July 2nd, 2010

I have a diamond appraisal question?

WhiteSox asked:


Situation:

The grandmother of my soon to be fiancee and her older sister recently passed away. Their grandmother left them all the jewelry in her will. The diamond in their grandmothers engagement ring is going to be used for my fiancees ring. Keep in mind again, the girls are splitting the jewelry evenly. Her sister got the diamond appraised for $4700 and expects half of the price as her share. I am pretty sure you would not get face value of the appraised diamond.
This affects my soon to be fiancees as the less money I put into the diamond will go towards her band.

so the questions I pose is

Rather than giving her half ($2350) , what would be a fair amount for both sides?


By admin in Fashion & Accessories 
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2 Responses to “I have a diamond appraisal question?”

  1. ilyanamelina Says:
    July 6th, 2010 at 8:42 am

    You need to find out what the retail value of the ring is. See there are really 2 prices for all jewelry. What it is worth for insurance purpose (appraisal value) and what it could be resold for (retail value).

  2. tommy s Says:
    July 9th, 2010 at 9:19 am

    appraisals are usually twice what you can really sell it for