Letters

Appraising Dateline I feel that in Rob Bates’s article (see “Dateline NBC Tackles Appraisals,” JCK, September 2005, p. 44), he could have pointed out to Dateline that diamond prices have risen so drastically in the past couple of years, the purchase price would not have covered the diamond for the minimum of three years that some insurance companies require updates on appraisals. Some don’t even require updates at all; some automatically increase jewelry coverage annually. The $10-per-year-per-thousand insurance cost is not much for an individual to pay in order to have full protection. Because of the Internet and local competition, the going retail price in Charlotte for a GIA well-cut round diamond is 10 percent below the list. Do they suggest that three years from now the diamond could be purchased for the same price? I realize the comments were not yours, but a response o
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out