Diamond Ring Appraisal Requires Various Opinions

2008-05-09 12:23:24

( Financial )



If you have been planning to sell that diamond ring, whether a Benchmark ring or not, that has been passed on to you as heirloom by your great grandmother, then you have to do your homework. Start by knowing the estimated value of your ring. If you think that the ring is of important value, then you can confirm it by conducting a ring appraisal. Make sure to seek out more than one opinion about ring appraisal.

To start getting a ring appraisal, you can ask an experienced jeweler about how much it would cost to replace the ring in case you lose it. Although you will get an estimated value through this method, you will not be given an official ring appraisal certification despite paying for a flat fee ring appraisal charge.

If you want an educated ring appraisal as to what would be the starting price of your jewelry at an auction, you can consult with someone who works in an auction house. While those who work in auction houses may not be gemologists, they have an idea, based on experience, as to the type of buyers who would be interested with your ring and the estimated amount of the price that auction buyers are willing to pay for such item.

In case the auction house employee believes that your ring is really of higher value, you can proceed to consult with a diamond expert who can be an independent appraiser or a gemologist. Find an appraiser or gemologist who has the sufficient training and certification from any of the reputable organizations in the country. To get a ring appraisal, an appraiser estimates based on the current replacement cost of comparable quality. Keep in mind that you will have to pay for ring appraisal performed by an appraiser or gemologist.


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