One of the most common questions asked: Diamond Laboratories such
as GIA and EGL do not indicate a dollar value, yet usually majority of
people would want to know the worth of something as high value as a diamond.
Let us see why people need appraisal, and where they acquire them.
THREE MAIN REASONS WHY MOST PEOPLE NEED AN
APPRAISAL:
1) To be sure that
a buyer of an unused diamond ring or diamond jewelry is getting a good deal.
Most people that are selling their diamond ring or diamond jewelry
promote it on a high appraised value as part of deceiving tactic in selling. A
seller tends to offer a $20,000 worth diamond ring for a $4,000 value only.
This may seem to be a "good deal" to a buyer whose understanding is limited
about diamond pricing, thus, one must be very cautious and knowledgeable enough
with the difference of Appraisal Value versus Selling Price being offered.
Terminologies like "Certified Appraisal" is also confusing to buyers.
Known diamond laboratories such as GIA does not make a report which contains a
price.
2) To obtain an insurance.
One can insure his/her diamond ring or diamond jewelry through
homeowner insurance. Such insurance policy can automatically cover up to $1000
more or less. For diamond rings or diamond jewelries with bigger value it will
need a rider. An appraisal is required for an insurance where value is inflated
causing an inflated premium. In case of loss or damage of an insured diamond
ring, most of these insurance companies allow the right to replace the item. If
somebody lost a diamond worth $20,000 market value and $40,000 appraisal value,
the insurance company just made a good deal but you will share the burden of
paying double for your insurance.
3) To be sure that a seller of a used diamond ring or
diamond jewelry is getting a good deal.
Common mistake of most sellers is that they think that the selling
price of their used diamond ring or diamond jewelry should be the same amount
as the appraised value. An appraisal is an estimated value used for a specific
purpose (like for insurance). Whereas
the selling price of a used piece of diamond jewelry is the secondary
market value that varies depending on the condition of the piece and
who you are selling it to. Are you selling it as a diamond jewelry or just
scrap gold value?
Of course, you want to dispose a valuable asset of yours with a good
return of investment so knowing the difference between the appraised value and
the selling price would guide you to a favorable deal. We also offer FREE Appraisal for your used diamond or
diamond jewelry.
WHAT DOES APPRAISAL VALUE MEAN?
Appraisal Value, also known as Retail Replacement Value or Insurance
Replacement Value, is the estimated value of the lost item which will serve as
the insurer's reference in replacing the piece with another one of the same
value. Hence, an appraisal has a purpose and intended use. It often shows a
value that is way higher than the actual purchase price of the item which will
eventually serve as basis of a bargain for replacement.
WHAT SHOULD WE NEED TO KNOW ABOUT DIAMOND
APPRAISER?
Importance of a diamond appraiser is increasingly growing
these days. But one should be aware in choosing a diamond appraiser especially
when it concerns your insurance. An independent appraiser can abuse the
appraisal system. Surprisingly, most of these appraisers are not involved in
selling diamonds or jewelries, and even care less on the outcome of the
appraisal since they get paid whatever is the product of the appraisal. They
also tend to over value an item with insurance premium repercussion. You
purchase the best diamond at a very reasonable price yet cost you more to spend
for an independent appraiser and higher insurance premium. We
always make sure that our clients have a lifetime access in obtaining a free appraisal to help them get
covered in any event of losses or damages.
VISIT LOS ANGELES DIAMOND SELLER TODAY, TO EXPERIENCE OUR WIDE VARIETY OF EXQUISITE DIAMONDS.
FOR MORE INFORMATION ABOUT THE DIAMONDS AND JEWELRIES:
CALL US AT TOLL FREE 1.877.623.9494 OR EMAIL US AT info@losangelesdiamondseller.com
KEYWORDS: BEST DIAMOND IN LOS ANGELES BEST DIAMONDS IN LOS ANGELES BUY DIAMOND IN LOS ANGELES BUY DIAMONDS IN LOS ANGELES BUY DIAMOND LOS ANGELES BUY DIAMONDS LOS ANGELES CERTIFIED DIAMOND CERTIFIED DIAMONDS DIAMOND DISTRICT LOS ANGELES DIAMOND LA DIAMONDS LA DIAMOND LOS ANGELES DIAMONDS LOS ANGELES ENGAGEMENT RING LOS ANGELES ENGAGEMENT RINGS LOS ANGELES GIA CERTIFIED DIAMOND GIA CERTIFIED DIAMONDS GIA CERTIFIED LOOSE DIAMOND GIA CERTIFIED LOOSE DIAMONDS JEWELRY DISTRICT LOS ANGELES LA DIAMOND LA DIAMONDS LOOSE CERTIFIED DIAMOND LOOSE CERTIFIED DIAMONDS LOOSE DIAMOND LOOSE DIAMONDS LOOSE DIAMOND GIA CERTIFIED LOOSE DIAMONDS GIA CERTIFIED LOOSE DIAMOND LOS ANGELES LOOSE DIAMONDS LOS ANGELES LOOSE DIAMOND ONLINE LOOSE DIAMONDS ONLINE LOOSE GIA CERTIFIED DIAMOND LOOSE GIA CERTIFIED DIAMONDS LOS ANGELES DIAMOND DISTRICT LOS ANGELES DIAMONDS DISTRICT LOS ANGELES DIAMOND LOS ANGELES DIAMONDS LOS ANGELES ENGAGEMENT RING LOS ANGELES ENGAGEMENT RINGS LOS ANGELES JEWELRY DISTRICT ONLINE LOOSE DIAMOND ONLINE LOOSE DIAMONDS WHOLESALE DIAMOND LOS ANGELES WHOLESALE DIAMONDS LOS ANGELES WHOLESALE GIA DIAMOND WHOLESALE GIA DIAMONDS
No comments:
Post a Comment