Questions about ring appraisel?

Question

i am purchasing an engagment ring, and im paying $10,500. My question is the jewler told me that the Realistic value of it is $18,000. Why would he be taking $8,000 of what the actual price should be. Why do jewlers do that??

Answer 1

Think about it - why would he sell you a ring for a great deal less than it is actually worth, is he in business to lose money or to make money?  People tell you this to make you think you are "getting something for nothing".  It is a psychological ploy used in sales.

Answer 2

That's simply untrue or no one would get into jewelry anymore.  You have to take it to another family jeweler to get a straight answer.

Answer 3

The actual value is $1,500 because that is what you could sell it for today as a "used" ring.  Jewelry appraisals are notoriously wrong.  If diamonds are so valuable, why are there 10,000 of them in every shopping mall.

Have you watched Judge Judy where she awards the ring to someone.  That's when the purchaser of the ring finds what it's really worth.  Pennies on the dollar.  /

Answer 4

It's marketing hype. There is retail price and wholesale price.

It's like buying a car. The manufacterer suggested retail price in the window is XX but they'll sell it for XXminus.

"Certificates are the true measure of the diamond's worth based on the Four Cs specifications. The certificate will be from a lab that tells whether or not the diamond is organic (natural or genuine and not grown in a laboratory). It also lists the grade of the diamond as far as carat, color, clarity, and cut."

Take the details from your chosen ring to a number of jewelers and see what they offer.