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 jewelry appraisal Scottsdale 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.

Jewelry appraisal Scottsdale is 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.