Diamond Ring Appraisal Vs Resale Value

It is important to understand fully what a diamond appraisal is for and what the value of the appraisal represents when it comes time to sell your diamond.

Diamond ring appraisal vs resale value.

Appraisals diamonds uncategorized 0 one of the most common questions i get as an appraiser is why resale values meaning the prices people can get for their jewelry are so different from the values seen on appraisal reports. Understanding the different diamond valuations will help you make the right decisions when selling your diamond. Figure out the retail market value of your diamond. Resale value so you can sell with confidence.

It would likely be appraised at double the price at 9 164. The best way to figure out the value of your diamond is to compare it to other gems with the same characteristics. However the resale value of a diamond is almost always significantly less than the amount you or your fiancé paid to purchase the diamond when it was new. For example this halo diamond ring sold for 4 582.

An appraisal of a diamond is like any other appraisal done on a piece that carries value and may be covered under ones insurance. We re breaking down the difference between your diamond s appraised value vs. All diamonds from the center stone of an engagement ring to a pair of diamond earrings have resale value. In other words the appraisal doesn t represent the true value of the diamond ring.

Diamonds work in the same way.