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https://www.jewelry-secrets.com/Blog/is-your-jewelry-appraisal-value-too-high/
Oct 23, 2018 · So have the jeweler keep the listed jewelry price lower, that way you won’t over pay with insurance costs and your jewelry appraisal will be more accurate, fair and give you a better idea of what the true value of your jewelry is. Insuring that $9,000 ring (that you paid $4,000 for), would be better off insured as $5,500 instead.
https://www.pricescope.com/community/threads/what-if-the-appraisal-is-too-high.55721/
Jan 08, 2007 · On the other hand, we do NOT advocate insuring jewelry at inflated values. The ring owner should contact the appraiser and verify the value for insurance purposes. Explain that you are not seeking an inflated value, but one that would permit you to replace the item if a loss occurs.
https://www.irs.gov/publications/p561
Jewelry and Gems. Jewelry and gems are of such a specialized nature that it is almost always necessary to get an appraisal by a specialized jewelry appraiser. The appraisal should describe, among other things, the style of the jewelry, the cut and setting of the gem, and whether it …
https://www.idonowidont.com/blog/truth-about-jewelry-appraisals
Mar 07, 2015 · In the jewelry industry, most “insurance appraisals” are given values of approximately 100% above retail value. These appraisals are inflated, and do not reflect the true value of the diamond. You may go to a jewelry store and receive an appraisal at double the price you paid for the diamond.
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