Episode 203 Part 1: Dealer Jeff Russak’s Tips for a Headache-Free Jewelry Buying Experience
Listen now
Description
What you’ll learn in this episode:   How to know when to walk away from a purchase, and how to trust your intuition when buying Why you should always ask for a detailed receipt, even if it feels awkward Commonly misunderstood phrases dealers may use to confuse buyers How Jeff does due diligence before making a purchase How to navigate the many platforms where you can purchase jewelry today   About Jeff Russak Jeff Russak is principal of Lawrence Jeffrey Estate Jewelers. Jeff's expertise in antique and 20th century jewelry combined with an uncompromising attitude toward quality, condition, and style directs the acquisition process. His proficiency in signed pieces and hallmarks is especially useful in identifying and dating each piece. In demand as a speaker on antique jewelry at museums and shows, he also volunteers as a guest appraiser for charity.   Additional Resources: Website Facebook Instagram Twitter   Photos Available on TheJewelryJourney.com   Transcript:   When it comes to buying jewelry, nothing is more important than trust. That’s why Jeff Russak, principal at Lawrence Jeffrey Estate Jewelers, won’t hesitate to leave a purchase behind if his inner voice tells him something is wrong. He joined the Jewelry Journey Podcast to talk about how he vets his purchases and the dealers he works with; what red flags buyers should watch out for; and why a receipt is more powerful than you might think. Read the episode transcript here.    Sharon: Hello, everyone. Welcome to the Jewelry Journey Podcast. This is the first part of a two-part episode. Please make sure you subscribe so you can hear part two as soon as it’s released later this week.    Today, my guest is Jeff Russak, one of the principals of Lawrence Jeffrey. They are estate dealers located in Litchfield, Connecticut. Jeff has had decades of experience buying and selling. He’s also extremely knowledgeable about estate jewelry. Along the way, he has learned about what a good dealer should be doing and what you should know in order not to be taken advantage of. There are lots that dealers know about good dealers that the ordinary buyer doesn’t know. He will fill us in on some of that today. Jeff, welcome to the podcast.    Jeff: Thank you for having me. I’m thrilled to be here.   Sharon: I’m so glad to have you. This is the second time you’ve been on. I’m glad you decided to come back.    I bought a diamond tennis bracelet several years ago—well, a long time ago—that I was told was Art Deco. Then, when I showed it to somebody else, they said, “That cut wasn’t done until the 80s.” I still like the bracelet, but how could I have avoided that without knowing everything there is to know about diamonds?   Jeff: That’s a really great question, and it’s actually kind of a complicated one. The person who looked at it did something which is very basic. They looked at the cut of the diamonds. That’s one of the things I do when I’m determining the age of any piece. We look at the stones. We have a good general idea of when different cuts, for diamonds or otherwise, were established.    The short answer is I think the only way you could have avoided that would have been to have a better handle on whether this dealer is expert enough to make that determination or not. That can be a hard thing to do. We’ve talked about how to buy, and a lot of how to buy is all about who you decide to trust. I think for the average buyer, figuring out who you trust and who you feel comfortable with is really the bottom line.   I’ll tell a story about one of our better clients. We didn’t know this for years, but they’re people who have become friends. They started buying from us when we were very new to the business. They didn’t buy just jewelry, but they bought decorative arts. We didn’t know it, but every single piece they bought from us was going to one of the top appraisal firms in New York an
More Episodes
What you’ll learn in this episode: How Terhi’s work changed as she moved from Finland to Amsterdam to France How the weather influenced Terhi’s recent exhibition at Ornamentum Gallery How jewelry can help us explore the relationship between man and nature Why Terhi creates her work on a...
Published 05/03/24
Published 05/03/24
What you’ll learn in this episode: How Terhi’s work changed as she moved from Finland to Amsterdam to France How the weather influenced Terhi’s recent exhibition at Ornamentum Gallery How jewelry can help us explore the relationship between man and nature Why Terhi creates her work on a...
Published 05/01/24