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#805358 - 12/06/12 02:56 PM jewlry Appraisal Question *****
Idaho Mike Offline
Carcass

Registered: 01/01/03
Posts: 2190
Loc: Post Falls Idaho
I am up in Alberta after my Mother in Law died last week. busy cleaning out stuff and taking care of the estate. We have a diamond ring that was appraised at $6500 for replacement. It now belongs to my Sister in Law. We stopped by a place that has a good reputation to see what they would pay. They offered $500.

I know the appraised replacement value is not the market value. Does anyone on here know what kind of place is best to get a fair price for the ring? Does anyone know what the usual percentage difference is between appraised value and market value? The place that offered the $500 is basically a pawn shop.

Any help is appreciated.

Mike

P.S.

May be a strange question on the darkside, but I would guess some of you know about this stuff.
_________________________
"90% of Life is just showing up and doing the work". Tred Barta Sr.

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#805367 - 12/06/12 03:14 PM Re: jewlry Appraisal Question [Re: ]
Sky-Guy Offline
The Tide changed

Registered: 08/31/00
Posts: 7083
Loc: Everett
Mike, I used to work for a numismatist and jeweler, & actually have a NGI certification under my belt.

To find out what the stone is worth, you need to know what the size and rating is for the stone, then ask to have it compared against a recently published Rappaport sheet which is a very commonly used market pricing index for diamonds. It is used for sales, and I think it would be fair for you to expect a price in the range of 15-20% less than what the stone is going for on Rappaport.

The finding, or ring setting, is only worth it's melt down weight + quality (14k, 18k, etc...) during resale.

edit: Warning, Pawn shop owners don't like customers who know what they are talking about. I'd suggest going to a jeweler that buys and sells, ask them to Rappaport the stone for you, and you'll come across as knowing WTF you are talking about and get better treatment.



Edited by Sky-Guy (12/06/12 03:23 PM)
_________________________
You know something bad is going to happen when you hear..."Hey, hold my beer and watch this"

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#805378 - 12/06/12 03:34 PM Re: jewlry Appraisal Question [Re: Sky-Guy]
Idaho Mike Offline
Carcass

Registered: 01/01/03
Posts: 2190
Loc: Post Falls Idaho
Thanks Sky Guy. That is exactly the information I was looking for and it really helps. Hank, thanks for your repsonse too. Mike
_________________________
"90% of Life is just showing up and doing the work". Tred Barta Sr.

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#805420 - 12/06/12 05:40 PM Re: jewlry Appraisal Question [Re: Sky-Guy]
Jerry Garcia Offline



Registered: 10/13/00
Posts: 9013
Loc: everett
Originally Posted By: Sky-Guy
Mike, I used to work for a numismatist and jeweler, & actually have a NGI certification under my belt.

To find out what the stone is worth, you need to know what the size and rating is for the stone, then ask to have it compared against a recently published Rappaport sheet which is a very commonly used market pricing index for diamonds. It is used for sales, and I think it would be fair for you to expect a price in the range of 15-20% less than what the stone is going for on Rappaport.

The finding, or ring setting, is only worth it's melt down weight + quality (14k, 18k, etc...) during resale.

edit: Warning, Pawn shop owners don't like customers who know what they are talking about. I'd suggest going to a jeweler that buys and sells, ask them to Rappaport the stone for you, and you'll come across as knowing WTF you are talking about and get better treatment.




Take the ring to at least 2 different jewelers.
_________________________
would the boy you were be proud of the man you are

Growing old ain't for wimps
Lonnie Gane

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#805423 - 12/06/12 05:49 PM Re: jewlry Appraisal Question [Re: Jerry Garcia]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Pawn shop owners are known scumbags and rip off artists that deal mostly with other scumbags, thieves, and drug addicts.

smile
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#805430 - 12/06/12 05:55 PM Re: jewlry Appraisal Question [Re: ]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
What would lead you to ask a question like that?

smile
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#805445 - 12/06/12 06:22 PM Re: jewlry Appraisal Question [Re: ]
RowVsWade Offline
River Nutrients

Registered: 11/08/06
Posts: 3359
Loc: Island Time
Originally Posted By: Hankster
Is that a call out to anyone in particular, or is that a personal observation?

smile


Hank---Dans still mad that his Mom pawned her wedding ring from her first marriage. Now that she can legally marry her girlfriend up here that ring woulda' come in handy.

She'll have to pimp her fat as.s out down at the Wild Rose for 6 months to get the 50 bucks to buy a new one.
_________________________
"...the pool hall I loved as a kid is now a 7-11..."

If you don't like our prices bring your wife down and we'll dicker.

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#805451 - 12/06/12 06:32 PM Re: jewlry Appraisal Question [Re: ]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Must have hit a nerve. rofl
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#805457 - 12/06/12 06:49 PM Re: jewlry Appraisal Question [Re: ]
RowVsWade Offline
River Nutrients

Registered: 11/08/06
Posts: 3359
Loc: Island Time
I focus on guns and tools Hank..... wink
_________________________
"...the pool hall I loved as a kid is now a 7-11..."

If you don't like our prices bring your wife down and we'll dicker.

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#805458 - 12/06/12 06:51 PM Re: jewlry Appraisal Question [Re: RowVsWade]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Originally Posted By: RvW
I focus on stolen guns and tools Hank....


Typo.
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#805468 - 12/06/12 07:03 PM Re: jewlry Appraisal Question [Re: ]
RowVsWade Offline
River Nutrients

Registered: 11/08/06
Posts: 3359
Loc: Island Time
She strikes me as more of a Black & Decker type. lol

pun intended
_________________________
"...the pool hall I loved as a kid is now a 7-11..."

If you don't like our prices bring your wife down and we'll dicker.

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#805469 - 12/06/12 07:06 PM Re: jewlry Appraisal Question [Re: RowVsWade]
Dan S. Offline
It all boils down to this - I'm right, everyone else is wrong, and anyone who disputes this is clearly a dumbfuck.

Registered: 03/07/99
Posts: 16958
Loc: SE Olympia, WA
Originally Posted By: RvW
She strikes me as more of a stolen Black & Decker type.


Another typo.
_________________________
She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames

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#805509 - 12/06/12 09:50 PM Re: jewlry Appraisal Question [Re: ]
fish4brains Offline
Dah Rivah Stinkah Pink Mastah

Registered: 08/23/06
Posts: 6207
Loc: zipper
_________________________
...
Propping up an obsolete fishing industry at the expense of sound fisheries management is irresponsible. -Sg



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