Today I thought it would be great to take a deeper look into the world of rings. Not only what they mean sentimentally, but also how you can pick one that works to your advantage for many years to come and eventually becoming a high-value heirloom to hand down to your children. To help out with this post, I pulled in Jen from Abazias to help give a better look into the world of ring value:
Of course, when couples purchase their wedding bands, they’re focused on the sentimental value of the ring. It’s important to note, however, that precious metals like gold and platinum have an inherent market value that can steadily appreciate over time. In the case of gold, it also tends to be more resistant to losing value during bad financial cycles, making it a way to store wealth. Platinum is showing increases in value as its uses and popularity increases also. Even bridal made with silver can increase in value as the actual spot price of silver increases. Whether a couple wants traditional gold wedding bands or opts for a more modern platinum look, it will add to their household value as the years go by, and eventually makes for a great heirloom to be passed down.
Another area that can help cement household wealth is precious stones. Diamonds have always had an intrinsic market value, as well as a well-known romantic value. What may not be as well known is the fact that the cache of some fancy colored diamonds is limited, so prices are almost guaranteed to rise substantially as the supply dwindles later. Pink colored diamonds are a recent addition to the jewelry market place, but offer a great value in that they are relatively inexpensive now compared to what they might end up being later.
Whether you’re choosing jewelry for yourself or your bridal party, the fact that it is genuine, gold, silver, or platinum allows the opportunity for the value to potentially appreciate over time. Platinum pieces with fancy colored diamonds may seem expensive now, but they’re only likely to increase in value later. Learning how to not only get the designs and styles you love, but also making them a vehicle for wealth preservation, is a smart way to start out your married life together.