Everyone has heard these terms, but what are the differences in jewelry and does it really matter?
New York Loan Company’s loan officers are trained at the Gemological Institute of America, and have years of experience evaluating jewelry, both new and old. Below we will break down the misconceptions and give you the answers you are looking for.
Any jewelry that is previously owned is considered Estate. Usually these items are passed down from family members or have been owned for decades, and the rule of thumb is that it should be at least 20 years old. These estate items are then either considered vintage or antique.
If you’re jewelry was made less than 100 years ago, it is vintage. This is a wide range and includes many important jewelry periods. New York Loan for instance would consider an Art Deco Cartier brooch a vintage jewelry item – or a David Webb dome ring from the 1970’s would be a coveted vintage jewelry piece. These types of incredible vintage jewelry can go for hundreds of thousands or even millions of dollars at auction.
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