(Closed) Paid versus Appraisals

posted 6 years ago in Rings
  • poll: Was there a HUGE difference in what you paid versus what it appraised at?
    Yes! HUGE! : (23 votes)
    77 %
    Nope! Not at all! : (5 votes)
    17 %
    Kind of, it was close to the same. : (2 votes)
    7 %
  • Post # 3
    10366 posts
    Sugar Beekeeper
    • Wedding: September 2010

    Appraisals are basically always above what you paid. They do that for insurance purposes – it leaves room for appreciation of the metals, higher labor costs of replacement for the future should you lose or damage it.

    It isn’t what someone would pay for the ring. You will generally lose a huge percentage of the purchase price selling it.

    Post # 4
    863 posts
    Busy bee
    • Wedding: October 2013

    Appraisals for insurance purposes are generally twice what you paid.

    Post # 5
    6355 posts
    Bee Keeper

    WHICH type of appraisal? We paid far less than my “replacement value,” but more than “fair market value.”

    Post # 6
    172 posts
    Blushing bee
    • Wedding: March 2015

    My Fiance went to some wholesaler dude (sounds sketchy but it wasnt) who didnt charge him tax or extra fees.  I guess he appraised it at what he, the wholesaler, could replace it at. 


    Honestly, this wholesale process is kinda crazy. Zales, Jared, Kay etc seem to really jack up their prices in comparison to what the ring/diamonds are worth.

    Has anyone else noticed this? 

    Post # 7
    3823 posts
    Honey bee
    • Wedding: August 2013

    @heathuhhhhwebbbb:  yep! my ring cost around $8,400 but it was appraised for $15,000. The first time I misplaced it, he was sitting there cool as a fan. He kept repeating, “don’t worry… I got insurance on it. I’ll just buy you a bigger one next time so you won’t miss it if you put it down.” lol

    Post # 8
    11233 posts
    Sugar Beekeeper
    • Wedding: August 2013

    My ring was appraised for 2.5x what we paid for it.

    The topic ‘Paid versus Appraisals’ is closed to new replies.

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