asscherisme
Ideal_Rock
- Joined
- Mar 6, 2006
- Messages
- 2,950
A few years ago I bought myself a circle pendant in platinum on a fixed platinum chain. I never had it insured even though its very good quality.
My 4 year old daughter recently ripped it off my neck damaging the clasp enough that I had to have it repaired. It occured to me that since I can not afford to replace it now and I woud be really upset if it was lost, I decided to have it appraised at the same time I had it repaired so I could add it to my insurance policy.
I want to emphasize that the place I had it appraised at is not the same place it was purchased. But the place of repair is a jewelry store, although it was appraised by a GIA gemologist.
First the stats- 16 round diamonds, E color VVS2-VS1 clarity, ideal cuts, 1.03ctw, circle pendant, set in platinum on a 16inch chain, 10.9g total including diamonds.
The appraised price came in at $6,200.
This seems horribly inflated to me. I paid $3,000 for it 4 years ago.
What do you all think? Is it close to accurate and should I just add it to my policy? I hate to pay another appraiser right now, money is tight at this point. I really like to wear this neclace almost daily. I bought it wth some money I interited from my grandfather so I feel its sort of a gift from him and it means a lot to me.
Bottom line- my daughter ripping it off my neck made me realize how easy it would have been to lose and I can afford the premium but I can''t afford to replace the neclace. I pay 1cent per hundred, so right now it would cost me $62 to insure. So for example it was really worth $4K it would cost me $40.
Advice please...
My 4 year old daughter recently ripped it off my neck damaging the clasp enough that I had to have it repaired. It occured to me that since I can not afford to replace it now and I woud be really upset if it was lost, I decided to have it appraised at the same time I had it repaired so I could add it to my insurance policy.
I want to emphasize that the place I had it appraised at is not the same place it was purchased. But the place of repair is a jewelry store, although it was appraised by a GIA gemologist.
First the stats- 16 round diamonds, E color VVS2-VS1 clarity, ideal cuts, 1.03ctw, circle pendant, set in platinum on a 16inch chain, 10.9g total including diamonds.
The appraised price came in at $6,200.
This seems horribly inflated to me. I paid $3,000 for it 4 years ago.
What do you all think? Is it close to accurate and should I just add it to my policy? I hate to pay another appraiser right now, money is tight at this point. I really like to wear this neclace almost daily. I bought it wth some money I interited from my grandfather so I feel its sort of a gift from him and it means a lot to me.
Bottom line- my daughter ripping it off my neck made me realize how easy it would have been to lose and I can afford the premium but I can''t afford to replace the neclace. I pay 1cent per hundred, so right now it would cost me $62 to insure. So for example it was really worth $4K it would cost me $40.
Advice please...
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