Jewelry prices have gone up as quickly as the price of precious metals. Some are looking at jewelry as an investment. When compared to other purchases which only last a few years and lose value over time, jewelry is a wise purchase. The price of gold has gone up an amazing 26 percent since January of this year.
Nancy Schuring, owner of Devon Fine Jewelry in Wyckoff, N.J., said, “The rise in gold prices raises the value of all the jewelry people already own. This is an affirmation that, ‘Hey, I bought something and it got more expensive.'”