Jewelry in the news: Jewelry: protecting your investment.
Excerpt:
Consumer Reports used an antique diamond watch to see how large discrepancies in appraisals can be. Donald Palmieri, a Master Gemologist Appraiser, supplied a benchmark appraisal. He valued the watch at $1,550.
His appraisal included a pamphlet with a complete, stone-by-stone description of the watch and photos.
Consumer Reports then had four different appraisers assess the same watch. Two didn't come close to the watch's real value.
The highest priced appraisal was for $3,500, Freeman said. The lowest was for $500. So the range was extremely wide.
Posted by GilbertZ at 08:58 AM
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