Jewelry Appraisals
What is Worth? Any statement of worth has to contain an element of what it’s worth, to whom, and under what circumstances. Without that you got nothing. Words on a page. Vapor. Cynics answer this with: “It’s Worth Whatever Someone Will Give You For it.” While true in a certain dystopian sense, that’s not a … Read more
Vendor Appraisal: Don’t Be Fooled by Free Estimates Many jewelry buyers are tempted by the offer of a “free appraisal” included with their purchase. While it might seem like a generous perk, is it truly a valuable asset, especially when it comes to insurance claims? Let’s delve into the world of vendor appraisals and uncover … Read more
One of the key reasons to get an independent appraisal on a new item is quality control. Sure, you’ve got a GIA report with a bunch of the relevant data, and you’ve got a good idea of the price since you’ve been shopping for months to find exactly the right item, and the seller will … Read more
“A diamond is forever.” Everyone has heard this slogan to advertise DeBeers’ diamonds, and it’s basically true. Al though you can break or lose them, diamonds are not particularly perishable. This has created a whole segment of customers who find that they have diamonds that they no longer need or want and who would just … Read more
Any statement of value must contain the elements of what something is worth, to whom, when and under what circumstances. An unexplained number is at best useless, and quite possibly misleading. That’s just fundamental to the concept of value and nearly every discussion of value ends up with someone talking about ‘fair market value’ as … Read more
[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
[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