Is My Appraisal Accurate?
Your appraisal can contain useful information about your jewelry, such as a diamond’s size and grade. However, the values listed on these documents also reflect the item’s value after markup. Moreover, it’s important to note that these estimates can be unreliable.
Appraisal Values Can Be Misleading
The appraisal that accompanies new jewelry represents the items’ replacement value at the time of sale. This estimated value is only a valid reflection of the cost of a brand new item. After years of wear, this estimate is likely to decrease from the initial appraisal value.
Moreover, appraisals that come directly from jewelers may not be accurate. Retailers have a vested interest in appraising your jewelry for more than you paid for the item. Unbiased third-parties, like the Gemological Institute of America (GIA), can provide the most accurate and valid appraisals.
The Diamond Banc Experience
Transparency is an essential part of our business culture, at Diamond Banc. We provide a clear, straight-forward and candid explanation of each offer value. We also provide access to the materials used to reach these offers. Our Market Directors look at every value-adding factor. Nevertheless, aspects such as sourcing materials and overhead expenses are not included in our valuations. As a result, our offers may fall below the appraisal you received when you bought the item.
Diamond Banc pays the most for your fine jewelry. Get started from the comfort of your home with our simple and confidential online form. Within 24 hours, one of our GIA certified jewelry experts will contact you with an initial offer. Reach our Tampa office at 813-367-3372 with any questions or to set up a meeting over the phone.