Precious Objects

Precious objects are items that are generally small in size but highly valuable in monetary terms.

1) Precious Metals

 Gold and silver are the two most widely held precious metals that appeal to almost all kinds of investors. From ages, they have been good hedges against inflation. They are highly liquid. Investment in gold and silver can be in physical or non-physical forms. The physical form includes bullion, coins and jewelry. The non-physical form includes futures contracts, units of gold exchange-traded funds, and shares of gold mining companies. The units of gold exchange traded funds (ETFs) are listed on a secondary market and investors can buy such units easily.

 2) Precious Stones

Diamonds, rubies, emeralds and sapphires have appealed to investors since time immemorial because of their aesthetic and rarity. While colored stones are much scarcer than diamonds, still the latter command a higher price per carat. If one wishes to buy diamonds primarily for investment purposes, one should buy larger diamonds (one carat and above) which are certified. Global certifiers like Gemological Institute of America (GIA), the Hoge Raadvoor Diamant (HRD), and the International Gemological Institute (IGI) have their presence in India. In addition, there are local certifiers also. A diamond certificate provides details about the quality and authenticity of the diamond. It helps in establishing the value of the diamond.

 3.) Art Objects

Objects which possess aesthetic appeal because their production requires skill, taste, creativity, talent, and imagination may be referred to as art objects. According to this definition, paintings, sculptures, etchings, and so on, may be regarded as art objects (some of these objects, thanks to their historical importance, are classified as antiques). The value of an art object is a function of its aesthetic appeal, rarity, physical condition, fashion and reputation of the creator. The art market is made up of (a) creative artists, (b) agents, auctioneers, and dealers, (c) private investors and collectors, and (d) museums and other institutions. Buying at an auction involves wholesale price and buying from a dealer involves retail price. An object of historical interest may be regarded as an antique. It could be a coin, a manuscript, a sculpture, a painting or any other object. If someone is interested in investing in an antique, a very important thing to notice is that the antique is registered with the Archaeological Society of India.  Antiques tend to appreciate in value over time, but ina very unpredictable manner.

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