Jewellery Valuations - what percentage under is a good deal

[treasurehunter]

Hello,
Jewellery valuations are inflated valuations correct?
What do jewellers usually sell for under the valuations
and What would be considered a good deal or bargain price under a valuation ?

 

[diamondseeker2006]

Re: Jewellery Valuations - what percentage under is a good d

The valuations really mean nothing a lot of the time. Your best bet is to compare like diamonds in an inventory such as Blue Nile or James Allen to get a value as long as the stone is GIA graded. If it is not graded, you must find an independent appraiser who does not sell jewelry but who has the credentials to appraise jewelry. If you can determine a normal retail price, then 10% off might be good to some people and 50% off to others. But a valuation can easily be double what an item is really worth, so 50% of that could potentially be full retail!

 

[treasurehunter]

Re: Jewellery Valuations - what percentage under is a good d

ok so say a blue nile diamond and ring gets sent to a jewellery appraiser , are you saying more or less it will be at least double?

 

[Gypsy]

Re: Jewellery Valuations - what percentage under is a good d

No she's saying that there is no way to know what that appraiser was doing. There is no standardization for appraiser. And also the value could be different depending on the purpose of the appraisal that the appraisal was told to appraise for.

So basically, an appraisal you know nothing about (isn't from an appraiser that you know and where the PURPOSE of the appraisal is not listed) is toilet paper.

So you are better off looking up comps yourself on Blue Nile using the lab report details. Then offering a percentage off retail of that.


Here's what she means:

Say someone is selling a round brilliant that is GIA 1.01 cts G VS2 and is Excellent Cut, and has good angles (Good HCA score) in this setting http://www.bluenile.com/tapered-baguette-engagement-ring-platinum_41881.... Then you look closer and it's a 60/60. So you stick to those. Or you see it's a Tolk.. .and then you stick to those.

So you go to Blue Nile and you look for stones with those same characteristics.
Here's a good one if it is a 60/60 AND IF IT HAS FLUORESCENCE : A) http://www.bluenile.com/diamond-search?pt=setform&track=NavDiaSeaRD#diamonds_pid=LD04524045
And here's a good one if it's a Tolk and has NO FLUORESCENCE: B) http://www.bluenile.com/diamond-search?pt=setform&track=NavDiaSeaRD#diamonds_pid=LD04500366

The reason I picked those two to illustrate my point is you can see VERY clearly how the 60/60 plus Fluorescence discounts the stone. SO you have to find as close a match as possible.

So then you do this:
Setting; 1400
Stone A: 6550

Or this:
Setting: 1400
Stone: 7520


Then you decide what percentage of that is worth it for you.

For me, I usually want about 10-40% off the stone (depending on how badly I want it). And either 1/2 off the setting or, frankly, the setting for free. Settings don't hold their value. So once you have the retail price figured out, then you figure out what you think is a fair value TO YOU, for that piece. And then you offer that. If they accept it great. If they don't... you can try to show them why you feel that the value you offered is fair and see if you can negotiate from there.


If there is no lab report. Then the only way you can find out what it is worth is have the seller send or take it to, or meet you at an INDEPENDENT appraiser that is WORKING FOR YOU (so you pay for it), and you tell them the PURPOSE is to determine a fair price for a RESALE (not retail value, but resale value) transaction of the piece. AGAIN, the appraiser matters and so does the PURPOSE for the appraisal.