Bees that bought jewelry from etsy/online: did you get it appraised?

posted 3 years ago in Rings
  • poll: Did you get your online purchase appraised?
    Yes, and it was exactly what the seller said : (1 votes)
    8 %
    Yes, and it was worth less than I paid : (2 votes)
    17 %
    No, but I will : (0 votes)
    No, I don't care : (5 votes)
    42 %
    Other? : (1 votes)
    8 %
    Yes, and it appraised for more : (3 votes)
    25 %
  • Post # 3
    Member
    2661 posts
    Sugar bee
    • Wedding: August 2015

    @atreyu547:  You need one more option “Yes and it appraised at more than what I paid!” My e-ring was ordered online, and we got it appraised. The appraiser said the company we got it from uses more wholesale prices, but appraisals should be brick & mortar prices for insurance purposes. So my e-ring appraised at almost 1.5x more than we paid for it.

    Post # 5
    Member
    2661 posts
    Sugar bee
    • Wedding: August 2015

    @atreyu547:  I think it’s a good idea to get it appraised. It’s also good for insurance, especially with inflation. It’s good to have a cushion in case something happens and you need your insurance to pay for a new ring.

    Post # 6
    Member
    6407 posts
    Bee Keeper

    the replacement value appraisal should be more than double retail price, keep this in mind.

    Post # 8
    Member
    6407 posts
    Bee Keeper

    @atreyu547:  hmmm, good question and I’m not an expert on that, sorry, I was thinking of “new” diamonds. What I can say is that antique insurance appraisals do tend to be higher than their value if you sell them, but I’m not sure about the usual ratio of retail/insurance appraisal with antique diamond rings vs. new ones, beyond that I’d expect the replacement valuation to be higher than what I paid, in either case.

    Post # 9
    Member
    6407 posts
    Bee Keeper

    This suggests that the replacement value of antiques will be even greater than the replacement value of “new” items, as compared to actual market value, but this doesn’t take into account market value vs. retail value (which might also be different between the two) or anything that might be specific to antique diamond rings. But these are things you could ask an appraiser.

    http://www.appraisalassociates.ca/pdf/Right-Value.pdf

     

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