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Style and beauty

Tiffany.....do their pieces rise in value?

15 replies

ilikecooking · 21/08/2013 18:01

Does anyone know please?

I have been offered the chance to buy an unwanted gift from a friend at £1500 that cost £5100 a year ago. I don't like it as a piece so it would purely be an investment unless I have it made into something else.

Thankyou.

OP posts:

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Karbea · 21/08/2013 19:09

I don't know about Tiffany specifically but...

I know there isn't really a market for 2nd hand jewellery, I have an old engagement ring that if I sold it would be worth a 5th of the price my ex husband paid for it 14years ago. However from an insurance point of view other pieces I have I know now would cost more to replace new than when I got them originally as the value of metal and stones has increased.

I definitely wouldn't buy a piece I wouldn'twear.

Good quality Watches on the other hand do increase In value.

borraxohastaelalmanacer · 21/08/2013 20:05

I personally wouldn't buy it if I wouldn't wear it and enjoy it myself. Tiffany jewellery is (IMO) over-priced for what it actually is (and I say this as someone who owns and loves quite a few items from there) - just because your friend paid that much for it, doesn't really mean that I wa ever truly worth anything like that price and the resale value is likely to be significantly lower.
The high volume of fake Tiffany jewellery available also means that you may struggle to find a buyer willing to pay a good price for it.
Unless it was a watch or a loose stone, it's not something I would consider.

mrscumberbatch · 21/08/2013 20:10

I'm a vintage dealer. There's a MASSIVE market for 2nd hand jewellery.

Unfortunately if you were to sell jewellery for scrap price then it isn't worth much (ie: 9ct gold prob about £10 a gram.) BUT if you had a piece that was interesting, rare or collectable then you can command a good price for it.

Tiffany is fickle. Old Tiffany=collectable. New Tiffany= Not so much. It's iconic, but a real gamble as to whether you would see any return from it. If the piece genuinely cost £5k then £1.5k is a great selling price. Why not look on Ebay to see if anyone is selling the same thing and see what they're getting for their items? If I bought a piece for £1.5k with a current RRP of £5k I'd have no problems shifting it for about £3k.

Even if you bought it and sold it for £2k that's still £500 that you didn't have to start with.

Are you sure it's genuine though? The fact that your friend isn't selling it herself is ringing alarm bells with me.

wickedwitchNE · 21/08/2013 20:19

Can you research the piece any further? I love Tiffany jewellery but think the majority of it devalues as soon as its worn once - relatively easy to get hold of, over-priced, and plenty of fakes. Some of the more special pieces however, especially classic Tiffany, would be a good investment. Unless you had a decent knowledge of the market I would avoid tbh.

mrscumberbatch · 21/08/2013 20:23

If you know what it is, or can identify it on a website- sling me a link- either on here or via PM and I'll give you my tuppence worth. Obviously it's not gospel, it's just an opinion!

noisytoys · 21/08/2013 20:25

I have a few Tiffany bits - a Return to Tiffany necklace and a 1837 ring, both bought new so I know they are genuine. I tried to take them to cash converters when I couldn't afford food but they wouldn't take them because they are silver and they only deal with gold (even though they are worth a lot more than the cheap gold they do take)

QueenCadbury · 21/08/2013 20:31

If it does rise in value why is your friend selling it for such a low price to you when surely she could get more than or equal to what she paid for it?

Lizzylou · 21/08/2013 20:38

I am with QueenCadbury here?
Why is your friend selling it so cheaply if it could appreciate in value?

ilikecooking · 21/08/2013 21:05

It was an engagement ring....but he was shagging around and now she just wants shot of it immediately, she wants nothing to do with the idiot.

Thankyou for your replies - I don't know anything about 2nd hand jewellery.

OP posts:

Lizzylou · 21/08/2013 21:13

Aah, well understandable that she wants rid!
Poor her.
Why don't you like it? If it was a classic design that won't date, I think I would go for it.
BUT, I think the kindest thing would be to try and get your friend to sell it. Or sell it for her and give her the cash?
She's had a bad time.

Bonsoir · 21/08/2013 21:14

No.

ilikecooking · 21/08/2013 21:15

Yeah I had thought about that....I was thinking of selling it and giving her any extra it had made. X

OP posts:

mrscumberbatch · 21/08/2013 21:30

That's lovely OP.

QueenCadbury · 21/08/2013 21:58

Yep, sell it for her and then both go for a great night out with the proceeds

mycatlikestwiglets · 22/08/2013 09:21

The value will rise in line with inflation for insurance purposes, so in one sense the replacement value will go up (in line with the fact that if you were buying the equivalent new, prices tend to go up year on year). On the second hand market, however, it's likely to be worth less than its original price, but definitely not the mark down that your friend has suggested.

If it was originally over £5k it's likely to be very desirable so I'd agree with other posters that you should be able to get your friend a decent return on it.

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