Baubles, Bangles and Beads: How to Save Money When Buying Jewelry

buying loose diamondsJewelry with precious metals and stones are always a good investment, as they keep (and even increase in) value over time. Almost everybody has trinkets they love to wear and flaunt in different occasions. The ladies have their trusty gold necklace and pearl earrings adorned with diamonds, while the gentlemen have their watches to compliment any outfit.

Buying jewelry, however, can be expensive whether you’re talking about gold, diamonds, other precious gems and metals, or custom pieces. Even if you’re only planning to buy these as an accessory, you’ll need a bit of effort and research to save on jewelry shopping.

To help you out, here are some tips that can save you money the next time you go on a jewelry shopping spree.

Avoid Full-Price Retail

If you’re in the market for diamond, gold, or platinum jewelry, it’s best to check several jewelers and stores near you and online. Instead of buying a regular-priced diamond ring, you will probably save more if you buy wholesale loose diamonds. This also gives you the option to customize your jewelry piece and create a more personal wedding ring, necklace, or whatever piece you plan to make. You can also find bargains for authentic pieces through sales and special deals.

Look for Trade-Ins

A number of online jewelry shops and wholesale jewelry brokers allow you to sell or trade your old, broken, or out-of-style gold, silver, and other jewelry pieces for cash. You can then use this money to pay for new pieces.

Consider Used Jewelry

If you’re not too picky, consider buying used jewelries instead of new ones. The money you save can then be used to restore and refurbish the old pieces. You can buy an old ring and necklace, and use the leftover money from your budget to buy loose diamonds at wholesale prices. Use this to make your own custom ornaments and give new life to the old piece.

Diamonds and jewelries don’t always have to be a girl’s best friend and a man’s worst enemy. With the right strategy and a bit of luck, you can find authentic and elegant pieces at very affordable prices.