High-end watches – like fine jewelry – are more than just attractive compliments to outfits. They hold tremendous value, and are genuine investments. Depending on what your vintage Rolex is made of, it could be time to sell your Rolex for some extra cash. Your decision process likely relies on a variety of factors. How often you like to wear the watch, or if it holds some kind of sentimental value for you undoubtedly will play a role. There is no definitive answer as to whether or not now is the time to sell your watch, but here are a few reasons why now is a good time to do so.
The Value of Precious Metals
Naturally, there are two contrasting opinions on the future value of precious metals. Gold and silver have been been steadily rising for the last three months, except for a slight downturn at the end of 2018. On the one hand, precious metals could suffer with the rest of the economy if there’s a economic downturn. On the other hand, their values could increase if nervous investors decide to put their money into gold and silver. As with any investments, there are no guarantees one way or another. However, with gold and silver at 3-month highs (and both well above their January 2016 lows) and a recession looming, it’s a reasonable assumption that now is a good time to sell luxury watches in Atlanta.
Factors Determining Your Watch’s Value
First, you’ll need to know what kinds of precious metals make up your Rolex. Not all metals move up and down at the same time. While silver and gold are relatively analogous, platinum has follows its own pattern. Like the other, more common, precious metals, platinum has been peaking in recent weeks, it’s far removed in value from its heyday of a couple years ago. Also, does your watch have diamonds? If it does, the number, size, and quality of the diamonds will make a significant difference in determining your watch’s value. Finally, the rarity of the watch itself is important factor. It’s worth doing research to see how common your watch is. If it’s a particularly rare model, it can greatly increase your Rolex’s value. Even if you love your antique watch, and it holds some sentimental value, it’s hard to resist selling it if the prices of its metals are high, and it’s a rare Rolex that it extremely valuable.
A Broker You Can Trust
It’s worth taking the time to talk over the varying conditions that might lead you to sell your watch. Talking it over with an experienced jewelry broker can help clear up any misunderstandings you might have. Furthermore, they can answer any questions so you can decide for yourself whether you want to part with your watch or not.
While there are several Rolex buyers in Atlanta, at Elan Diamond Group we’re familiar with all of the different factors that go into selling a Rolex watch. Give us a call if you have any questions, and we’ll do whatever we can to to make the process of selling (or not selling) your vintage watch as easy as possible. Give us a call today!