evansjm1
Shiny_Rock
- Joined
- Mar 24, 2009
- Messages
- 146
I''m a little confused on the appraisal front. I remember my mom saying that, "appraisals always come in high." Is that true? If so, why? And how much higher over retail?
I''m not very clear because I am very lucky to have a good friend who is a gemologist and owns his own store. He gave us my e-ring at or near wholesale. The appraisal he gave us for insurance purposes was written for much, much more than we paid though....about 175% more.
So for a B&M store, what is typical markup from wholesale to retail? And then is there an additional markup from retail to appraised value?
If it helps, I''m talking about a HOF AGS0, 1.62 ct, I , VS1 stone in a HOF setting. I''m not looking to sell or anything. Just kind of trying to figure out what it''s real "worth" is.
Any education would be much appreciated
Thanks!
I''m not very clear because I am very lucky to have a good friend who is a gemologist and owns his own store. He gave us my e-ring at or near wholesale. The appraisal he gave us for insurance purposes was written for much, much more than we paid though....about 175% more.
So for a B&M store, what is typical markup from wholesale to retail? And then is there an additional markup from retail to appraised value?
If it helps, I''m talking about a HOF AGS0, 1.62 ct, I , VS1 stone in a HOF setting. I''m not looking to sell or anything. Just kind of trying to figure out what it''s real "worth" is.
Any education would be much appreciated

Thanks!