Joined: Sun Oct 16, 2005 12:22 pm Posts: 21602 Location: San Francisco
You are ahead of yourself. The first thing you must understand is the legal liability you assume when doing valuations. Secondly, properly defining the market for your valuation and being able to back it up.
Currently, you are NOT qualified to do appraisals.
Joined: Sun Oct 16, 2005 12:22 pm Posts: 21602 Location: San Francisco
One defines the cut, color, clarity, weight of the diamond(s)
One defines the desirability and saleability of the stone or jewel it is set in. Signed Tiffany is more desirable and saleable than the solitaire purchased at WalMart. A GIA Grading Report makes the diamond more easily tradeable.
One defines the market for valuation. Retail in a secondary or primary market Probate Fair Market Liquidation
One defines the nature of the market. Online Brick and Mortar Auction Pawn Shop Private Sale
One defines the location of the market. New York California Michigan
One researches values taking into account all appropriate variables.
There is no Blue Book of pricing. If one says check Rapaport, it is not helpful. Again, under what conditions? A pawn shop might buy at 70% back, a guild retailer might sell at Rap + 50%. A secondary retailer might sell at Rap + 10%. An online retailer might sell at 15% back.
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