How does jewelry preserve wealth during a crisis?

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BRANDVOICE

Alexander Belov   Contributor

How does jewelry preserve wealth during a crisis?

Over the past 10-12 years, the world has been on the verge of a new economic crisis. The changes caused by the COVID-19 pandemic are affecting the business of so many people, companies and countries, hurting important economic indicators. Despite the fact that many governments are trying to support citizens and businesses by depleting reserves and printing money, it has become clear to almost everyone that we will face difficult times.

And one of the main goals of a responsible person in such a difficult period is to preserve capital. Many well-known and influential businessmen, whose names are known all over the world, agree on one thing: the most valuable assets are those that are always in high demand, but whose number is limited. Precious metals, gems, luxury accessories, art objects and jewelry are always in price, for thousands of years of the existence of human civilization. In fact, European countries started using paper money as a means of payment only about 300-400 years ago.

However, real assets have not lost their relevance, and on the contrary, they are becoming more and more in demand during any economic crisis. Over the past time, precious metals, especially gold, have grown in value. In addition, amid the quarantine crisis, demand for luxury watches from Patek Philippe, Rolex, Audemars Piguet, and other luxury accessories increased, in some cases provoking a rise in the price of 30% or more. There are also significantly more people who want to buy gems than a few years ago. And the demand for rubies, sapphires, and emeralds is especially fueled by the shutdown of the largest mines for their extraction.

If you are a beginner in this area but would like to add assets that have been proven for millennia to your investment portfolio, it will be useful for you to get to know the personality of Nikita Aleksandrovich Sherman, the founder of the elite pawnshop “Rublev” from Moscow. After graduating from the Gemological Institute of America in Israel, where the best and most experienced jewelers taught the art of valuing jewelry, the entrepreneur gained experience at the Israel Diamond Exchange and went to the capital of Russia.

Nikita Sherman and his team are true professionals in buying, selling, appraising, and searching for luxury items. His company “Rublev” works with precious metals, jewelry, art objects, and luxury Swiss watches, while the main profile of the company is large gems (diamonds, emeralds, rubies, and sapphires).

We solve several customer problems. You can buy luxury jewelry, watches, paintings, antiques from us and use them as collateral. That is, we act not only as a store but also as a financial institution similar to a bank. In addition, many people in Russia are accustomed to the fact that exclusive things can only be found in a pawnshop.  — Nikita Sherman comments on the decision to open a pawnshop.

The main services of "Rublev":

  • Appraisal, pledge, and purchase of diamonds, rubies, sapphires, watches, jewelry, antiques, and art objects;
  • Sale of gems, watches, jewelry, antiques, and art objects;
  • Watch pawnshop;
  • Jewelry pawnshop;
  •  Lombard of art objects;
  • Pawnshop of gold;
  • Gemological laboratory;
  • Maintenance and repair of Swiss watches;
  • Rhodium plating, ultrasonic cleaning, jewelry polishing;
  • Selection of watches, jewelry, paintings, and accessories for a gift;

On the basis of an elite pawnshop, there is a thrift store where you can buy large gems, which are excellent for long-term investment and preservation of capital. Also available for purchase are original Swiss watches of the brands Rolex, Patek Philippe, Breguet, jewelry, gold and more. The impeccable reputation of “Rublev” is evidenced by the regular participation of the pawnshop as a partner at many high-profile events in Russia and European countries.

Now, in times that precede a serious economic crisis, it is necessary to take care of investments in safe assets. Therefore, "Rublev" helps its clients to purchase large gems, precious metals, originals of paintings by famous artists, and luxury accessories, which have an excellent property to preserve and increase their value over the years.

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Alexander Belov   Contributor

Alexander Belov is a writer specialized in Blockchain and decentralized finance field. In 2020 he was included in the list of the top 30 most Influential People In Blockchain Industry by Hackernoon.