Appraisal: To Set or Not to Set

Date: 12/15/2006 12:43:17 PM
Author:Midway
So, I am now considering the question of getting my stone appraised. One question that has come up is should I have it appraised before or after setting the stone or both. Given below, before setting.

I want an appraisal for peace of mind, i.e. independently verify that the stone I'm getting is the one reflected in the report. And also, to get an opinion on how accurately it was graded by GIA. - this is the critical comment

Also, I need an appraisal of the ring for insurance purposes.

I'm using a custom jeweler to put together my ring and he says he works with an independent appraiser and he offered her services for convenience. Her fees seem in line with what I've seen reported on the forum (maybe a little less than average). My question is, should I be concerned that the appraisal will not be 'indepedent' since the jeweler and the appraiser obviously work with each other a lot. yes

Finally, how much can an appraiser analyze the stone once it's set? Will that affect their ability to be able to tell me whether it's a true H&A, or whether the dimensions are correctly reflected on the report? this is impossible set.  And further, the other level of detail sounds like your seeking sets your parameters.  See above under "Resources", then "Appraisers" for local appraisers in your area.  If you find them on your own, and your vendor happens to know them...well, find that out after your appraisal is done.

Date: 12/15/2006 1:06:44 PM
Author: Midway
Thanks for the quick responses! I trust my jeweler and I agree with Modified that I have nothing to suspect they are 'working together.' I thought it was worth asking, though, whether it was a common practice for a jeweler to recommend a preferred appraiser. My time constraints make the decision more difficult, otherwise I would just have the stone sent out and verified here locally.

I live in Chicago btw, and I've only seen one appraiser listed for this area on the PS appraiser locator. Can anyone recommend an appraiser in the Chicago area? The only one listed is Richard Drucker of Gem World, anyone have any experience with him?

My other option is to have an appraiser in the northern VA, DC area appraise the stone. That way, the transportation time would be lessened, since that's where the jeweler is located. Can someone recommend an appraiser in that area as well?

Any suggestions greatly appreciated!