Hi All,
I'm brand spanking new here and admittedly don't know a lot about jewelry, but that's why I'm here.
At an auction recently, I took a leap of faith, or did something really stupid (which, I'm hoping you all can tell me) and I bought a diamond tennis bracelet for $2,390.00 with the hopes of flipping it to make a little profit. I'm hoping I didn't bite off more than I can chew considering my lack of knowledge, and I'm hoping the professionals here can give their thoughts on this.
It came with an insurance appraisal (dated February 2016) for the estimated retail replacement value of $12,000.00 from GemAssure Gemological Appraisals out of Los Angeles (I'll try posting a copy). I hope it's okay to post that, if not, moderators please accept my apologies and remove it. From what I've read, and please correct and educate me if I'm wrong, I believe the actual real world value is going to be somewhere at or below 50% of that insurance appraisal value.
Just in case the insurance appraisal doesn't post properly, or isn't easily viewable, I'll post the bracelet specifics too.
Here is the description from the appraisal:
Fourteen karat (14K) white gold round brilliant cut diamond bracelet. Round brilliant cut diamonds are prong set throughout the center of the bracelet. The bracelet is cast stamped "14K" and has a gross weight of 9.9 grams.
Diamonds:
Shape: Round Brilliant Cut (45 pcs.)
Weight: 5.00 carats (Max. Diameter-3.0mm.; Min. Diameter-2.8mm.)
Average Clarity: S12-12
Average Color: G-H
Symmetry: Very Good
Polish: Very Good
Metal(s):
Purity: 14K
Color: White
Condition: Excellent
Finish: High Polish
I understand it would be unethical, etc, to provide an actual dollar value without an in-person inspection. That said, in reading through various threads here, I've seen some various value breakdowns by members/moderators here with the caveat that markets vary and the usual variables. I've also seen opines on the fairness and accuracy of the appraisals. With all of this in mind, I was hoping for opinions of the [ballpark] real world value of this bracelet, since I do intend to sell it, and any other help and/or thoughts.
I'm prepared for the worst and have thick skin, so all thoughts and comments are welcomed and appreciated, so thank you very much in advance.

I'm brand spanking new here and admittedly don't know a lot about jewelry, but that's why I'm here.
At an auction recently, I took a leap of faith, or did something really stupid (which, I'm hoping you all can tell me) and I bought a diamond tennis bracelet for $2,390.00 with the hopes of flipping it to make a little profit. I'm hoping I didn't bite off more than I can chew considering my lack of knowledge, and I'm hoping the professionals here can give their thoughts on this.
It came with an insurance appraisal (dated February 2016) for the estimated retail replacement value of $12,000.00 from GemAssure Gemological Appraisals out of Los Angeles (I'll try posting a copy). I hope it's okay to post that, if not, moderators please accept my apologies and remove it. From what I've read, and please correct and educate me if I'm wrong, I believe the actual real world value is going to be somewhere at or below 50% of that insurance appraisal value.
Just in case the insurance appraisal doesn't post properly, or isn't easily viewable, I'll post the bracelet specifics too.
Here is the description from the appraisal:
Fourteen karat (14K) white gold round brilliant cut diamond bracelet. Round brilliant cut diamonds are prong set throughout the center of the bracelet. The bracelet is cast stamped "14K" and has a gross weight of 9.9 grams.
Diamonds:
Shape: Round Brilliant Cut (45 pcs.)
Weight: 5.00 carats (Max. Diameter-3.0mm.; Min. Diameter-2.8mm.)
Average Clarity: S12-12
Average Color: G-H
Symmetry: Very Good
Polish: Very Good
Metal(s):
Purity: 14K
Color: White
Condition: Excellent
Finish: High Polish
I understand it would be unethical, etc, to provide an actual dollar value without an in-person inspection. That said, in reading through various threads here, I've seen some various value breakdowns by members/moderators here with the caveat that markets vary and the usual variables. I've also seen opines on the fairness and accuracy of the appraisals. With all of this in mind, I was hoping for opinions of the [ballpark] real world value of this bracelet, since I do intend to sell it, and any other help and/or thoughts.
I'm prepared for the worst and have thick skin, so all thoughts and comments are welcomed and appreciated, so thank you very much in advance.
