(Closed) Ring appraisal advice

posted 7 years ago in Rings
Post # 5
Member
3799 posts
Honey bee
  • Wedding: June 2012

Why would you snoop to find the ring paperwork? That’s kind of like trying to see how much someone spent on a birthday gift to make sure that it is up to par? Just trust what the jeweler and your Fiance agreed on/did together! I hope that’s not what you meant but I sort of took it that way.

If the jeweler did an apprasial already, I’m not sure why you would need a second one. We had the jeweler do one and that’s all we needed to insure it. If you are just getting it appraised to insure it and it was already done, I’d just be satisfied with that.

Post # 6
Member
490 posts
Helper bee
  • Wedding: January 2016

I think it is up to you.  I am considering getting my re-appraised because I feel the same way you do, but I have a gemstone and want to make sure its what they say it is.

Post # 7
Member
477 posts
Helper bee
  • Wedding: March 2011

Just tell him to get it insured now and leave it at that.  The insurance company will determine if the appraisal is legit,

Post # 8
Member
1843 posts
Buzzing bee
  • Wedding: September 2011

We had one appraisal and I felt comfortable with it (especially considering it was more than what Fiance paid).  I’m assuming you would have to pay for a second appraisal, so it really doesn’t seem worth it to me.

Post # 9
Member
1458 posts
Bumble bee

I’m in the same boat I don’t have the ring yet, but SO does.  Anyway I made sure that stinker was appraised and insured when he got it.  But I was told by my insurance company that you didn’t have to have an official appraisal unless the ring was over $5,000.  We had one done anyway, but just FYI. 

Post # 10
Member
592 posts
Busy bee
  • Wedding: June 2012

I don’t see why you would need a second appraisal. We had one done by the jeweler who made/sold us the ring. It apprised for me than we paid (which is normal I believe). I am now getting new insurance and he is revising the appraisal since the diamond/gold market has changed dramatically in the past year. The insurance company also wants a picture. I don’t see why any jeweler would appraise the ring for less then the replacement cost of it.

Post # 11
Member
3572 posts
Sugar bee
  • Wedding: September 2011

@soyjoy222: I agree.  The ring is going to be yours when you get it, but the value of it?!  That’s not really your business.  Your Fiance bought you a ring, and how much he paid / or how much the ring is worth is private.  If he wants you to know what it is worth, he can tell you after the propsal.

Post # 12
Member
833 posts
Busy bee
  • Wedding: May 2012

It’s recommended to have the ring independantly appraised.  My ring is from a reputable jeweller, however it only cost $75 to have someone who was accredited (ie NOT a jeweller) appraise the stones/metal.  The person I used did it right in front of Fiance and I, and it was pretty neat.  He verified all the stats on the GIA certificate (without seeing it), and provided a thorough document of the properties of the ring including pictures for insurance purposes.  The appraiser we used told us that he has seen plenty of people who have come to him thinking they bought a diamond when they hadn’t.  So I’m like you,,, err on the side of caution!

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