I have a family antique heirloom ring (huge sapphire in the middle, diamonds all around it) that was made in the early 1900's (over 100 years old now) that my fiancee used to propose to me with.
In 2000, it was appraised at 12,500 and in 2004, it was appraised for 15,000 by an extremely reputable jeweler my family has ALWAYS used but in order to get it insured, we need an up-to-date (within 365 days) appraisal, and cannot use that one. We took the ring today to a jeweler (supposedly reputable) in our new area (far from the old jeweler) and was told the ring would be appraised at 2,500. The ring has not left the box since 2004, only been worn a week. No wear, no tear, no damage.
I am so frustrated that we paid 100.00 to have this jeweler under-appraise my ring. I do not want to send this appraisal to my insurance company because this will, in turn, under-insure my ring, by close to 10k!
Should I go to another jeweler and get it re-appraised? Any suggestions would be great!
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