Diamond Appraisal 101 – Understanding the Basics
An appraisal is an opinion of value for a particular market on a particular date. It is usually in printed document format, describing all qualitative and quantitative attributes necessary to reach the value conclusion. The most likely reason clients request an appraisal of their ring is for insurance purposes should the diamond need to be replaced or repaired. However, there are other reasons for diamond appraisals too, including: estate tax valuations, value comparisons, liquidation or curiosity. No matter the reason behind the appraisal, it’s important to find a qualified appraiser. There are no laws that require jewelry appraisers to [...]