When I purchased my diamond, I received an appraisal from the jeweler I bought it from. Fully knowing that this will be biased and will not be as accurate as from a 3rd party appraiser, I was amazed to see this statement in the appraisal:
"I have no past, present, or future interest in the property which is the subject of this report, no relationship with the parties of this report which would result in any bias on my part and my involvement with this assignment and my fee arrangement is not in any way contingent on the success of any venture for which this report may be utilized..."
Doesn't the jeweler owning the property in the past constitute an interest in the property? Doesn't the fact that I can still return the diamond constitute a present and future interest in the property? Isn't the relationship of buyer and seller one that would result in a bias if the seller was doing the appraisal?
Also, I got a custom setting made not by them and they held off on the appraisal until I provided them information on the setting. I called them and told them what kind of setting it was, what metal it was, how much it weighed, and how much I paid for it. This information was incorporated into the final appraisal. I was surprised to see in the appraisal a description of how they determine the metal such as acid test, reliance on manufacturer's trademark, etc. But doesn't mention that they just take the word of the customer...
Anyways, I purchased from a reputable jeweler but was a little surprised that the appraisal has these statements which do not appear to be true.
Any thoughts?
"I have no past, present, or future interest in the property which is the subject of this report, no relationship with the parties of this report which would result in any bias on my part and my involvement with this assignment and my fee arrangement is not in any way contingent on the success of any venture for which this report may be utilized..."
Doesn't the jeweler owning the property in the past constitute an interest in the property? Doesn't the fact that I can still return the diamond constitute a present and future interest in the property? Isn't the relationship of buyer and seller one that would result in a bias if the seller was doing the appraisal?
Also, I got a custom setting made not by them and they held off on the appraisal until I provided them information on the setting. I called them and told them what kind of setting it was, what metal it was, how much it weighed, and how much I paid for it. This information was incorporated into the final appraisal. I was surprised to see in the appraisal a description of how they determine the metal such as acid test, reliance on manufacturer's trademark, etc. But doesn't mention that they just take the word of the customer...
Anyways, I purchased from a reputable jeweler but was a little surprised that the appraisal has these statements which do not appear to be true.
Any thoughts?