- Oct 23, 2011
Another thread got me thinking—would you trust a PS vendor enough not to confirm your purchase with an appraisal? Or would you get one just in case.
^——THIS! I had my rings appraised for insurance purposes. I trust my jeweler, or DH and I wouldn’t have given them our business in the first place.As a trade member the line is "its never a bad idea to get an independent appraisal."
Since I agree with it I will use it.
The biggest reason I would consider it is documentation for insurance. The vendor for my Wifey's upgrade/cancer survival celebration ering diamond provided a 15+ page insurance document that had all the important pictures and data for the diamond so I did not.
Does the documentation you have describe what you have to a degree it can be replaced with the exact same thing and lists everything that was important about that diamond and setting that made you want to purchase it?
The brand being listed is very important if its branded but by itself in my opinion is not adequate. It still needs a description and ideally images if the images were part of your purchase decision.
Hi. As to your question—I would think the cost is a deterrent. To clarify, this is a hypothetical as I haven’t purchased nor intend to purchase an ering from an online vendor. I was curious and am surprised by the responses.Its a great idea to get an appraisal! Even if you opt not to insure your new bling, appraisal can help you decide whether to keep or return what you bought based on whether the price you paid was fair (Or better yet a great bargain). It can’t hurt to appraise something, and it can really help.
I’ll put myself in an imaginary scenario. I sell a diamond, the buyer isn’t sure they love it, so they get an appraisal. Afterward the buyer decides not to keep the stone so they return it. They offer me a copy of the appraisal. Buyer gets their money back, and the I get an appraisal copy to help me understand whether my listing price was fair or not, so I am able to adjust. Why would I not be happy and grateful for that? I’m free to disregard it, but why? Admittedly I’m not some huge vendor, but I don’t see a down side to getting things appraised.
Is the cost of appraisals a deterrent?