APPRAISALS INFORMATION | DIAMOND BUYERS SAN DIEGO. - Diamond Buyers San Diego | Jewelry Buyers San Diego | Sell Diamond Ring San Diego.

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APPRAISALS INFORMATION | DIAMOND BUYERS SAN DIEGO.




Diamond Jewelry Buyers - What Does My Diamond Jewelry or Watch Appraisal Really Mean?

Diamond jewelry and watch appraisals are written for your protection in the event of
theft, loss, or damage and establish a retail value for your Insurance Company to cover for
losses that you may incur.

Although appraisals are a very important to protect you from loss, they can be a bit
misleading when determining the actual cash value of your item. Since they are retails appraisals, unless they are very out of date, your item typically cannot be sold for the appraised amount.

Appraisals are written to account for the Retailers Markup (as much as 3 times cost), manufacturing/labor costs, and the fact that many Insurance Companies only pay 60-80% of the appraised value. In addition, many retail appraisals are written to account for the potential inflation that may occur over several years in the gold, diamond, and jewelry markets.

Usually diamonds are in the same condition as when they were purchased. Jewelry and watches, on the other hand, are subject to wear and tear and therefore, this wear and tear is typically discounted. Unless a piece of jewelry has significant provenance, or is a signed piece such as "Cartier", we must calculate the value of jewelry as the sum of its parts, for example, the weight of the gold plus the value of the diamond(s).

When you send Diamond Buyers San Diego a fine watch, many factors influence the price. A watch that includes the original box and all paper documents such as owner's manual, warranty card, etc. is typically worth more than the watch alone. Although the overall condition of the watch is important,  Diamond Buyers San Diego has the ability to re-condition most watches to a like new appearance. How much we have to invest to return the watch to a like-new status reflects on the price we can pay for the watch.

There are no government guidelines, state laws, or other rules for appraising jewelry, it is difficult to provide a true cash value of your item based on a retail appraisal that is not accompanied by a laboratory certificate.  If there is no certification, Diamond Buyers San Diego will pay you the actual value of your diamond, jewelry or watch based on our own strict laboratory evaluation. Or we can send your stone to GIA for certification and pay you based on the results from GIA. We will provide you with our best estimate of value based on the information you submit and that we gather during a telephone consultation.


For a Free Consultation, Please Call Us Toll Free (877) 560-7070



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