(Closed) Antique/Estate rings… appraisals?

posted 7 years ago in Rings
Post # 3
Member
106 posts
Blushing bee
  • Wedding: June 2012

I am in the same boat! I have my Grandmothers ring from the 1950’s, its a .53C round cut in a square setting, the prongs are white gold & the band is yellow. Growing up I assumed it was easily over a carat & was a little taken aback after it was apprased and was much less than I see new rings going for now.

Post # 4
Member
3148 posts
Sugar bee
  • Wedding: February 2010

you should get it appraised for insurance purposes. 

mine was purchased from an antique store for $2,500 and appraised for $1,500. not sure if this is common for old rings or what, but we were kind of annoyed.  I think the appraiser was factoring in just the metal and diamond value only, and not factoring in the fact that it’s an antique.  

also: appraisals do follow some kind of system, but they’re still a little bit based on opinion. so you might get a different dollar amount depending on who appraises your ring.  my appraisal cost $75 so I don’t feel like getting a second opinion. 

Post # 7
Member
2589 posts
Sugar bee
  • Wedding: September 2012

You should have it appraised for insurance reasons – but just go in to it with NO expectations. I have my great grandmothers 1/3 ct ring- it was appraised twice, once for 3500 and once for 4500. The higher one had said it was worth more for being “old mine” cut which I guess is sought after by antique jewelry dealers (it was purchased in 1926).

Post # 8
Member
5118 posts
Bee Keeper
  • Wedding: November 1999

I’d say bite the bullet and spend the $75 to get the appraisal ASAP. We got engaged on a Saturday, and I parted with my ring for a day on Monday. The $$ hit would be hard, but imagine the loss of losing the ring or having it damaged without insurance! You may be surprised at what it appraises for (I was shocked, in a good way!). The clarity and cut of the diamond can mean a lot more when it comes to value than the size. 

Your ring is very pretty. I’d take it in for the $75 appraisal and get it insured. And then bring your appraisal papers in every few years to get it re-appraised (they’ll just make sure it’s the same ring and then value it with current gold and diamond prices). Mine went up over 1K in a year, so I updated my insurance.

Post # 10
Member
5011 posts
Bee Keeper
  • Wedding: April 2012

I have two appraisals. One from five years ago for £5000, one from last year for £4650. I think the earlier one is more accurate, as it was done by an antique jewellery expert.

It’s quite a subjective thing with antique rings, especially as most of them have hand-cut stones rather than the precision machine-cut ones these days. 

Post # 11
Member
3148 posts
Sugar bee
  • Wedding: February 2010

@SFreeman2187: mine is similar to yours (in that we both have illusion settings). but mine is white gold with a platinum head and no side diamonds.  .5 ct, old european cut diamond. 

this thread is totally making me feel better about what mine was appraised for. we thought we got ripped off, but I need to remind myself that it could have had a totally different outcome if I had gone to a different appraiser. 

 

Post # 13
Member
5011 posts
Bee Keeper
  • Wedding: April 2012

Mine is late 40s and is actually shallower than most modern cuts, but still with a much smaller table and slightly irregular facets.

Post # 15
Member
5118 posts
Bee Keeper
  • Wedding: November 1999

@SFreeman2187: Did your ring come with any papers/descriptions when you received it? The jeweler I used gave me a reduced price appraisal since they didn’t need to determine the size/clarity/color of the stone from scratch, they just had to verify that the specs were accurate. That may help a bit on the cost.

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