Resale Value vs. Appraisal Value

Resale Value -The definition of value can be the heart of confusion in Appraisal. American Gem Registry llc and Neil Beaty can help.

[sc_fs_multi_faq headline-0=”h2″ question-0=”1. Why is my jewelry’s resale value so much lower than the value on my appraisal report?” answer-0=”Most appraisals (roughly 90%) are written for insurance replacement purposes. This value represents what it would cost to buy a brand-new equivalent at a local retail store, including the jeweler’s profit, labor, and “bundle of benefits” … Read more

What Does Appraised Value Mean for Jewelry Appraisals?

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[sc_fs_multi_faq headline-0=”h2″ question-0=”1. Why isn’t an “appraised value” just the amount of money I can get if I sell my jewelry today?” answer-0=”An appraisal for insurance is not the same as a “bid” to buy. When you sell jewelry, the price depends on who is buying, their current inventory, and even their local popularity. An … Read more