. You can also have the piece certified and appraised by independent appraisers to get a more accurate understanding of how much your piece is worth. However, it is important to note the appraisal value is not the same as the resale value.
Finally, it is important to thoroughly research your selling options and sell to a reputable buyer to ensure you get a fair price for your item. A reputable diamond buyer works exclusively in the diamond buying industry and will have the most knowledge when it comes to the current diamond market and resale value.