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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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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.
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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.
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Unless you sell it on IdonowIdon't, in which case I got nearly 90 percent of what the appraisal said