[Jewelry making - Article 00137] - Re: [Orchid] How Appraisals Work

[The Doctor]

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>         Now what criteria could we use to justify appraising the
>     pieces at this value? Keeping in mind, the stones were not rare
>     collector Burma ruby or Kashmir sapphire, but all white diamond
>     goods. 

    If the jeweler's clients are paying his sale price, that's one form
    of justification since he's actually retailing the line at those
    prices. An average retail replacement value appraisal would have to
    be in those amounts if it actually costs that much to replace them. 

    As in all designer and high-end store lines, the end product can be
    worth more than the sum of its' parts. $5,000 worth of platinum and
    diamonds can cost $10,000 or more at Van Cleef & Arpels or LV. In
    those cases of provenance, value of the finished goods exceeds the
    value of its components. This isn't a sleazy appraisal practice,
    it's valuing the merchandise for what it would cost to replace it
    from the retailer. 

James S. Duncan, G.G.
James in SoFl

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