Philadelphia-based Diamond Expert Reveals How to Make Money on Jewelry You No Longer Wear
The jewelry industry has changed dramatically in the last 20-plus years. Baby Boomers for the most part don't want or wear big fancy jewelry like their parents' generation. Philadelphia-based diamond expert and owner of D. Atlas Estates explains, "Jewelry is a tradable asset that can be used for college funding, cash or travel experiences," said Schiffman.
PHILADELPHIA, March 28, 2019 /PRNewswire-PRWeb/ -- Philadelphia-based diamond expert and owner of D. Atlas Estates, Steven Schiffman reports, "The jewelry industry has changed dramatically in the last 20-plus years. Baby Boomers for the most part don't want or wear big fancy jewelry like their parents' generation -- that celebrated the post-depression era by acquiring fine jewelry. And frankly, most people don't realize their jewelry is a tradable asset that can be used for college funding, cash or travel experiences," said Schiffman.
How many times have you passed by your jewelry box and thought – I really should do something with these items I don't wear? In a time of cutting back, clearing clutter and taking stock of what's been accumulated over the years – jewelry occasionally gets left behind. While fine jewelry often finds its way to beneficiaries, divorcees, and want-to-be world travelers – those recipients don't always value it the same way. So, how do you turn the jewels that once represented old personal attachments into new experiences or cash?
Less is More
Like the new popular Netflix's series, Tidying Up with Marie Kondo -- more and more pack rats want to unload their possessions and live a simpler clutter-free life.
Unlike Jewelry and Pawn Shop owner, Stanton Myerson, a.k.a., Pawn Boss, who sports his signature look consisting of a tailored double-breasted suit, bowtie and round glasses – the American population has gone radically casual. The "Pawn Boss" says, "Millennials are not fine-jewelry conscious consumers – they prefer fashion jewelry. The important jewelry is relegated to a certain few – the 50-plus market that live in Manhattan, LA, Miami or Chicago. Things that sell today are engagement rings, diamond stud earrings and fashion jewelry," per Pawn Boss, owner of the nation's oldest family-owned Pawn Shops, Lou's Loan, which has been around for nearly 100-years in Philadelphia.
Entrepreneur/Global Tour Operator of Iconic Journeys Worldwide, Jerry Sorkin, had unwanted jewelry to dispose of from a brief marriage. "There are so many sheisters out there, navigating the shenanigans and pitfalls can be tricky," says, Sorkin. I've known Steve for over 35 years and knew I could trust him to give me a fair value plus the process of selling the jewelry was easy.
How to Get a Fair Value on Buying/Selling Jewelry
As a long-time collector of antique watches, Michael Bianchini recently purchased a 1940s Patek Philippe watch from Steve, "I like to get a second pair of eyes on my fine jewelry purchases. I've done business with Steve for 40-years and value his knowledge, honesty and expert opinion," said Bianchini, owner of Delray-beach based Carousel Development and Restoration.
For more information and/or an evaluation of jewelry, visit: DAtlasEstates.com or email: [email protected] or call: (610) 245-3100.
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About D. Atlas Estates
D. Atlas & Co., Inc. started as an offshoot of D. Atlas, which was established in 1898 on Philadelphia's Jewelers Row. We have been involved in the estate jewelry trade since the early 1970s, and have helped generations sell their unwanted valuables with our expertise. https://youtu.be/ODv0SpyNjbI
About Steven Schiffman
A passionate educator, Schiffman shares his expertise in a new class, Bedazzled: A facts and facets primer on estate jewelry at Main Line School Night.
For over 40-years, Schiffman has been buying estate jewelry and diamonds from the trade and public, offering the best prices resulting from his strong network and knowledge. His philosophy is to pay more, sell for less and keep turning the inventory.
SOURCE D. Atlas Estates
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