Another change - not for the better!

Any jewellery I’ve ever bought has been because I liked it. Whether it’s been a brooch from a department store, a pair of Diamonique earrings or a bespoke solid silver ring from a local independent jeweller. I’ve been gifted a few pieces of jewellery and I love these for the sentimental value. I think the most expensive item I own is a gold cross which was a gift from my godmother when I was a child and that was valued a couple of years ago for £85 (real value not for insurance).

JanCherry1 said:

But I don't want to sell my jewellery I do my research before buying sorry for those who don't.

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Er....this makes no sense. So how can you possibly know that the pieces are supposedly "worth more than you paid"? What "research" can be done when you are seeing the piece on a TV/computer screen before buying it ? Or do you get them home and rush the piece to a jeweller who is happy to keep valuing your pieces for free, and probably gives you a verbal valuation only (if it's a free one) for insurance purposes? As mentioned several times, if it's valued for insurance then it does not represent what you could expect to get for the item if you sold it - you are likely to get much less, sometimes a third or less of what the insurance valuation is.

Please do tell - or are you going by what the TV presenter told you? Well, they would say that, wouldn't they?

As said before, I actually think it's quite possible you might be in for a shock if you do try to sell, but you're obviously convinced you're right.

JanCherry1 said:

But I don't want to sell my jewellery I do my research before buying sorry for those who don't.

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Going on what I've just read on the Ryedale auction post you would be extremely lucky to get anywhere near your money back. Gemporia make the profit not the customers.

Battiola73 said:

Any jewellery I’ve ever bought has been because I liked it. Whether it’s been a brooch from a department store, a pair of Diamonique earrings or a bespoke solid silver ring from a local independent jeweller. I’ve been gifted a few pieces of jewellery and I love these for the sentimental value. I think the most expensive item I own is a gold cross which was a gift from my godmother when I was a child and that was valued a couple of years ago for £85 (real value not for insurance).

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Absolutely agree. The only criteria is if you love it and can afford it. Jewellery (unless something exceptional/rare but bought for a song or gifted) is not a guaranteed investment. Like you, I have handed down gold and silver family pieces that I love, but wouldn't expect a windfall from any of them.

I always remind people of what Steve Bennett himself said years ago. He clearly stated that they sell on potential value and not actual value and there’s the rub.

JanCherry1 said:

Every piece I've ever bought from Gemporia was genuine and worth more than I paid.

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Good, I am glad you are happy. My personal opinion is that you are somewhat deluded - unless you are mistaking insurance value for worth - but you are entitled to voice your opinion, as we are.

Ostrichkeeper said:

I always remind people of what Steve Bennett himself said years ago. He clearly stated that they sell on potential value and not actual value and there’s the rub.

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If they sold on actual value, they'd have been out of business years ago because they wouldn't have been making a profit on any items.

It always makes me laugh when idiots like Lindsey Carr say "we should have sold this at £199 - but today only, we're doing it for £99".

If you had something that was supposedly worth £199, unless you're completely nuts, would you sell it for £99 instead? Especially if you were the owner of a business that has had to make redundancies and close channels because of financial problems.....................

'Yeah, we've had to make redundancies, close a channel and sack the CEO - but who cares about all that - out of the goodness of our hearts, we'll risk further financial problems and not bother making any profit on it, just so that you, our friends in their living rooms, can get this for half its value just for sh*ts and giggles because we're nice like that.'

Yeah righto, sounds totally believable and convincing.........