Quote:
Originally Posted by Canehdianman
Any ring will always be appraised higher than you bought it for. I read somewhere that a "good deal" will be a ring that appraises at 2x what you paid for it.
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This is true. An appraisal is more for insurance purposes. It is meant to account for escalation in diamond/gold/silver prices in the future in case you do need to get it replaced. You will never sell the ring for as much as the appraisal says.