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https://www.idonowidont.com/blog/truth-about-jewelry-appraisals
Mar 07, 2015 · In the jewelry industry, most “insurance appraisals” are given values of approximately 100% above retail value. These appraisals are inflated, and do not reflect the true value of the diamond. You may go to a jewelry store and receive an appraisal at double the price you paid for the diamond. For example, you purchase a diamond ring for $10,000 and the appraisal says the diamond …Estimated Reading Time: 2 mins
https://www.wpdiamonds.com/diamond-jewelry/diamond-jewelry-selling-guides/understanding-jewelry-appraisals/
A jewelry appraisal (also known as a jewelry valuation) is a document you may receive from a high end jeweler or jewelry appraiser that describes the item of jewelry being valued and then gives a value that the item should be insured for. The appraisal should describe the jewelry item stating an estimated diamond weight, an approximate color ...
https://forums.nasioc.com/forums/showthread.php?t=1117160
Oct 19, 2006 · That may be higher or lower than what you paid. But the insurance company likes high appraisals because they get more money as long as the item isn't lost. And sometimes the owner likes high appraisals because they will get more money if the item is lost.
https://www.ringspo.com/jewelry-appraisal/
The appraisal value will also affect the amount you’ll pay for the premium – the higher the value, the higher the insurance premium. Other reasons to get your jewelry appraised are the following: For tax purposes. To find out the value of jewelry you have inherited.Estimated Reading Time: 11 mins
https://www.worthy.com/blog/knowledge-center/diamonds/jewelry-reappraised/
Feb 18, 2016 · If a third party such as an insurance company needs current information as to condition and value. If there is volatility in the marketplace which causes severe gyrations of gems and metals prices or if there is a prolonged period of deflation or inflation.
https://www.survivedivorce.com/jewelry-appraisal
Aug 12, 2020 · A higher appraisal allows an insurance company to charge higher insurance premiums. The replacement value may actually only be half of what the appraisal is. Jewelry stores use inflated appraisals to make it seem like someone is getting a great deal when the dealer offers to sell them a piece of jewelry at a big markdown from the appraised price.Estimated Reading Time: 9 mins
https://goodjewelleryguide.com/jewelry-appraisal-guide/
It is advised to update your appraisal at least every 7 years. Because in those times, everything related to jewelry, such as prices, values, rate of preferability, etc., can vary and also your jewelry values too. As an advantage, let’s say the appraisal value goes up, your insurance does as well.Estimated Reading Time: 6 mins
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