Appraisal Question

[ksbug]

My fiance and I are getting ready to purchase a 3 stone setting and side stones from Whiteflash next week. Do we need to have the individual side stones appraised before we have them set them or given the reputation of Whiteflash, would it beprudent to go ahead and have them set and then have the ring appraised? Any thoughts would be appreciated. Thanks!

 

[Richard Sherwood]

I usually advise my clients that if the vendor supplies a lot of upfront information (ie major lab report, photos, optical images or report, etc.), and the client has a good opinion of the vendor, and is confident they are getting a fair price, then it's probably okay to go ahead and have the stones set with a subsequent appraisal on the finished ring.

It's practical in that it's quicker, cheaper, involves less to-&-fro shipping, and gives the client a document they can use immediately for insurance (most insurance companies won't insure loose stones).

 

[ksbug]

Thank you! This makes sense.

 

[newenglandgemlab]

Just make sure the price isn't overly inflated. Cindy