There are many reasons why you might want to buy jewellery overseas. You may see the perfect piece in a shop window, or you might go to a country that specialises in what you’re looking for. In some cases, it may be cheaper to buy jewellery overseas and some businesses can make a profit from developing boutique stores.
It’s worth taking the time to consider your purchase – even if you’ve got your heart set on it. Make sure you feel confident in the vendor and check any guarantees or repairs, which can be particularly important if you’re investing in a watch. There is also the import duty and VAT to take into account; make sure you’re clear on your personal allowance and bear in mind that you only pay duty on the excess.
Where to buy luxury jewellery overseas
If you’re looking for gold, Dubai has a covered market with hundreds of jewellers, all meeting the high standards required for the purity of gold and other metals. Marrakech in Morocco is another hotspot for gold, with many artisans clustered in the Jewish quarter. Geneva in Switzerland is the watch capital of the world, and on top of all the very best watch designers, there is also an excellent brand of Tiffany’s. Luxury jewellery is also available across the US, with many designers found in Las Vegas and New York, which also boasts high-end auction houses such as Sotheby’s and Christie’s.
If you’re buying jewellery overseas, there are a wide range of possibilities; it’s hard to beat Paris for the ultimate romantic gesture, but Cape Town in South Africa and Jaipur in India are home to some incredible artisans and designers. Islands across the Caribbean boast a vast array of gem stones, with St Maarten in particular specialising in gems and diamonds. Wherever you go, there are opportunity to buy luxury jewellery overseas which is both a great investment and a stylish talking point.
Factor in the currency costs when buying luxury jewellery overseas
Wherever you decide to go, don’t forget to factor in the currency costs when you’re paying for jewellery. If you’ve made a significant investment in a luxury piece, then working with Moneycorp to pay for your jewellery overseas can help you make the most of your money abroad. With low fees, expert guidance on market movements and specialist currency tools to make sure you get the best value from your international payments, Moneycorp can help you buy exquisite jewellery across the world.
Managing international payments jewellery overseas
Whether it’s a one-off for a special occasion or a regular investment, buying jewellery overseas comes with a range of considerations regarding the costs and currency requirements for international payments.
If you’re travelling the world to find the very best in established and up-and-coming designers and dealing in multiple currencies, then both the exchange rate and transfer fees may all add to the cost of each transaction. We can help you manage all your costs using our secure online platform and mobile app for great value currency payments on the move.