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 Post subject: jewelry apraising basics?
PostPosted: Thu Jun 11, 2015 7:39 am 
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Hello!

How do you appraise jewelry?

Example: Simple 14k 5grams white gold ring with 10pcs 0,02ct SI/G-H and 1pcs 0,20ct SI/G-H diamond in center.

How u appraise this/where u get the gold/diamond/work prices and how u calculate them.

thanks


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 Post subject: Re: jewelry apraising basics?
PostPosted: Thu Jun 11, 2015 11:02 am 
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I think we touched on this here:
viewtopic.php?f=10&t=21166

Markets are not universal.
Appraising is a science which can not be explained in a forum post.


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 Post subject: Re: jewelry apraising basics?
PostPosted: Fri Jun 12, 2015 1:21 am 
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Hello!


Ok but lets say i can examine diamonds so where i get the diamond price data and how to calculate it.

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 Post subject: Re: jewelry apraising basics?
PostPosted: Fri Jun 12, 2015 10:53 am 
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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.


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 Post subject: Re: jewelry apraising basics?
PostPosted: Mon Jun 15, 2015 4:42 am 
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Hello!

Yes i now that and im not doing appraisals.

I have not say that in previous posts.

Im just asking for curiosity where do professionals check example diamond price.

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 Post subject: Re: jewelry apraising basics?
PostPosted: Mon Jun 15, 2015 12:39 pm 
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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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