We saw this image on social media this week, and have been thinking about it a lot. While Amazon.com, Target.com and BlueNile.com are excellent sites and have their role in modern retail, local businesses have websites, too.
What's It Worth by Jeff Hess
It pleases us to offer for sale this week – as well as for informational purposes – this extraordinary pair of items. The top photo (and inset) is a Tiffany & Co. approximately 15.5 carat total weight, 7-plus-inches-long platinum diamond bracelet. This stunning art deco design has survived almost one hundred years in excellent condition, because it was housed in its original box. There are 7 larger stones, approximately 1 carat each; and 200 smaller diamonds.
Jewelers from across the country are a pretty tight-knit group, thanks to trade shows, trade associations and shared interests. And when the internet came along, it further tightened our community ties – and we love to trade!
What's It Worth? Driving It Off The Lot
Tampa Bay Times
Many people use the phrase, “It will lose 30 percent when you drive it off the lot” in reference to buying not just cars, but jewelry, watches, pianos, and fine art from galleries as well. And indeed, because of retail markups, many of these, when sold at auction within one year of purchase, can’t possibly achieve the purchase price.
Today’s column will highlight one of our trusted longtime employees, an accomplished Graduate Gemologist – Darren Delgado – who is delighted that we are opening a new store in his original Tampa neighborhood. He grew up just a stone’s throw away from our new store on Swann Avenue. He went to grade school there and has deep Tampa roots. His father worked on the corner of Swann and Howard for over 25 years.
Everyone has underperforming assets – items that are unused or unwanted that aren’t doing any good sitting in drawers, at the bank or in your closet. In the case of watches, they might be deteriorating. With gold so high during these uncertain times, consider us when turning your underperforming assets into the cash that you could use to invest, go on vacation or pay bills. Katrina Hess is a nationally known graduate gemologist and founder of the GIA Alumni Association, and the Hesses are well known nationally.
Brooches have fallen out of favor during the past few years. Women often see them as gaudy. The ones who like them think that a simple costume jewelry brooch will do. But the common complaints about the fine gold versions are that they are “too heavy, and they ruin my blouse with their pins and mess up the drape of my outfit.”
But brooches are seeing a bit of a renaissance right now, surprisingly being worn by ... men! Most notably Adam Lambert, John Legend and Timothée Chalamet have been seen with oversized diamond brooches on their lapels.
When gold value reaches historic levels the margin among retail evaluations gets confused because of a myriad of market conditions.
We bought the three 18-karat, 20-karat and platinum purses from a Manhattan antiques dealer for $42,000, which is 1 percent under scrap value. The first purse has over 3 carats of diamonds and small sapphires in an elephant body. The elephant turns to unlock the purse. It weighs 7.22 Troy ounces. The plain purse (bottom right) weighs 8.8 Troy ounces and the large ruby-, diamond-and sapphire-encrusted purse (bottom left) weighs 8 Troy oz.
Everyone talks about the Rolex Daytona (A), like the stainless steel one pictured here, which we paid $100,000 for last year.
However, Longines, unlike today, was a true innovator in the 1930s and ’40s, and some designs like this chronograph (B) bring big dollars even in stainless steel. We paid $16,000 for this one (B) because of the unusual Longines movement, the blocky case and the military issue, even though it is missing parts.
Modern Longines chronograph watches bring $500 to $3,000, but those created before the 1950s can bring $10,000 to $30,000 in stainless steel!