The Inheritance of Gloss

Why the unchanging nature of a classic makes bidding in heirloom jewellery a predictable alternative in an uncertain post-pandemic world?

- JAY SAGAR

Historically in India, jewellery has not merely been considered a commodity or a high-value asset, rather it is wedded to personal history and heirloom legacy. In addition to visual appeal, intricate design and manufacturing techniques, provenance is of utmost importance when it comes to vintage jewellery. Collectors love to gain insight into the provenance of the piece, and the history associated with its journey. And finally, the fact that these pieces have stood the test of time, enhances the clout that these jewels command. This is even more so in current times when latest trends seem to have taken a back-seat with investors turning to opportunities and product categories that have the proverbial ‘story to tell’.

Last month, despite troubling global circumstances, during Astaguru’s annual Heirloom Jewellery Silver & Timepiece auction, a rare diamond, Ruby and Pearl Guluband went under the hammer for an eye-popping ₹1.52 crore. Quintessentially a Mughal style choker, a timeless piece, circa 1860, surpassed its higher estimate by almost ₹30 lakh—a margin that is as rare in the heirloom jewellery auctions in India, as is the Guluband itself.

Patina of the Past

The timeless charm of vintage jewellery has been well-recorded across international auctions and on red carpet events for some time now. And, the Guluband sale is a testament to a booming interest in vintage jewellery in our country as well. As the first Indian auction house to present this category, we have observed the jewellery market growth in India and its expansion over the years.