Is it normal for a e ring to appraise much much higher than what I paid for.

Is it normal for a e ring to appraise much much higher than what I paid for.

- what do you think?? should i get it apprraised somewhere else or is it a good thing.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

that's a VERY good thing!!!

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

I may be a good think but it may also mean that the appraiser you went to hikes up the price. Let me explain. If you get your ring appraised and you are told that you got a great price for the value than congrats!!! However, be careful because when I researched getting my ring insured I was told that it is not worth it to get your ring insured for such a high price if it is not accurate. You will have to pay higher premiums and if anything should happen to the ring they will probably repay you with a stone of the same quality/characteristics (weight, clarity, depth, etc) and not with the $$$ stated on your appraisal. So in the end you are paying more in insurance than you are getting. When I heard this I decided to go for a second opinion. We went to a gemologist. Her appraisal was not extremely different from the original appraisal we had gotten (which we got from where the ring was purchased) but it was lower and probably more accurate. It was definitely more detailed. Hope this helps.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

ok the appraisal that I got came with the ring when we bought it. I was from the gia or agl whaterver i cant remeber but It said the carat size, dimensions, cut and clarity on the paper. i havent gotten my ins yet but i got a quote for 200$/ year on top of my homeowners. Im so confused if i should get another appraisal, maybe be cause the apprasal is biased because I got it from the jewler that sold the ring to me, i am being really naive I know but Im clueless.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

definitely get an appraisal from a place other than where you bought the ring. Often the jewelers who sell the rings will inflate the appraisal in order to make it look like you're getting a good deal.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

We were in the exact same position and I was just as clueless!!! That's why I went by what the insurance agent told me. In the end we were told by the gemologist that we did get a great deal. I don't think that the second appraisal made a really significant difference in our premiums. But there was some difference. Also, you have to pay to have the ring appraised. We paid $99. So some may say it's not worth it. Wish I had better advice for you! Did you try posting on the wedding planning board?

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

it should appraise for at least double so they say!
Thats a great thing!

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

---

Posted by jennbaby

it should appraise for at least double so they say!
Thats a great thing!

---

Jenn- It appraised for about 2k above double but Im de3f going to get another opinion. But can I give my ins co the higher appraisal so that I can get more money for it if something should happen??? I dont know if thats even legal??

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

---

Posted by Kelly9904

This is what I was told: there are 2 types of appraisals, and insurance appraisal and an actual appraisal. MOst times when you go to a jeweler to get your ring appraised, you will get an insurance appraisal. This number is inflated, thats just the way it is! (Grossly? I dont know)
An actual appraisal, I believe is supposed to appraise what the current value is/should be.

---

Ok I think that i got an isurance one because- it says on the paper- ' For insurance purposes'

IF The only reason I want the appraisal is for insurance purposes- then why would I need to get another one???

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

Thanks Dawnie- I think I understand now. Maybe I'll see what the other app. says and make dec based on that- Thanks

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

---

Posted by dawnie

I have been told to get it appraised more than once in your lifetime because market values change for jewelry.

---

True

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

I used the Jewelry Judge in Garden City. He is on Old Country Road. He wasn't expensive.

Re: Is it normal for a e ring to appraise much much higher than what I paid for.

do they do it on the spot-

Re: Is it normal for a e ring to appraise much much higher than what I paid for.