[Jewelry making - Article 00141] - Re: [Orchid] Sapphires buying

[GGGemsWCR]

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    Sharron, I will not repeat my last post about gemstones, but I will
    accentuate one item.  Learn about gemstone identification reports and
    appraisals.  Your basic question is: What is the value of the stone? 
    This is where the jewelry marketers have mislead the buying public
    for many years.  You can get an idea of what the value is through
    gemstone identification reports and gemstone appraisals. Make an
    agreement with the seller that if the stone is identified as being
    what they say the stone is and appraises at a dollar figure at or
    above the selling price of the stone, you will pay for the paper work
    and purchase the stone.  If the stone does not meet both of these
    requirements the seller pays for the paper work and the deal is off. 
    For a stone that sells for $50,000 you should expect to pay $3,000 to
    $5,000 for proper paper work. About 10% the selling price of the
    stone.  I hesitate to recommend a gemstone laboratory to send the
    stone to or an appraiser.  I would suggest you check with the
    Jewelers Board of Trade or the Jewelry Vigilante Committee for
    referrals. Learn that not one laboratory will give you a
    "certification" on a gemstone.  They will all give you a written
    opinion.  That opinion could be wrong.  An appraiser will give you a
    dollar value based upon either insurance replacement for the stone or
    upon recent sales of similar items in the market.  This also is an
    opinion. Gemstones are bought for value, history, intrigue, and love.
     All these variables are very difficult to affix a value to in
    dollars to a specific item.  Buying a gemstone is not like buying an
    automobile or a house.  That is why gemstones are "luxury" items.
    You buy them because you want them.  If you are straining your budget
    and ability to feed your family by purchasing a gemstone you are
    making a mistake. 

Gerry Galarneau

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