Why Seniors Should Still Invest in Jewellery

While we undergo many physical changes as we age, the desire to purchase jewellery doesn’t often diminish—and for seniors, investing in high-quality pieces can still bring immense joy and pleasure.

But on top of the feeling of pleasure of buying a dazzling gemstone you can wear, there are also economic and practical reasons why people should consider investing in jewellery. Especially for the folks well past their golden years.

Without further ado, here are a few reasons why seniors should invest in jewellery.

1) It Can Be Passed Down as an Heirloom

Unlike stock options or cryptocurrency stuck in a cold wallet, jewellery is a tangible item that can be appreciated regardless of how well you manage your finances.

Not only do you get to enjoy the jewellery while it’s in your possession, but it can also be passed down to younger generations, who can enjoy and cherish it for decades.

Many people even own jewellery pieces that have been passed down for centuries, which helps heaps in increasing their sentimental value.

Whether it is a diamond ring bought for an engagement, or a necklace given to commemorate a special achievement, owning a jewellery piece can give your children and their grandchildren the opportunity to keep their ancestral heritage alive.

2) It Can Be Worn on Special Occasions

There’s no better way to flaunt your impeccable taste than by wearing a special piece of jewellery for weddings, special occasions, or other celebrations.

Jewellery is an excellent way to show your style. It sends a subtle but clear message to the world that you are a person of sophistication and taste. Moreover, it will make people remember you for your elegance and fashion sense.

Unlike your stock portfolio which is often tucked away or managed privately by your broker, you can show off your jewellery with ease. And, let’s face it, who doesn’t want to look their best on a special night out?

3) It’s a Timeless Investment

Jewellery can be an excellent way to store your wealth, especially if you’re looking for something that won’t get affected by market forces.

The reason for this is because of their sheer durability. Some engagement rings, for instance, can last a lifetime. That said, you’ll have to be picky with what you find in the jewellery shop to ensure you get a good piece, so reading a guide like this one can help save you from buying a worse-quality item.

Authentic pieces of jewellery are known to retain their value over time—so if you purchase a piece of jewellery today and keep it in a good state, you’ll be able to get back what you paid for it, or more, when it’s time to sell.

In addition, investing in the right pieces of jewellery can even earn you a nice profit. Fine jewellery items usually appreciate value over time due to their rarity and craftsmanship, so if you’re looking to diversify your current portfolio, don’t forget to include some of these wearable gems as well.

4) Jewellery Is Made Out of High-Value Gemstones

Jade, opal, quartz, topaz, turquoise, ruby, diamond, sapphire. These are just a few of the gemstones used in jewellery making.

These gems have been around for centuries, and they remain highly valuable commodities today due to their rarity and exquisite beauty.

Investing in jewellery made out of these precious stones can give you a lasting collection that’s worth a lot more than its purchase price.

These gemstones can also be used as collateral for loans, or be sold for a profit if you find yourself in a financial pinch.

For seniors, this can be an excellent way to keep your net worth high while also having some beautiful and natural gemstones in your possession.

5) It’s a Great Way to Show Your Personality

Jewellery, like fashion, is a great way to express who you are. You don’t have to resign yourself to a life of simplicity and conformity in your older years. You can still make bold statements with your jewellery.

From asymmetrical earrings to simple pendants and rings, you can show off your individuality by wearing pieces that are unique to you. A lot of these jewellery pieces may have even been with you for decades, and they can serve as a precious keepsake from all the wonderful moments of your life.

6) It Can Be Culturally Significant

For many people, jewellery isn’t just an item that you can use to dress up your outfit. Jewellery culture and symbolism are a worldwide phenomenon, and they can be highly significant to some cultures.

In India, for instance, women wear certain jewellery pieces to symbolise that they are married. Some jewellery like a talisman can be culturally significant in certain regions as they serve as a means of protection from evil.

The value of your jewellery can also be derived from its cultural significance, so if you’re holding an item that has deep cultural underpinnings associated with it, holding onto it can be a financially wise decision.