A report card of appraisals:
The title of the appraiser means little if they do not carry out the necessary standards of accurate grading and description. The appraisal will only be as good as the appraiser's concern for accurate, detailed information.
The good news and the bad news on appraisals:
The good news is there are a number of very competent and professional jewelry appraisers available that emphasize accuracy and reasonable retail replacement values. The bad news is to find a good jewelry appraiser you will likely have to do your homework. The vast majority appraisals we look at are unfortunately inaccurate or missing important information. If looking for a professional tell him (or her) to emphasize GIA accuracy because you may want to send it to the lab yourself. Make sure any problems with specs are listed such as unacceptable table percentage, unacceptable depth percentage. Polish, symmetry, culet size and the presence or absence of fluorescence is also very helpful in determining final cash value.
After 28 years in the industry we have found that the lack of disclosure and accuracy seems to be more common than the full disclosure and an emphasis on accuracy and education of the buyer. We take misrepresentation very seriously and often recommend the pursuit of a full refund from the original seller. Please call us at (800) 854-0014, or email us at email@example.com if you have any further questions.