Showing posts with label value. Show all posts
Showing posts with label value. Show all posts

Tuesday, September 24, 2024

3 Quiet Luxury Bags

I'm happy to have finished my teens and 20s before the logo designer bag craze began. My parents bought me well-made leather shoes that held up and later on I followed their example with handbags. Moreover, we didn't collect them, just bought them as needed. After spending a fortune, some luxury-obsessed fashionistas are waking up and feeling the sting of debt for the surface status and not necessarily the quality of the luxury bags they collect ... and luxe brands including Hermès, Dior, and Chanel are noticing shrinking profits (in 2023 - 2024) -- some critics say due to their arrogance and greed in mistreating loyal customers. A shame as we love the aesthetics of the high fashion labels.

Today I'm featuring 3 luxury quality leather bags that are pricey yet attainable and made by companies that don't play the designer bag games with consumers, namely a) by creating scarcity and artificial demand; b) while offering poor snarly customer service; c) by charging $1000s more than the worth of the bags, i.e., for a logo; and d) sometimes selling customers inferior quality while hiking up prices several times a year.

Today's 3 featured brands offer customers fairness and quality for their business!

Full disclosure: I love the leather and craftsmanship of the featured bags below👇, however, I'm not a handbag maven, myself, and don't own them. I'm happy with COACH. But if ever I see an unbelievable deal, I'll know to snatch up the following bags and you will too!:

1) Strathberry - I'm featuring the tote (👆top image) and East/West (👈left image), but as with the other 2 accessory makers, there are many bag styles for customers. All Strathberry bags take up to 20 days to handcraft by artisans in Spain. The style is simple elegant lines oftentimes completed by Strathberry's signature bar closure.

2) Pourchet - A French brand that began making bags in 1903. The classic bags in its collection are made of durable smooth calf leather with impeccable craftsmanship and timeless straight lines. The Trianon is perhaps the retailer's most popular bag. It's minis a few Alexander Hamilton's under $400 which is far less than competitor French luxury bags.

3) Le Tanneur - is another French leather goods merchant that has been stitching full-grain leather bags since 1898. The Emile bag above reminds me of Saint Laurent's best-selling Envelope bag for roughly half the price!

If you're a bag maven who is tired of being gauged and underappreciated by the flashy logo brands (whose practices seem to care more about taking your money than giving you quality, service, or the respect you deserve for your purchase) perhaps consider StrathberryPourchet, or Le Tanneur. Each makes gorgeous, exceptionally crafted bags (indeed not cheap), yet for thousands less!


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Monday, July 15, 2024

Sterling Silver In Fine Jewelry

Photo: Voogme 925 Silver and Moissanite

Frankly, this jewelry lover is happy she bought a few pieces of fine jewelry years before our pandemic hit since the price of gold and jewelry has increased like other consumer goods after our COVID crisis. Plus jewelry, which should not be considered an investment, has always had a hefty profit margin above the wholesale value of the pieces. Jewelry is as much of a luxury buy as designer clothes, shoes, and handbags, which are also marked up to whatever customers are willing to pay.

Photo: Shop LC
That said, there's a limit to what ordinary people can spend to own luxury goods including jewelry. Sadly considering today's elevated costs, I recommend bypassing 18k or 14k gold and diamonds. Retailers are charging 
astronomical prices without giving us enough value in return. Frequently their jewelry is flimsy with a sky-high price tag attached. Fuhgeddaboudit!

I also suggest skipping overpriced costume jewelry. It has depreciation or zero value.

Pure silver unmixed with other metals

Instead, turn to 925 sterling silver fine jewelry. Don't overpay or overconsume, yet buy a capsule of pieces you love and will wear over and over again with all your outfits from blue jeans to a little black dress. Unlike purses or shoes at least with fine jewelry, you don't end up with depreciation value simply by wearing it! 

Sterling 925 Silver is the jewelry quality standard in most of the world. It is an alloy of 92.5% silver and 7.5% another metal, usually copper, sometimes nickel. (Pure gold or) pure silver is too soft to be worn as jewelry. The alloy (whether gold) or silver + other added metals increases the hardness of a necklace, bracelet, or ring giving them strength so they won't blend or dent as easily by wearing them.

Like pure gold, pure silver is a precious metal listed as an element on the Periodic Table. With sterling silver, you are buying fine jewelry! But be aware that sterling silver is softer than gold, so more durable for earrings, necklaces, or signature rings than for everyday rings you might mindlessly bang around as you go about your usual activities. However, if you take care of sterling silver jewelry, it will last a lifetime and for generations.

The current price of 925 sterling silver is $31.24 t.oz. A gram is the smallest unit to measure silver. 925 silver value is between $0.69 and $0.80 per gram.

Usually, there is a quality mark -- 925 -- on pieces of sterling silver. Sterling silver jewelry is required to carry this stamp if there is surface area to put it. The marking can be seen with a magnifier. Sterling silver jewelry is sometimes dipped in rose or yellow gold or another metal to offer yellow-or-rose gold-like jewelry.

Sterling silver jewelry that isn't worn frequently will tarnish yet is easily and safely cleaned with retail tarnish remover and a silver cleaning cloth. A tissue can scratch the silver.

Leslie Villarreal
Non-tarnish silver alloys also exist on the market. Argentiun Silver is one such brand that sells silver jewelry that doesn't tarnish. The non-tarnish alloys in jewelry are 92.5% silver (or higher), copper, and the addition of the element germaniumGermanium makes the alloy harder and resistant to tarnish. Under extreme conditions, it still tarnishes but requires less maintenance than sterling. The non-tarnishing alloy is also significantly more expensive than sterling silver.

Without a good deal, I'd stick with 925 sterling silver for its more affordable price. If too costly, you might as well save up for gold. It's a trade-off really ... with today's jewelry prices, we're having to spend too much. Yet, life is a series of tradeoffs, and it's a shame splurging on gold jewelry has gotten so stupidly expensive!😠


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Tuesday, June 25, 2024

The Value Of A College Education

Photo: CUNY
I like Bill Maher but it always irritates me when a man who has the benefit of a college education devalues the importance of a college education.😳 He's not the only university-degreed public figure to do so. Mike Rowe, a TV personality who seems to lean conservative with a libertarian streak on his podcasts, goes as far as to fund a charity to steer young people towards training in blue-collar professions. He has said, a higher education is more worthless today than yesterday.


Mike Rowe (right) and Bill Maher (left)
IMHO, it couldn't be further from the truth. If you have the intellect and means, you cannot spend 4 years of your life in a more transforming way. Education changes you as a person. Once your mind has been stretched by new ideas and other cultures and learns critical thinking, it never returns to its original dimension. 

Do you know who'll believe these skeptics? Sadly (1) Parents without a college education who are anxious about the costs of sending their children to college. (2) Libertarian and right-wing politicians sitting in Congress who want to cut taxes to zero for multi-millionaires and billion-dollar corporations by defunding public education. (3) Young inexperienced people without guidance or encouragement or foresight.

A free public education was fundamental to our Founding Fathers at a time when only the well-to-do could afford an education. Education has long been valued in democratic countries as a bedrock for a strong democracy. Do we want an ignorant or an educated electorate? Because the zeitgeist seems to be turning.

Often a university degree is the one sure way out of poverty for a person who is born poor with no connections and few opportunities. If a person has the desire, brains, and work ethic to become a doctor, dentist, or accountant, it's in the country's interest to help them pay for their education. Society benefits when its members have access to higher learning. Getting it should not be determined by whether you are rich or poor. If someone from a lower-income family has the aptitude to be a scientist, educator, or engineer, it's in society's interest to use tax dollars to help educate a future scientist, educator, or engineer.

The middle and working classes pay the bulk of taxes in the USA. We can well afford to use some of it for Pell Grants and low-interest government loans to help defray the cost of tuition for the working and middle classes. 

We have a long history of striving to do better than our parents. These were the dreams of generations of immigrants. How do we benefit now by abandoning our aspirations to do so? Rather than thumbing down efforts to raise society's collective intelligence, let's continue to lift it up!

On average college graduates earn more money than high school graduates. A college education opens doors to higher-paying jobs you can't get without a university degree. After graduation, the country acquires a higher-earner taxpayer.

But aside from earning more money, the critical thinking you master in college helps you do nearly everything else in your life better. Moreover, how are you going to spend your paycheck if your vision is limited because you haven't learned about other countries and cultures? Or worthy subjects such as art, geography, history, economics, finance, etc., etc.🌍🌎🌏

In society, there are examples of people who are smart, or successful, or self-motivators without higher learning. Granted there are degree-less people who read books and are self-taught, yes, but it's a harder path to tread without structure, direction, and guidance which is what a university offers. More people are not self-motivators than those who are. It takes effort, dedication, and internships to acquire a level of expertise in a given field. Most accredited universities also require coursework outside of a major with the goal of turning a student into a well-rounded person. College is much more than just a pathway to a job.


I'll finish where I started. I like Bill Maher ...
but would Bill Maher be Bill Maher if he had skipped college? His post-high school education is an important component that makes him the satirist he is. A show like Real Time with Bill Maher would be a different show, no? I would bet real money that Real Time is written and produced by people who went to college. I know of at least one staff member who did. The man at the top, Bill Maher!📚


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Sunday, February 4, 2024

Georgous Ruby Jewelry But Small & Pricey

I've had my eye on these Effy rubies and diamonds in 14k rose gold hoops selling on Macy's website for a while because they're classic and gorgeous! I love the rose gold and baguette-cut rubies sandwiched between 2 lines of small round diamonds. But because of the small size of the earrings (mentioned in the reviews) compared to the relatively high price, I don't think we're getting enough for our money even when they go on sale. It isn't the greed of Macy's or Effy (the vendor) in particular that I fault for being so costly. Universally across different retailers, we are now charged more for less than substantial pieces of jewelry. Why?

Lali Jewels (left) and LeVian (right)
Gem-quality rubies (and red gemstones in general) are rarer in nature, therefore rubies tend to cost more per carat than sapphires or diamonds. (Gem-quality emeralds are even rarer so cost more per carat than rubies, sapphires, and diamonds.)

Le Vian (left) and Effy (right)
To be called a ruby the corundum (stone) must be red. Frankly, some of these ruby stones I'm featuring on the blog look more like pink sapphires online, but perhaps they are darker in the retail store? To recite an industry saying, "It's a pink sapphire if you're the buyer and a ruby if you're the seller." Both can be lovely gemstones, just be sure the price matches its color!

The jewelry featured in today's post is beyond cute and so tempting, especially near Valentine's Day. I just can't believe the steep prices of over $1,000 for such slight pieces!😳

Why has dainty jewelry gotten so expensive? One reason is the price of gold is higher so now we're asked to pay through the nose for flimsy pieces of jewelry!

Is it worth it? People must decide for themselves, but if I saved up weeks of salary in exchange for tiny earrings or a thin ring, I'd be disappointed after opening the box regardless of how pretty the design is. Perhaps I'd feel somewhat taken, and clearly, I'd feel I could do more with the money elsewhere.

Macy's in-house brand (left) and Lali Jewels (right)

One way to lower the cost of fine jewelry is to find pieces in 925 sterling silver instead of 14k or 18k gold, suitable for earrings, necklaces, also rings, and bracelets you don't wear daily, i.e., jewelry you don't bang around. Like gold, silver is a precious metal yet softer than gold. I own 2 pairs of earrings (10'' round freshwater pearls and 4-carat lab-grown white sapphires with silver posts. Each durable pair costs under $100.)

Even freshwater pink pearls with tiny marquise-shaped pink tourmaline earrings (below↓) are pricey! Some people love delicate jewelry, but how much are customers willing to pay for it?
Macy's in-house brand (left) and LeVian (right) - all the jewelry is sold on Macy's website
.
Friends, is love ... as in the love of gold jewelry blind? Nowadays are you buying or passing on fine jewelry?🤔


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Wednesday, October 25, 2023

Is Jewelry A Waste Of Money?

Photo: Graff - High Jewelry can hold its value if one is rich enough to buy (and insure) it.

Jewelry is an over-priced luxury item I can appreciate. I like leather bags, shoes, and clothes, but I love jewelry😍. Yet due to the great expense, I'm more of a browser than a buyer. First a dreamer then a realist I like to say! I can't afford the big flawless stones that cost 5 or 6 zeros. They're gorgeous and frankly, the cut, carat, color, and clarity I really want! Suffice it to say, I understand the appeal and the temptation, so I may be the perfect person to answer the question: Is jewelry a waste of money?

Photo: Brilliant Earth
In purely a practical sense, the answer is yes! Absolutely! 100%!! Waste. Of. Money!!! Jewelry is always a luxury item and never (or rarely) an investment. We don't need it, we buy it because we want it, but aside from aesthetics, it really serves no pragmatic purpose.

By limiting the supply of diamonds and clever marketing to create high demand {with its famous "A diamond is forever" 1947 slogan), DeBeers, the then monopoly diamond seller, was able to hike up the price of diamonds even though the stones are not rare, but quite common in nature. The high demand and high prices for diamonds are still with us today. Lab-grown diamonds will likely continue to lower their costs in the future.

Photo: Macy's
But it's not just diamonds, the markup on all fine jewelry is significant, however as soon as it leaves the jewelry store, and you own it, the jewelry loses its value. If you try to resale a necklace, bracelet, earrings, or ring, you'll rarely get what you paid for the jewelry. At best, the same jeweler who sold you the piece may offer you its wholesale price. What's more, to recoup a decent percentage of your money, you better be re-selling high-quality jewelry, i.e., flawless stones with substantial, perhaps 18k gold. There's no guarantee you'll walk away with a profit, and certainly not enough of a profit to rebuy the jewelry again. The rare exception is high jewelry (↑top image), as opposed to mid-priced jewelry. There are always high rollers with excessive disposable income looking for top-of-the-line high jewelry. High jewelry (including celebrity-auctioned estate jewelry) is its own niche. Average earners can't afford it.
 


Reselling expensive watches such as Rolex, Patek Philippe, or Tudor Pelagos can also exceed their original value if kept in like new condition (minus scratches) because enough people with deep pockets like to wear these luxury watch brands. 

Photo: Baby Gold
As it turns out, the skimpy a/k/a dainty or light chains, necklaces, bracelets, earrings, and rings are harder to resale at a profit due to less precious metal, demand, and their averageness. To boot, shoppers of 2nd hand markets expect to score bargains.

The true value of jewelry is its beauty along with its sentimental value. A little glitter can complete or add pizzazz to an outfit. Sparkle can make us happy or remind us of the person who gave us a lovely gift out of love ... which is not a waste of money. 

I'd never discourage anyone from buying fine jewelry ... a few curated pieces (within your budget) as things of beauty. Adding some flash to your life should make you feel happy. Just don't tell yourself it's an investment.

Photo: Van Cleef & Arpels 

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Wednesday, October 4, 2023

Diamond Prices Are Crashing

As much as I love jewelry I've always known the price of gemstones is arbitrary to a great extent. Jewelry is as much of an overpriced luxury item as Hermes handbags, Manolo Blahnik shoes, or Dior pants and coats. They cost what consumers are willing to pay for them. Never think of luxury items as investments but to be enjoyed as things of beauty only. The value of luxury goods is driven by want not need. If you covet investments, take your money to an investment firm to buy stocks, bonds, and mutual funds, where you'll earn returns on your portfolio. You're lucky to break even by reselling luxury goods after you subtract a 15% - 20% commission.

Photo: That Guy Osiris - I'll take them!
So I'm happy to report an exciting development in the diamond market! In 2023 diamond prices are tumbling down -- about 23% for 1-carat stones and about 15% for 3-carat stones -- according to experts who watch diamond prices such as That Guy Osiris, an ex-diamond trader who has a YouTube channel. 

The reasons for the decline in diamond prices are several: 

(1) Monopoly diamond sellers such as DeBeer aren't as powerful as they once were in setting diamond prices high combined with limiting the supply of gemstones on the market. 

Photo: istock
(2) Nowadays the demand for diamonds is less. Not every bride in 2023 desires an engagement ring. Some wish to put their $7,000 - $15,000 earnings elsewhere such as for a downpayment on a house or car. Millennials are more interested in spending on travel and experiences than buying diamond rings.

(3) A main reason why the price of diamonds is sinking is the greater acceptance by the public of lab-grown diamonds which cost about 1/3 less than diamonds mined in nature. Diamonds created in a lab are chemically and optically identical to natural diamonds.

(4) The process of making laboratory diamonds is getting better and cheaper all the time, and more companies including jeweler James Allan are offering them. According to Liberum Capital Markets, about 25% to 35% of diamonds sold to customers today are lab-grown diamonds.

Photo: That Guy Osiris
5) That Guy Osiris says that industry leader DeBeers is responding by discounting its prices for 2 - 4 carat rough natural diamonds. Recently prices for uncut natural diamonds have dropped from $1,400 a carat to $850 per carat to be competitive with lab-grown diamonds.

All of this is a win, win, win for customers! If diamond prices keep falling, one day I'll be able to afford my fantasy 4-carat stud diamond earrings (that's 2-carats each ear, sister!!), my 20-carat diamond blingy tennis bracelet, and my 5-carat diamond solitaire ring ... no engagement needed!

Diamonds By Bonnie - has an Instagram and a YouTube Channel
I don't care one iota about the lesser monetary value of lab or natural stones as long as I'm not charged for it. Just give this glitter-loving girl her diamonds! I'll start with that big brilliant round diamond at the top of the blog and the pear-shaped diamond ring at the bottom! We
 can add my fantasy diamonds to my collection later.😉😂

If in the future diamonds cost less, would you value them less?

Saturday, July 22, 2023

Coach's Blaine Backpack Is a Hot Deal

Available in a few colors and materials
Coach's Blaine Backpack is perfect for today's need to carry your electronics out of your home into the world for work. With inside sleeves and multifunctional pockets to protect your devices, it holds your laptop and tablet, and phone plus their chargers. You'll also have space for documents you may need for the day, as well as, your sunglasses, keys, wallet, and a meal bar or snack to keep you going. Home away from home until evening.😊

An attractive sleek design in sturdy pebble leather or canvas-and-calf leather, I will always favor leather over canvas bags and backpacks however it's a personal preference. Both look fabulous!

This well-made, practical bad boy, originally priced at $598, is Coach Outlet's hot deal selling at 65% off for $209.30. Nice as with a degree of care (although you don't have to baby them), Coach bags last a lifetime!

Long-time readers know of my love for Coach bags ... all the quality and craftsmanship of French luxury bags without the ridiculous markups or silly games. Coach is a leather goods company that doesn't market itself as a status luxury retailer. Customers only pay for excellence ... not for pretentious, and ultimately meaningless hype.


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Thursday, April 20, 2023

Should You Pay $10,200 For a Chanel Bag?

Chanel - cow's (caviar) leather. Also comes in lambskin.
The Chanel classic flap bag increased another 16% in 2023. The medium flap bag now sells for $10,200, up from $8,800 earlier this year.

1) Karl Lagerfeld
Chanel's business model now seems to be to jack up its prices 3 - 4 times each year without giving consumers anything in return for it, such as improving the craftsmanship of its bags. As many customers have noted, the bag's quality has slipped over time. The 2023 Chanel flap bag is not as well-made as the designer's older flap bags, and its hardware is no longer gold-plated. The newer flap bag's hardware is even known to tarnish. Some say the leather quality has sunk too. 
2) Karl Lagerfeld; 3) Coach -- unlinked but easy to google by name. Oh, the Coach is gorgeous!

Although I still love the style of Chanel's classic flap bag, I won't be spending $10,200 to own one. That sum is insane and absolutely not a good investment! IMHO, Chanel's unrelenting, frequent price raises are gauging its customers, and I no longer can judge anyone for buying Chanel illegal replicas. But if you, like me, are of the mind that two wrongs don't make a right, there are many legally inspired classic Chanel flap leather bags on the market, and it's where personally, I'd turn. We can find a similar effect at a fair and reasonable price. {Plus there are many faux leather-inspired Chanel flap bags for even less money. They'll wear out sooner than real leather but are cheap enough to get your money's worth if you have to rebuy them.}

4) Tori Baurch; 5) Kate Spade

Throughout today's blog are Chanel-inspired leather flap bags. While they are not replicas -- fakes designed to fool people into thinking they are real Chanel bags, they are inspired and legal to give you a classic Chanel vibe for at least $9,700 less. Unlike Chanel, these inspired bags periodically go on sale for further reductions. You keep "the insane" difference of your own money for your benefit instead of forking it over to Chanel. Here's one I bought from Coach Outlet.
DHGate.com

Yes, there's a degree of compromise in looks; and depending on price (over $100, or under $100), the interior lining of an inspired bag may or may not be leather. But golly, consider this: With the latest price hike, an authentic Chanel flap bag buys 3 - 11 live dairy cows!

Isn't it time to say no to retailers you love, who don't love you back? Plus reports are leaking that Chanel isn't passing its HUGE profits on to its factory workers, who also must get permission to talk to one another while they work and don't get paid when they show up for work on a day Chanel experiences a supply problem.

As longtime readers know 99% of my blogs are positive with tips on what to buy, in lieu of what not to buy, or panning retailers, but when pricing gets ridiculous with no regard for customers or employees, we must speak up! When business practices aren't fair for EVERYONE involved, buyers can just say no. 


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