Connect with us

Headlines

Jewelry Overtakes Classic Cars As a Favorite Luxury Investment

mm

Published

on

Prices have risen 4% over the past year.

Jewelry is now more popular than classic cars as a luxury investment, a new report finds.

Classic cars have dropped to the No. 6 in the Knight Frank Luxury Investment Index, which monitors price growth of 10 luxury investment classes. For several years, such cars had led the pack, but in the year that ended in the second quarter of 2017, their average price rose by only 2 percent, according to Knight Frank.

Jewelry now claims the No. 5 spot in the index, with prices climbing 4 percent over the same period.

Over the past decade, jewelry prices have increased 142 percent, according to Knight Frank.

“While pearls are still the top performer (+282% across the last decade), their growth is starting to level out and more modern jewellery, especially pieces from the Belle Époque/Art Deco era, are starting to set the pace (+93% across the last decade),” the company writes.

Wine landed at No. 1 on the index, with average prices showing a 25 percent increase. 

Advertisement

On the whole, the index has climbed 5 percent over the past year.

“Jewelry continues to capture the imagination of wealthy collectors and is a genuine investment of passion,” says Andrew Shirley, who compiled the index, “offering not only great pleasure to its owner, but also, as novelist Barbara Taylor Braford points out in the report, acting as a highly mobile store of wealth.”

The report includes interviews with Taylor on her love of jewelry and with Susan Abeles, head of jewelry, Bonhams US, on jewelry trends.

Click here for the report.

 

 

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular