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APPRAISALS
Most
diamond and diamond jewelry appraisals are written to
protect you in the event of theft, loss, or damage.
Appraisals establish a retail value for your insurance
company should you incur a loss.
Although
appraisals can be a very important document that helps
protect you in the event of a loss, they can be quite
misleading when determining the actual cash value of your
item. This means your item will never sell for the appraised
value.
Appraisals are written to account for the retail price
you paid for the item. Retail jewelry has some of
the highest markups, which can be as much as 800% of the cost
of the item. Retailers need to make a profit, and as such
the retail price must take into
account manufacturing/labor expenses, overhead, utilities, etc. Also, most insurance
companies pay a small percentage of the appraised value.
As there are
no government guidelines, state laws, or other rules for appraising
jewelry, it is difficult to provide a true cash value
of your item based on a retail appraisal. Southwest Jewelry
Buyers will pay you the actual value of your diamond or
jewelry items based on our own strict evaluation. You can be
assured of receiving a fair market value for your diamonds
and jewelry.
Contact Us!
Phone: (480)
773-8004
sales@swjbuyers.com
*We do not sell
to the public |
