I have a ring which I had custom made in 1991. After learning about diamonds and looking closely at another single diamond ring with a loupe I started to question the value I had paid back then.
The ring has 7 marquise diamonds and cost me £2500 the same price as a single stone ring I viewed which also cost £2500 and looked better clarity wise and perhaps colourwise.
I today received the valuation which a gemmologist in the same jewellers who had it valued had also double checked before calling me and I was not surprised to hear it was just £1850. This was not the jewellers where the ring was bought.
I do believe they are correct because the ring has small stones and was bought in 1991 whereas the ring I was comparing it with was just bought last year and had a single solitaire. Both stones were set in a lot of 18 carat gold.
I have a few questions though for those of you who are experienced in appraisals or any of the general public who want to comment.
As my ring was custom made would that have been taken into account in the appraisal or would that make a difference. I cannot remember if I said I had it specially made to my design or not and believe I just assumed the appraiser would know from looking at the ring.
I realise the laws are different in America but would I have any comeback with the jeweller who provided me with the ring. I believe she had someone make it and it was not made on her premises. The store still trades under the same name but I do not know if it has the same owners so would that make a difference also. Should I ask the citizens advice bureau for advice. Should I even pursue this now at this late date twelve years on or am I out of time?
It is a small jeweller, I knew nothing much at the time, I do not think the jeweller was trying to do me as they had only taken over the jewellers.
I am just wondering what to do. I am a bit disappointed with the valuation but I really expected it anyway, so in a way I feel I do know a little now about diamonds as an amateur ofcourse.
Anybodys views welcome.
p.s. It was a valuation for insurance purposes, I know it is important what type of valuation we ask for.
The ring has 7 marquise diamonds and cost me £2500 the same price as a single stone ring I viewed which also cost £2500 and looked better clarity wise and perhaps colourwise.
I today received the valuation which a gemmologist in the same jewellers who had it valued had also double checked before calling me and I was not surprised to hear it was just £1850. This was not the jewellers where the ring was bought.
I do believe they are correct because the ring has small stones and was bought in 1991 whereas the ring I was comparing it with was just bought last year and had a single solitaire. Both stones were set in a lot of 18 carat gold.
I have a few questions though for those of you who are experienced in appraisals or any of the general public who want to comment.
As my ring was custom made would that have been taken into account in the appraisal or would that make a difference. I cannot remember if I said I had it specially made to my design or not and believe I just assumed the appraiser would know from looking at the ring.
I realise the laws are different in America but would I have any comeback with the jeweller who provided me with the ring. I believe she had someone make it and it was not made on her premises. The store still trades under the same name but I do not know if it has the same owners so would that make a difference also. Should I ask the citizens advice bureau for advice. Should I even pursue this now at this late date twelve years on or am I out of time?
It is a small jeweller, I knew nothing much at the time, I do not think the jeweller was trying to do me as they had only taken over the jewellers.
I am just wondering what to do. I am a bit disappointed with the valuation but I really expected it anyway, so in a way I feel I do know a little now about diamonds as an amateur ofcourse.
Anybodys views welcome.
p.s. It was a valuation for insurance purposes, I know it is important what type of valuation we ask for.