appraisal on the Vatche Royal Crown RBC solitaire

You apparently found an appraiser that isn't familiar with the Vatche product or their pricing. I would be more inclined to say the "appraiser" didn't do their job correctly. They need to find out what that mounting is selling for at today’s platinum prices. It needs to be the Vatche mounting and not a similar style.

They simply can't say this style xyz is similar and I used that pricing. Vatche is a premium product and their product brings a certain price. Same can be said for Rolex, Tiffany, etc.

One of the largest problems I see is that most people think the appraiser is the final word and they are not. Many times they don't do the research properly or fail to use the most current pricing. Some times they are not even familiar with the brand they are appraising.

My 2 cents on that subject..........

Cheers,
Steve

Check with the appraiser and make sure they are answering the same question that you are asking.  We are not all familiar with the prices charged by the various designers and they can vary tremendously.

The usual question being asked in new pruchase/insurance assignments is:
‘How much should I expect my insurance company to be required to pay in order to replace this item with a similar one of like kind and quality in the case of a loss?’

Replacing a Vatche product with some other designers work is not ‘like kind and quality’, even if the substitute designer is excellent. The prices being charged by a hypothetical substitute are usually irrelevant.  It’s Vatche’s prices that count and the appraiser may have simply made a mistake in their research.  It’s always possible that the appraiser determined that your insurer could replace that ring with an identical one for less than you paid for a variety of reasons.  If this is the case, they should have no problem explaining their position. Ask ‘em.

Neil Beaty
GG(GIA) ISA NAJA
Independent Appraisals in Denver

There's never a crowd when you go that extra mile.

Ana "The greatest experts are only as good as the sum total of what they have seen." [Souren Melikian]

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