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Investing
Investor's Corner
The emerging markets, in particular Russia, India and the Middle East, are becoming prominent collectors in the jewellery market. Russians alone accounted for 8% of Christie’s jewellery market in 2007, 20% when underbidders are included. Not only do they have the new found wealth, but also an appetite for jewellery and a tradition of jewels in their cultures. These collectors are also newcomers to a market where they are not familiar with the old prices, potentially opening themselves up to paying higher prices than more seasoned collectors. Geneva typically has catered to the trade, however, Sotheby’s estimates that 70% of their Geneva-based sales in late 2007/early 2008 were to private buyers – most of them new collectors.
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| Although there has historically been a demand for vintage jewellery that exceeds supply, causing substantial increases in value, there is no guarantee that this will be the case in the future. Demand for vintage jewellery of a particular type may be affected by regional or world trends and tastes. | |
