Why selling pre-loved Tiffany Jewellery during an Economic Downturn (or in this case Coronavirus) makes absolute sense

www.catherinetrentonjewellery.com/collections/all

My husband and I are currently house hunting.  We want to upsize for a family home as our little boy is growing.  At the beginning of this year we were bright eyed and bushy tailed visiting all the open homes and having our Saturday's filled with appointments. Then Coronavirus hit. 

We have never experienced anything more strange then the effect Coronavirus had on the property market.  When it happened we literally saw a flick of a switch.  At first there was a flurry of panicked sellers, and then the lock down happened.  No open homes and no auctions.  All of a sudden there was barely anything available to buy. 

We all know what happened next, the devastating consequences of the shut down of all non essential businesses.  The already weakened housing market impacted by no open homes was further affected by the banks tightening lending on small businesses and the lines growing outside Centrelink.  We are feeling and seeing the effect of the house prices falling around us.  Where open homes used to be filled with people and multiple offers being made on homes, buyers have just disappeared. 

They are either savvy investors who know more than us and are waiting for the market to bottom out or maybe they've just simply lost their job. 

It seems that unless a property sells for a good discount, nothing is selling.  The result is obvious, less people are wanting to sell their homes.

Now oddly (or maybe not so oddly) I see this same fear seeping into people who were looking to sell pre-loved jewellery.  Before Coronavirus I would get emailed every day with people looking to sell.  Now for the first time ever I have more buyers contacting me than sellers.  Also sellers who had contacted me before Coronavirus are saying, 'I should be able to get more if we wait for Coronavirus to pass'.

This is where I truly need to state the difference of the pre-loved market of jewellery and the rest of the economy. 

Pre-Loved jewellery attracts people looking to save money.  This has always been a fundamental benefit of buying pre-loved jewellery.  It is for people wanting to get an amazing piece of jewellery that would otherwise be out of reach if purchased brand new. 

In an economy that leaves people with less money than before, either from having to go on Job Seeker/Keeper, losing money via the share market or falling house prices, the demand for pre-loved jewellery is actually increasing.

This is what we hope our sellers understand.  This is an opportunity for both buyers and sellers to benefit.  We can assure you our offers are the same before and after the Coronavirus. If the economy takes a further hit, we can also assure you our offers will also be the same.

The benefits of buying pre-loved are now even more apparent then ever when savings can be put towards other essential items. If you are looking to sell you have an opportunity to liquidate some assets that may otherwise sit unworn and unused in a drawer and potentially put that towards an investment that can truly grow in value.  

So if you are looking to sell a second hand piece of Tiffany & Co. Diamond Jewellery, a pre-loved Tiffany Engagement Ring or any other Tiffany & Co. Platinum or Gold jewellery this is an opportunity for both buyers and sellers to benefit. So do contact us, as now is a great time to sell.  

If you are looking to sell a piece of second hand Tiffany Diamond, Gold or Platinum Jewellery, please contact us at info@catherinetrentonjewellery.com

Catherine Trenton Jewellery

"We are an established boutique organisation specialising in pre-loved diamond designer jewellery from Tiffany & Co. and other luxury brands.

As experts in this niche trade we work hard to provide a safe and simple environment for buying and selling pre-loved fine diamond jewellery online.

We have also recently introduced our own line of fine jewellery as well.

Whether you are buying or selling a piece of fine diamond designer jewellery, we aim to provide you with the best outcome possible.

You can visit our store here."


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