Do you buy high-end jewelry? Would you?

[Anonymous]

I'm having trouble feeling like it's OK to splurge after all the years of saving and investing. We're in a great financial position but I don't know when it's fine to just buy something so expensive simply because of desire. It isn't necessary but I would like to have the extra large Juste un Clou bracelet from Cartier.

Do you buy high-end jewelry and how do you justify the expense?

[Anonymous]

That's a beautiful piece. I haven't purchased anything in that range, but Cartier is a brand with some resale value, which is something that I do keep in mind when I buy jewelry.

It looks heavy. Once I bought a big Tiffany Atlas ring - but after wearing it a bit, I found it to be too big to be comfortable, so it sits in my jewelry box. If you plan to wear it regularly, you might want to make sure it feels okay.

It's difficult to justify. Here's something though - it won't depreciate to zero like a boat or a sports car.

And if you ever need to bribe someone at a border or something to save your life, it's a very portable asset.

[Anonymous]

nope.

[Anonymous]

Anonymous wrote:That's a beautiful piece. I haven't purchased anything in that range, but Cartier is a brand with some resale value, which is something that I do keep in mind when I buy jewelry.

It looks heavy. Once I bought a big Tiffany Atlas ring - but after wearing it a bit, I found it to be too big to be comfortable, so it sits in my jewelry box. If you plan to wear it regularly, you might want to make sure it feels okay.

It's difficult to justify. Here's something though - it won't depreciate to zero like a boat or a sports car.

And if you ever need to bribe someone at a border or something to save your life, it's a very portable asset.

Thanks for the response. My husband also just says to do it. He said the same thing about resale value. The price has actually gone UP since I first thought about buying it!

I tried it on and yes, it is heavy.

Very good point about the bribery. I do like my adventures

[Anonymous]

I have bought expensive jewelry, not quite in the Cartier range though. I've maxed out at about $2,000 for something (Yurman). I haven't done it for several years now. I did it pre-kids when I had more cash. Based on your post, I don't think that you splurge often. If you can afford it, go for it.

[Anonymous]

I bought in the $2000 range at Tiffany's and plan to do it again. I don't regret it for a second. No, it's not in the range you are discussing, by I was a PhD student back then so it was probably relatively less affordable. Justifications:

1) it retains significant portion of its value
2) virtually no expense to maintain (like a vacation home)
3) i can give it to my daughters so it will remind them of me
4) it's very portable, as somebody mentioned
5) i love wearing it, it makes every outfit better

I don't plan to purchase much jewelry but whatever I do purchase will be high end (Tiffany's, Cartier, Rolex and such) so that my daughters are likely to be interested in it.

[Anonymous]

Anonymous wrote:I bought in the $2000 range at Tiffany's and plan to do it again. I don't regret it for a second. No, it's not in the range you are discussing, by I was a PhD student back then so it was probably relatively less affordable. Justifications:

1) it retains significant portion of its value
2) virtually no expense to maintain (like a vacation home)
3) i can give it to my daughters so it will remind them of me
4) it's very portable, as somebody mentioned
5) i love wearing it, it makes every outfit better

I don't plan to purchase much jewelry but whatever I do purchase will be high end (Tiffany's, Cartier, Rolex and such) so that my daughters are likely to be interested in it.

Fantastic approach to it. I hadn't considered that its a splurge that doesn't have the same maintenance costs of a second home or even another car (which I don't want).

[Anonymous]

I don't think it is elegant enough to justify the $40,000 cost.

[Anonymous]

I wear a rolex watch.

[Anonymous]

Anonymous wrote:I don't think it is elegant enough to justify the $40,000 cost.

It has edge and I like it.

The question is mostly about how people justify these sort of expensive purchases

[Anonymous]

Can you post a link and the cost?

[Anonymous]

Anonymous wrote:

I don't plan to purchase much jewelry but whatever I do purchase will be high end (Tiffany's, Cartier, Rolex and such) so that my daughters are likely to be interested in it.

and you teach your daughters that brands rather than sentimental value is what is important. great.... (sigh...)

[Anonymous]

Maybe, but I certainly wouldn't buy the piece you're thinking of unless you can melt it down in 2 years and make it something else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I don't plan to purchase much jewelry but whatever I do purchase will be high end (Tiffany's, Cartier, Rolex and such) so that my daughters are likely to be interested in it.

and you teach your daughters that brands rather than sentimental value is what is important. great.... (sigh...)

Huh?

What's she's clearly saying is that she plans to buy high end or "investment" pieces. Not that her daughters wouldn't want whatever it is she gave them.

[Anonymous]

Probably not, but if I did, I'd go to a jewelers and have them custom make something for me. I wouldn't buy some status brand name piece.