Jewelry Appraisal Value Vs Sale Price

The most popular jewelry appraisal is an insurance appraisal for replacement purpose.

Jewelry appraisal value vs sale price.

The value on an insurance appraisal doesn t apply at all to what your jewelry would be worth in the resale market. For example if the zestimate for your home is 100 000 the sale price could be as low as 95 500 or as high as 104 500. Appraised value is lower than the sales price bad. Costs can range from about 50 to 75 per item or 50 to 150 or more per hour depending on the items and nature of the appraisal.

In the jewelry industry most insurance appraisals are given values of approximately 100 above retail value. It produces the highest price for jewelry value. It is a theoretical value based on how much it would cost to replace the jewelry item with a new one. You know the value of your diamond appraisal but can you ask this price when figuring your diamond resale value.

The final ltv is now 98 75 380 000 395 000 and not the initial 95. If it is a discount jewelry store then the price over intrinsic value could be from 1 to 3 times. And it probably sold for 1 600 00. You have 10 37 carats t w of sapphires at about 80 00 per carat wholesale 830 00 and 28 carat t w of diamonds at about 400 00 per carat wholesale 112 00.

When jewelry is resold it is generally sold as used jewelry in the wholesale market not new jewelry in the retail market. Now that you understand the importance of an accurate thorough appraisal let s discuss the fees associated with such. Let s use a 395 000 value for this example. Many people only know of this one type of appraisal.

These appraisals are inflated and do not reflect the true value of the diamond. This could be as little as 5 to 20 of the appraised value. When determining the best listing price for your home you may hear three different terms tossed around. And given that the prices of precious metals tend to fluctuate.

The worst case scenario is when the appraisal comes in below the sales price of 400 000. Keeping in mind that i am only guessing at the quality value of the sapphires and the weight of the gold. Appraisal fees should never be based on a percentage of the jewelry s value. The appraisal was for 2 775 00.

Typical jewelry appraisal costs. At mj gabel we educate our clients about the full and accurate retail value of their diamond jewelry including understanding your diamond s resale value. Assessed value appraised value and fair market value. This changes the terms of the loan and puts the loan on hold.

If it is a high end jewelry store with a lot of overhead and added value then the jewelry price could be 5 to 10 times more than the intrinsic value.