Yes, I do, I keep track of each item in my Quicken personal finance software. I don't buy costume jewelry so anything I buy is going to be worth more than a few dollars and goes into a separate account titled Jewelry. In the memo section, I put the item specifics. Makes it easy to see when exactly I bought each piece and how much it cost. I keep the physical receipts and other stuff in a separate file like Oliver does as well.
Jewelry investment!
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Yes, I do, I keep track of each item in my Quicken personal finance software. I don't buy costume jewelry so anything I buy is going to be worth more than a few dollars and goes into a separate account titled Jewelry. In the memo section, I put the item specifics. Makes it easy to see when exactly I bought each piece and how much it cost. I keep the physical receipts and other stuff in a separate file like Oliver does as well.
Hey there! this is a great discussion. Thank you for starting it
I do keep tabs on the value of the items I have purchased but for only one reason - insurance. I make sure I have a spreadsheet with the total amount so I know how much to cover for my home and contents and if I want to individually insure a piece.
I have only "made" money on one item where I could realise capital gains if I wanted too. I bought a fancy vivid blue diamond ring (I had the option of purchasing a fancy vivid bluey green too) before the boom of coloured diamonds. I paid next to nothing for it, as it wasn't high demand. I got it revalued for 5x the price I paid, and its original valuation. After I bought my blue, the green one stayed on the market for an extra 2-3 years before it sold.
Kicking myself for not getting the green diamond as well. Both were naturally mined diamonds with no colour treatments or enhancements (which is rare for blue diamonds).
I do keep tabs on the value of the items I have purchased but for only one reason - insurance. I make sure I have a spreadsheet with the total amount so I know how much to cover for my home and contents and if I want to individually insure a piece.
I have only "made" money on one item where I could realise capital gains if I wanted too. I bought a fancy vivid blue diamond ring (I had the option of purchasing a fancy vivid bluey green too) before the boom of coloured diamonds. I paid next to nothing for it, as it wasn't high demand. I got it revalued for 5x the price I paid, and its original valuation. After I bought my blue, the green one stayed on the market for an extra 2-3 years before it sold.
Kicking myself for not getting the green diamond as well. Both were naturally mined diamonds with no colour treatments or enhancements (which is rare for blue diamonds).
Yes, thank you for this question Roriegirl. I guess a spinoff question would be, 'What is the most you have spent on jewelry?'
That is considered a personal question for most if not all of us.
Most of us can tell how much someone spent on a designer bag, shoes or clothing, but it can sometimes be hard to value jewelry unless you actually have it in your hand or you are a jeweler trained in the profession.
Jewelry also is something that I seem to lose more frequently than I do other designer goods, so I am not too upset when I lose a piece of jewelry because of the few dollars I have spent on it.
So far I have never had any stolen, but I don't wear my jewelry out, yet. I have the reasons and occasions I am "saving" it for. Right now, to me it is a collection, a hobby, a new interest, I don't see myself as of yet selling it, so I don't forsee it as an investment.
It is like a gentleman said to me when someone stole a toy out of his cart, 'Sometimes you win some and sometimes you lose some.' I know I would be heartbroken to lose or have a piece stolen, but I didn't pay that much to acquire the piece which is missing.
My pearl in the hand I have shown to SHB, the only one I can find similar to it is 18 kt, mine is 14kt.
http://anthonylent.com/necklaces/pearl-in-hand-pendant
Still, I am sure it is worth more than the $3 I was charged that day I bought it from the flea market from a vendor who sells wares from abandoned storage units.
And the 14 kt gold men's bracelet I got for my SO is probably worth more than the $1.50 I paid at the thrift store. I found it at the bottom of the bin.
That is considered a personal question for most if not all of us.
Most of us can tell how much someone spent on a designer bag, shoes or clothing, but it can sometimes be hard to value jewelry unless you actually have it in your hand or you are a jeweler trained in the profession.
Jewelry also is something that I seem to lose more frequently than I do other designer goods, so I am not too upset when I lose a piece of jewelry because of the few dollars I have spent on it.
So far I have never had any stolen, but I don't wear my jewelry out, yet. I have the reasons and occasions I am "saving" it for. Right now, to me it is a collection, a hobby, a new interest, I don't see myself as of yet selling it, so I don't forsee it as an investment.
It is like a gentleman said to me when someone stole a toy out of his cart, 'Sometimes you win some and sometimes you lose some.' I know I would be heartbroken to lose or have a piece stolen, but I didn't pay that much to acquire the piece which is missing.
My pearl in the hand I have shown to SHB, the only one I can find similar to it is 18 kt, mine is 14kt.
http://anthonylent.com/necklaces/pearl-in-hand-pendant
Still, I am sure it is worth more than the $3 I was charged that day I bought it from the flea market from a vendor who sells wares from abandoned storage units.
And the 14 kt gold men's bracelet I got for my SO is probably worth more than the $1.50 I paid at the thrift store. I found it at the bottom of the bin.
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