7 Sam's Club Jewelry Gifts To Buy Before Christmas (And 3 That Only Look Like Deals)

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Sam's Club sells diamond stud earrings for four hundred ninety nine dollars with a printed appraisal of one thousand thirty five dollars on the same page. That appraisal is the number nobody will ever pay you in cash. I spent forty years on Forty-Seventh Street, and here are seven jewelry gifts worth buying at Sam's Club before Christmas, and three that only look like deals.

I count down seven buys: diamond studs, Italian gold hoops, a Citizen Eco-Drive watch, a sapphire ring, a platinum band, a one ounce gold bar, and the item that may be worth more by January. Then three traps: silver coins at a markup over spot, tanzanite that does not hold value, and gift size gold bars at double digit premiums.

For each one I do the arithmetic: the gram weight, the metal price, the markup percentage, and what it is worth the day after Christmas.

Tell me in the comments which one you are buying this year.