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Tag Archives: valuables
No one wants to consider the unthinkable – like theft, damage or loss – happening to a prized possession, but the reality is that these things happen. Whether you own fine art, jewelry, antiques or even classic cars, having a current appraisal is an important component of collection care.
An appraisal is an opinion or statement of value. It provides the necessary documentation to substantiate the existence, condition and value of your collection. An appraisal can serve to inform a sale or a donation of a collectible item or help settle an estate. It will also help ensure that a valuable item is insured to its current replacement value, thereby providing protection against market fluctuations and value loss. Continue reading
January is here and so are New Year’s Resolutions! Whether or not you have set any new goals, this is a great time of year to review your collection management practices. To help you get started, here are five tips, as well as some resources to help you put your plans into action. Continue reading
Most people go to Las Vegas to try their luck at the slot machines and take in a show. When my colleague and I make our annual pilgrimage to Sin City, it’s to surround ourselves with the most gorgeous jewelry in the world. From June 5th to June 8th, JCK hosts its annual jeweler’s wholesale show, where jewelry store owners and major department store buyers converge to see and buy the latest jewelry trends. Over 2,000 vendors showcase loose gemstones, watches, finished pieces of jewelry, and everything the jewelry trade needs to create and sell their merchandise. Continue reading
Spring is a busy season for the art fair scene. If you’re among the collectors making plans to consign art to a gallery exhibiting at a fair, you’re in good company. The global art market rose to $45 billion in … Continue reading
With $27 billion worth of art sold during 2015 in the U.S., it’s clear many Americans are increasingly turning to fine art for both personal and financial benefit. But regardless of whether collectors are making an investment or passion-based purchase, there are a number of risks to consider. Continue reading
As the broader retail industry continues to experience an uptick in e-commerce sales, the jewelry segment is no exception. In fact, by 2020, online fine jewelry and fashion jewelry sales will capture 10% and 15% of the market, respectively. While … Continue reading
So, what can high-net-worth (HNW) individuals do to protect their fine jewelry? To start, take the time to learn proper jewelry safety and care. For example, while it may be tempting to store jewelry in the bedroom, the safest place is in a secure home safe (or even better, a bank vault). The same goes when traveling. If staying at a hotel, always store jewelry in the hotel’s main vault—not in the room’s safe. Additionally, never wear your valuable jewels while lounging at the pool or at the local beach. Continue reading
With Valentine’s Day right around the corner, roughly half of all shoppers are just starting to search for what to buy their loved ones this holiday (another 10% will wait until February 13!). For many, jewelry will be their go-to gift of choice.
But as the saying goes, all that glitters is not gold. Especially if you’re one of the last-minute shoppers looking to make a quick jewelry purchase, failure to ask the right questions or do the appropriate pre-purchase research could invite a wide range of risks. Continue reading
For decades, high-net-worth individuals have made emotional investments in fine jewelry. However, times are changing and fine jewelry is being pursued for another reason—its skyrocketing value. Whether you purchase a rare diamond in a vivid color or inherit a family … Continue reading