[Jewelry making - Article 00299] - Re: [Orchid] Selling jewelry from broken relationships

[Kennon Young]

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Hi Robb,

    I recently got very sick of helpingpeople sell thier jewelry.
    Marketable Cash Value appraisals cnabe as difficult as valuing
    antique jewelry- they both usually require a market data approach to
    value (you have to find comparable sold properties instead of adding
    up the component parts). The worst part is that every one expects to
    recieve high dollar amounts for thier "precious" jewels. 

    The fact is, in most markets, you will only retain liquidation to
    scrap values. The avenue that your showing is great- it is sale to
    the ultimate consumer- you can recieve above liquidation value.
    Attached is a chart that show several markets with a relative idea of
    what each market pays out. enjoy! ...What I find particularly wrong
    is that people purchase engagement rings so that one day "IF we get
    divorced" she will be alright. Ridiculous! This should give people
    another reason to spend more money on hand fabrication and custom
    design then simply a big rock. 

Kennon Young, GG, CBJT 
Member, NAJA
USPSP Certified
Owner, Vermont Gem Lab
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