I once had a customer offer me a very low price for a David Webb piece of jewelry. His logic was this: "Well, there is 5.6 grams of 18k gold, a 1 carat diamond, 2 carats of sapphire, and another 2 carats of tourmaline. So, the value is only $x based on the price of those components." I replied, "Would you value an original Van Gogh the same way? There is the cost of the paint used, the cost of the paint brush, the cost of the wooden frame, etc?" Of course, no one would.
In the same way, fine jewelry is more than just the sum of its parts - it is a testament to the designer's skill, creativity, and expertise. The value of fine jewelry is derived from many factors, including the rarity and quality of the gemstones and precious metals used, the intricacy and skill of the design work, the time and effort put into creating each piece, and the exclusivity of the item. One of the most significant factors contributing to the value of fine jewelry is the design work. A skilled designer, like a skilled painter, can take a simple gemstone and turn it into a work of art, incorporating it into a unique and striking piece of jewelry that speaks to the wearer's personal style and taste. The designer's expertise and creativity are evident in every detail, from the way the gemstones are set to the overall design of the piece. Another important factor in the value of fine jewelry is the labor that goes into creating each piece. Creating fine jewelry is a time-intensive process that requires a great deal of skill and expertise. From selecting the perfect gemstones to shaping and polishing them, every step of the process requires a steady hand and an eye for detail. This level of craftsmanship is reflected in the final product, which is not only beautiful but also durable and long-lasting. Exclusivity is also a key factor in the value of fine jewelry. Many high-end jewelry designers create limited edition pieces, making each item a unique and exclusive work of art. The rarity and exclusivity of these pieces only add to their value and appeal, making them highly sought after by collectors and connoisseurs. At Karats Auctions, you can be sure that we take time to hand-select high quality, unique pieces so that you aren't just bidding on a gemstone and the gold it sits in, but a wearable work of art that you will treasure for a lifetime! See our current offerings and bid at www.KaratsAuctions.com
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AuthorJames Egge is the Owner of Karats Auctions, a member of the IGS (International Gem Society), and a member of the MAA (Minnesota Auctioneer's Association). Archives
May 2024
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