Hi all,
I realize there may not be a straight forward or generalized answer for this question, but what should one expect an engagement ring to appraise at in comparison to the purchase price? Most people I know have had their rings appraise significantly higher than their purchase price. Why is this? Is everyone getting great deals on their diamonds and rings, or do appraisers value jewelery way above true market value/replacement value?
Any insight is greatly appreciated!
I realize there may not be a straight forward or generalized answer for this question, but what should one expect an engagement ring to appraise at in comparison to the purchase price? Most people I know have had their rings appraise significantly higher than their purchase price. Why is this? Is everyone getting great deals on their diamonds and rings, or do appraisers value jewelery way above true market value/replacement value?
Any insight is greatly appreciated!