QuestionHello sir,
I bought a diamond for $2850 from Ebay with a certificate from CGI with replacement value of $3000. Now, i don't understand the meaning of the word 'replacement value', but want to sell it in India as i am an Indian and currently staying in India with proper appriasal value. Now, will i be able to sell it? If yes, what should be the correct rate according to the certificate and will a normal Jewelry store do the buying?
As I am a Kiddie in this field, I will be waiting for your answer.
Thank You
AnswerG'day Swapnadip Chandra and many thanks for your query.
You are under a very common misapprehension about what an appraisal is. The 'Replacement Value' is the price the INSURANCE company would cover the item for, in the event of loss or theft. It has NOTHING to do with how much you can sell your item for (as there is NO FIXED PRICE for anything).
You can find my earlier article here, which will explain it better.
http://www.online-jewelry-appraisals.com/jewelry-appraisal-advice/how-to-sell-yo...
You will need this months username and password to get in though, so please use the 'Live Chat' available on the right top sidebar of any page, and our support operator will give you temporary access.
You might also like to add this query to my Jewelry Forum at http://www.online-jewelry-appraisals.net/jewelry-forum/ as other may have had a similar problem. Can't hurt anyway and who knows what answers you may get.
Hope this helps...
