by WillyPete » 20 Apr 2010 09:00
Jewelry is simply a different form of precious metals; gold, silver, platinum, etc.
For purchasing, it's probably best to buy from an established dealer so that you can get documentation and provenance of the jewelry. Purchasing from an individual would set you up for potential scams.
In my travels, I have often been approached at rest stops by individuals attempting to sell me "gold" jewelry either because they just are trying to sell it or, most often, they claim they are in need of fuel or repair for their car and want to sell the "gold" to pay for the repairs or fuel. Those approaches start a very loud alarm with me and I never conduct business with them.
I have bought jewelry, for my wife not as a "hedge", from national chain retailers, local private retailers and one individual who deals exclusively with silver jewelry who has been in business at the same location for about as long as I have been alive. I have learned that he and the others are trustworthy so, i have purchased from them when I have a desire to buy my wife some more jewelry.
As far as gems goes, I'm not extremely familiar with gemstones except for the ones I have purchased as part of the jewelry gifted to my wife. Gems and jewels definitely have value but, can be faked or misrepresented if the purchaser is not familiar with them as an experienced gemologist or jeweler would be. One possible way of gaining an advantage would be to carry a jeweler's loupe with you to closely examine any gemstones you may be interested in purchasing. If the seller is a scrupulous dealer, they shouldn't have a problem with that. If they're a con artist they may get nervous and try to distract you or refuse to allow an examination. I don't know if this will actually work but, it's worth a try.
The type of gemstone also matters, some have more value than others, diamonds for instance.
Others do not have much value and could possibly be used in a scam, cubic zirconia for instance.
Others it just matters what they are and what the buyer wants; rubies, sapphires, opal, amethyst, etc.
This is where having sufficient knowledge of the subject, and/or documentation and provenance, can be your best assets in dealing with gemstones and jewelry in general.
Jewelry is simply a different form of precious metals; gold, silver, platinum, etc.
For purchasing, it's probably best to buy from an established dealer so that you can get documentation and provenance of the jewelry. Purchasing from an individual would set you up for potential scams.
In my travels, I have often been approached at rest stops by individuals attempting to sell me "gold" jewelry either because they just are trying to sell it or, most often, they claim they are in need of fuel or repair for their car and want to sell the "gold" to pay for the repairs or fuel. Those approaches start a very loud alarm with me and I never conduct business with them.
I have bought jewelry, for my wife not as a "hedge", from national chain retailers, local private retailers and one individual who deals exclusively with silver jewelry who has been in business at the same location for about as long as I have been alive. I have learned that he and the others are trustworthy so, i have purchased from them when I have a desire to buy my wife some more jewelry.
As far as gems goes, I'm not extremely familiar with gemstones except for the ones I have purchased as part of the jewelry gifted to my wife. Gems and jewels definitely have value but, can be faked or misrepresented if the purchaser is not familiar with them as an experienced gemologist or jeweler would be. One possible way of gaining an advantage would be to carry a jeweler's loupe with you to closely examine any gemstones you may be interested in purchasing. If the seller is a scrupulous dealer, they shouldn't have a problem with that. If they're a con artist they may get nervous and try to distract you or refuse to allow an examination. I don't know if this will actually work but, it's worth a try.
The type of gemstone also matters, some have more value than others, diamonds for instance.
Others do not have much value and could possibly be used in a scam, cubic zirconia for instance.
Others it just matters what they are and what the buyer wants; rubies, sapphires, opal, amethyst, etc.
This is where having sufficient knowledge of the subject, and/or documentation and provenance, can be your best assets in dealing with gemstones and jewelry in general.