When it comes to investing in luxury goods, one question that often arises is whether or not the item will hold its value. One brand that has gained popularity in recent years for its timeless and iconic designs is Hermes.
But does Hermes jewelry hold value? Let’s take a closer look.
What is Hermes Jewelry?
Hermes is a French luxury brand that was founded in 1837 by Thierry Hermes. The brand initially started as a saddlery business but later expanded into other luxury goods such as clothing, accessories, and jewelry. Hermes jewelry is known for its exquisite craftsmanship, attention to detail, and timeless designs.
The Value of Hermes Jewelry
One of the factors that contribute to the value of Hermes jewelry is the brand’s reputation for quality and craftsmanship. Each piece of jewelry is handcrafted by skilled artisans using only the finest materials such as gold, diamonds, and precious stones. This level of attention to detail and quality makes Hermes jewelry highly desirable among collectors.
Another factor that contributes to the value of Hermes jewelry is its exclusivity. The brand produces a limited number of pieces each year which makes them rare and highly sought after among collectors. Additionally, some pieces are only available through special order which further adds to their exclusivity.
The Resale Value of Hermes Jewelry
While many luxury goods tend to lose value over time, Hermes jewelry has proven to hold its value well. In fact, some pieces have even appreciated in value over time due to their rarity and desirability among collectors.
One example of this is the iconic Hermes Collier de Chien bracelet which was first introduced in the 1940s. Today, vintage versions of this bracelet can sell for thousands of dollars at auction.
Another example is the Hermes Kelly watch which was introduced in 1993. The watch features a unique lock mechanism inspired by the brand’s iconic Kelly bag. Today, the watch is highly sought after among collectors and can sell for upwards of $10,000.
Conclusion
In conclusion, Hermes jewelry is not only a beautiful addition to any collection but also a valuable investment. The brand’s reputation for quality and craftsmanship, exclusivity, and rarity make Hermes jewelry highly desirable among collectors. And while the initial cost may be high, the potential for appreciation in value over time makes it a worthwhile investment for those who can afford it.