Millennial seek Opportunities in unconventional Investment Sectors
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Millennials are unconventional investors adopting newer ways to save money for the future. The generation witnessed the 2008 recession and believes in spending on luxuries, experiences, or saving in the form of cash.
Some young investors seek technology-based options like Bitcoin and Ethereum or other long-term investments but the real estate market has been weakening in most investable places.
Investment in jewelry or rare beauty of art, which offers great intrinsic value and a market appreciation in 12-months of 21 percent may form their collection as it provides a rare opportunity for diversification in the portfolio.
Art remains illiquid where the transaction costs are very high and it faces the problem of social consequences due to over transaction. Artwork requires proper conservation and handling for restoring the values, and investment in jewelry requires proper knowledge of the business where the appreciation in the in 10 years is over 130 percent.
Newer opportunities in ethical Natural Pearl
Jewelry can offer highly personalized tailored items as per the individual’s need. Investment in jewelry offers growth potential and defense against market volatility but there are limited options.
The industry has been designing creative sets of diamonds and other gemstones but pearls are the new craze. Earlier only 2 to 3 percent of the jewelers offered pearl sets but it constituted a huge economic opportunity for the retailers.
Some jewelers fail to recognize the opportunities in such items and several buyers lack the awareness to make a benefitting decision on buying it. Pearls are natural, environmentally friendly and renewable, and it comes in many shapes and colors.
These can be integrated into precious metals and are affordable as it comes in many ranges. For centuries these have undergone volatility where some traditional investors held these in their collection due to the unique properties and natural beauty where there is a growing demand for such items with modern buyers.
Pearl is naturally found inside living creatures and its production is nature-friendly, which does not involve labor-intensive work or unethical mining.
The business of such items is expected to go beyond 1.3 billion sales in the US where the overall cultured pearl market value can go beyond $16.8 billion by 2022 – as per the Research and Markets.
The sets in pearls can be combined with gemstones with beads and metals in different types of shapes and textures where the designers can find it inspirational to explore the contrasting products.
Such items can even be found in online stores and if they are marketed in the way the diamonds are sold by reputed brands targeting every life occasion, the value of some rare pieces can grow significantly.
These can be found in several varieties like Akoya, Tahitian, and South Sea. The jewelry industry has failed to respond to the growing demand for rare unique pearls where the young buyers seek ethical jewelry solutions.
Today buyers are aware of ethical and environmentally-friendly investment options where pearl offers tremendous opportunities as some of the pieces are excessively extraordinary and high in demand.