Appraising Finished Goods

The most important factor is not what tests you perform, but how you inform the client about what you did. You have a piece of diamond jewelry to appraise, but you don’t know the weight or grade of the diamond and can’t be sure of the metal quality. Should you perform a scratch test to confirm metal content and remove the diamond to determine weight and grade? Or, if you decide to grade the diamond in the mounting, should you provide a single color grade or a range? The answer is – it depends. It depends in part on the situation: Are you buying estate or period pieces, over-the-counter goods, or finished goods from a supplier? Are you appraising old items or items bought elsewhere? Most will agree that it’s unreasonable to damage an estate or period piece in order to sell or appraise it. But what about a new item brought in by a client for appraisal? Some in the trade are q

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