Let's say one PSer in US wants to buy a loose diamond from another PSer who is overseas. Super Ideal, branded, AGS cert stone. Price is agreed with a couple requirements. Independent appraiser inspects the stone for damage and AGS specs, mainly color, match appraisal even though color can be subjective. Other than that the price is pre-determined. If requirements are met seller is paid.
How is seller protected? Shipping even a loose stone overseas is expensive. How does seller know that they will get paid?
How is buyer protected? Buyer would need to ensure that the stone is at the appraiser before paying.
I guess my question is whether appraisers also act as financial brokers and would manage the above terms to protect both seller and buyer? If yes, how much would this cost assuming the price is 20k?
How is seller protected? Shipping even a loose stone overseas is expensive. How does seller know that they will get paid?
How is buyer protected? Buyer would need to ensure that the stone is at the appraiser before paying.
I guess my question is whether appraisers also act as financial brokers and would manage the above terms to protect both seller and buyer? If yes, how much would this cost assuming the price is 20k?