What is Fair Market Value?
Any statement of value must contain the elements of what something is worth, to whom, when and under what circumstances. An unexplained number is at best useless, and quite possibly misleading. That’s just fundamental to the concept of value and nearly every...
What is an Independent Certified Gemologist Appraiser?
What is an American Gem Society Independent Certified Gemologist Appraiser?
Resale Value vs. Appraisal Value
Definition of value is often the heart of confusion with appraisals. One of the most common questions I get as an appraiser is why resale values, meaning the prices people can get for their jewelry, are so different from the values seen on appraisal reports. It’s a...
What Does “Appraised Value” Mean for Jewelry Appraisals?
I try to avoid using the term “appraised value” entirely because it causes so much confusion. The problem is that customers don’t even understand what’s confusing about it. “Just tell me what it’s worth.” Here’s the problem: Cynics often want to define...