Investments don’t need to be boring and practical to be worthwhile. Some of the most interesting and stylish luxury investments are well worth looking into if you want an alternative to stocks and other traditional investments.
Investment Gemstones Remain Popular
Gemstones have a long and fascinating history, with virtually every culture throughout history valuing their beauty. The fact that their value tends to increase over time means that diamonds, sapphires, rubies, and emeralds are generally considered to be the best gems for investment purposes. Rarer stones like alexandrite and tanzanite are also worth considering — although the gem’s quality is vital if you’re looking for a solid investment. While diamonds aren’t as rare as a lot of people think, it’s the color and quality that determines the price in a market where supply is strictly controlled.
Diamonds have become synonymous with luxury and style, as we can see in movies like Breakfast at Tiffany’s and Gentlemen Prefer Blondes, which features the Diamonds Are a Girl’s Best Friend song. Diamond and other gems have long been popular in casino games thanks to their value and visual appeal. In the Gem Heat slot, a gleaming diamond is the most valuable symbol ahead of even the gold bars. Other slots like Diamond Megaways and Diamond Blitz 2 also use these precious stones as symbols.
Valuable Fashion Pieces
The idea of investing in fashion items isn’t new. With this type of investment, choosing clothing that’s been worn by a famous person is ideal, provided that their appeal is likely to continue. This Quartz list of the most expensive dresses sold at auctions includes garments from The Wizard of Oz and the cocktail dress famously worn by Marilyn Monroe in The Seven Year Itch.
Collaborations between fashion houses and celebrities are now more common, so the key is to decide which items are likely to increase in value over the years due to a combination of scarcity and quality. The best fashion investments are great conversation pieces to show off to others, but keeping them in pristine condition while doing this is one of the main challenges.
The Appeal of Art and Digital Art
Art is one of the best-established and classiest investment categories. According to the Sotheby’s website, the first modern art investment fund can be traced back to Paris at the start of the 20th century. It was a huge success, as the original investors made four times their money back, leading to an increased interest in art as a form of investing.
Digital art has been in the news in recent years, as some non-fungible tokens (NFTs) have exchanged hands for huge sums of money. Opinions are divided over how good a long-term investment this is, with Bored Apes being an example of a once-trendy digital art collection that has lost much of its value from its peak in 2022. However, it’s worth remembering that clear asset ownership and easy accessibility are among the benefits.
When looking at these stylish investments, it becomes clear that many of the classic rules of investing still apply. If an item has long-term appeal and its authenticity can be established, it’s worth considering as an investment.
