Building a Gemstone Collection

Over the past several years I have built a wonderful collection of jewels with a client of mine. She started out pretty slowly, but about 5 years later, through a lot of time, trial and error and wading through a pool of contacts, she has managed to build one of the most beautiful and thorough collections I’ve ever seen (in a collection that’s not in a museum, at least!).

One of the most important factors we learned in building her collection is that sometimes stones will pop out at you at the most unexpected times. You may have been searching for a fantastic blue sapphire, and stumbled on the perfect ruby instead. I would absolutely jump on the ruby rather than keep pursuing the sapphire. Bump the sapphire down a notch on the priority list, but keep an eye out for it. In other words, when opportunity knocks, answer the door.

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Beyond making opportunistic buys, it’s important to have a plan moving forward as you build your collection.

Strategies for building a stunning gemstone and/or jewelry collection:

  1. Make a list of the gems/jewelry you absolutely want. Try your best to order this list according to your personal priorities (see 2-9).
  2. Keep in mind this list is going to grow and change as your expectations and desires change.
  3. Color. What colors do you want? What colors would you wear? Is there any special significance to colors/types of stones?
  4. Hardness. Are you hard on your rings? Do you need to be limited to the very hardest stones? How does that limit you color-wise? Are you willing to wear something sparingly in order to have that color in your collection?
  5. Some of the best overall collections I’ve seen have a full variety, a rainbow of color. But some collections have a concentrated color group – a friend who is a huge fan of blue green for instance, may build a small army of blue-green stones in a variety of shades, while other colors in their collection may appear sorely neglected.
  6. Know yourself. What makes you get butterflies in your stomach? What makes you gasp in delight? Is it a certain variety of stone? Or a certain color?
  7. Keep budget in mind and know where you want to make concessions. Things like cut and clarity can help stretch the budget.
  8. Keep your setting budget and wants in mind. Sometimes people balk at spending more on a setting than on a stone. Know what your priorities are! For some people (myself included!) the setting costs and the stone cost ratio doesn’t matter, it’s the end piece that has to make your heart sing.
  9. Do you want fewer more expensive items or a larger number of cheaper items?
  10. Try to finish some of your pieces. You can go down a rabbit-hole of buying gems or settings and never complete anything (unless, of course, your goal is to collect gemstones and settings!).

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Just keep in mind that beautiful collections don’t necessarily grow overnight. Gemstones are often very hard to track down, especially as you reach for more high end or rare stones. Building a collection takes time and requires patience, but is well worth it in the end.

In the event that building your collection hits a wall, feel free to reach out to me for help with new rocks to overturn or who knows – one of my contacts may have just what you are looking for!

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