Is this "Appraisal Fraud" in your opinion ?
There is news that a 6 carat plus diamond has been offered on ebay. The diamond is pink in color, and has a GIA report that states it was HPHT processed.
The Buy it Now price is 1.2 million but there is an appraisal for 3 million that is included with it.
I''m gonna see if I can find this listing and edit this post with a link to it, here but initially the press release about this made me wonder.
It is going to be interesting to see if the appraisal is actually posted. Before I look at it, I wonder if there is a narrative explanation as to why an appraisal is offered for an amount that is greater than the offering price. I think most competent appraisers would agree that the valuation should be based on acheived comparable sales, and that even if there were the esistance of other sales for pink treated diamonds of this size for more, a valuation for the exact item should be a lot more inl line wity the price it is being offered for is far more proper, but it appears that sellers often value items that are sold for less for more, without credible and responsible explanation. It will be interesting to see if this expanation exists.
more on this later
Rockdoc
I''ll ammend this as I look at the details.
Rockdoc
There is news that a 6 carat plus diamond has been offered on ebay. The diamond is pink in color, and has a GIA report that states it was HPHT processed.
The Buy it Now price is 1.2 million but there is an appraisal for 3 million that is included with it.
I''m gonna see if I can find this listing and edit this post with a link to it, here but initially the press release about this made me wonder.
It is going to be interesting to see if the appraisal is actually posted. Before I look at it, I wonder if there is a narrative explanation as to why an appraisal is offered for an amount that is greater than the offering price. I think most competent appraisers would agree that the valuation should be based on acheived comparable sales, and that even if there were the esistance of other sales for pink treated diamonds of this size for more, a valuation for the exact item should be a lot more inl line wity the price it is being offered for is far more proper, but it appears that sellers often value items that are sold for less for more, without credible and responsible explanation. It will be interesting to see if this expanation exists.
Rockdoc
I''ll ammend this as I look at the details.
Rockdoc