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Is this Appraisal accurate?

Discussion in 'RockyTalky' started by mfoxbot, Feb 9, 2019 at 11:28 AM.

  1. mfoxbot
    Rough_Rock

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    by mfoxbot » Feb 9, 2019 at 11:28 AM
    Hello! Assuming the description here is 100% accurate, would you say this appraisal value makes sense? Seems really high to me for a clarity enhanced diamond.

    **edited by moderator to remove identifying information**
     
    Last edited by a moderator: Feb 11, 2019 at 3:29 PM
  2. anangel
    Shiny_Rock

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    by anangel » Feb 9, 2019 at 11:33 AM
    Well, it does say right on the paper “You should not expect to be able to sell the article for this amount.”
    It’s really high. Likely done for insurance purposes.
     
    lovedogs likes this.
  3. lovedogs
    Ideal_Rock

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    by lovedogs » Feb 9, 2019 at 11:44 AM
    Not accurate at all in terms of resale value. It's really inflated, likely for insurance.
     
  4. denverappraiser
    Ideal_Rock
    Trade

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    by denverappraiser » Feb 9, 2019 at 2:30 PM
    “This appraisal is of the approximate price of which you could replace the foregoing at an establishment selling jewelry of like quality.”

    He/she doesn’t say it’s the lowest or even the expected price, only that it’s sufficient.

    Seems likely. :mrgreen:

    If you don't find their methodology to be useful, ignore it. The onus is on the appraiser to convince you that their opinions are useful, correct, and relevant. They seem to have failed on several of these points. By the way, assuming that this document was provided to you by a seller, I wouldn't just hold it against the appraiser, I would hold it against the seller who is asking you to rely on it.
     
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  5. mfoxbot
    Rough_Rock

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    by mfoxbot » Feb 11, 2019 at 10:56 AM
    Thank you for the responses. I think I am going to steer clear of this one. Especially considering so many posts direct me away from clarity enhanced diamonds.:wall:
     
  6. ctsamg
    Rough_Rock

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    by ctsamg » Feb 11, 2019 at 2:43 PM
    You can get a similar non-enhanced diamond (no setting) for ~15-18k
     
  7. AprilBaby
    Super_Ideal_Rock

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    by AprilBaby » Feb 11, 2019 at 2:44 PM
    Run!
     
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