Thread: Ring Shopping
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Old 10-19-2012, 10:07 AM   #37
return to the red
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Join Date: Mar 2002
Location: South of Calgary North of 'Merica
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Quote:
Originally Posted by Canehdianman View Post
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.
I'm aware of that, but it came with an IGL cert from Adiamor for $xxxx appraised. The local guy that does IGL cert's appraised much higher both at a wholesale and retail level.

Quote:
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.
Unless you sell it on IdonowIdon't, in which case I got nearly 90 percent of what the appraisal said
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Last edited by return to the red; 10-19-2012 at 10:10 AM.
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