How much do you tell an appraiser?

[elliemay]

I've taken my ring in to be repaired (already lost a little stone! ) and asked them to do an valuation for insurance purposes while they have it. I already know what I have as Neil Beatty appraised the stone right after I bought it and it came with a GAL valuation, but I need a UK valuation for UK insurance purposes - should I tell them what I already know about the diamond?

I hope this isn't a stupid question -- was just thinking there may be a difference in the carat weight of the diamond as they'll be valuing it as a set stone and Neil's appraisal and the GAL valuation were done while it was loose.

 

[Ravinmad]

as I understand it, a mounted evaluation versus a unmounted evaluation is difficult at best, colors can be skewed from the ring itself, and I would likely provide the information from your initial purchase and allow that appraiser to validate it and that is probably the best option you have in my opinion.

 

[slg47]

yes I would tell them what you know because you are not looking to get information about the stone...you are just looking for a replacement value.

 

[elliemay]

Excellent -- thanks! I'll give them a call tomorrow to let them know what I know. I genuinely wasn't sure whether I was supposed to volunteer any info or not and they didn't ask any questions when I was there, so I didn't want to make a fool of myself by going into specifics about the ring but started to second-guess myself today.