This month saw a very successful auction held at Gorringes auction house. Two sales were made that experts saw as an indication that the nation is finally climbing out of recession and an end to our financial troubles may be in sight.
The two items that attracted the most attention were an 18ct gold necklace that sold for an impressive £12,000 and a limited edition Cartier 18ct gold Santos wristwatch encrusted with diamonds that sold for £6,000. Although this may not seem like anything special as items of jewellery often sell for these prices at auction, experts see these sales as an indication that the market for jewellery is still extremely strong, possibly heralding a foreseeable end to the recession.
These sales are also an indication of the fact that luxury jewellery and watches still represent a sound financial investment. With items such as Cartier watches and gold necklaces changing hands for these sums of money then this is a clear indication that these items are maintaining their value, showing that the market for this is strong.
With luxury watches and jewellery either retaining or increasing in value then it seems that now is a good a time as any to invest in these items. If you can afford these luxury goods then they are excellent investments, particularly limited edition and collectible watches that are likely to experience a significant increase in value. Even if items don’t increase in value then you can take confidence in the fact that they managed to maintain their value even through the global recession.