More and more women are reevaluating luxury goods as an investment opportunity—and a wearable investment opportunity at that. But, before you go spending your budget on a fresh-from-the-store piece, consider shopping fine pre-owned jewelry instead.

Pre-owned jewelry is a savvier investment than buying a piece at full-price and here’s why.

 1. You will save a lot of money.

By far, the number one reason to shop pre-owned jewelry is to save a significant sum. Just like how a brand new car immediately depreciates once you drive it off the dealership lot, the value of your new Tiffany & Co. charm bracelet plummets the second it leaves the store. Going the pre-owned route allows you to smartly circumvent that (rather disheartening) drop-off in value and save yourself some serious cash.

2. You can make your budget go further.

While retail prices are firmly set (and will never go on sale), there is a much wider price range for pre-owned jewelry. If you have a set budget and a specific style in mind, it’s easier to find a pre-owned version that will satisfy both criteria. Similarly, if your budget won’t allow you to get the lavish jewels of your dreams, shopping pre-owned jewelry will help push that high-ticket item into your budget.

3. You can upgrade your collection worry-free.

After you sink a pretty penny on a piece of jewelry, it can be next to impossible to let it go: you’ll find yourself hanging onto it longer the more you spent on it. But pre-owned jewelry carries less of that sunk cost and dampens the fear that you need to cling to pieces you don’t even like anymore simply because they were expensive.

Pre-owned jewelry saves you money from the get-go so you don’t feel as financially affected. Moreover, online marketplaces like TrueFacet make it simple to sell or trade-in the jewelry that no longer suits your style, that way, they help you recoup a part of your initial investment.