What is the difference between Estimated Replacement Value and Other Values?

The jewelry industry generally derives values via the following methods:

Wholesale Value: this mean the average wholesale price that jewelry sellers generally pay.

Retail Value: this is very subjective and is usually based on what the average high retail prices are for jewelry.

This could vary depending on where you buy jewelry i.e., discount department store or a fine jeweler.

Appraised Value: again this is very subjective depending on who is appraising the jewelry. Most appraisers

arrive at an appraised value by evaluating the average high retail value of the jewelry sold at fine jewelry stores

(not discount stores). Most jewelers will appraise your jewelry for an amount below your expectations if you

did not originally purchase from them.

Replacement Value: again this is very subjective and is usually derived by a gemological laboratory that

jewelry sellers use to offer their customers an accurate unbiased opinion and a high value so that a customer

may obtain insurance coverage for loss or theft.

Simply said… the best way to determine jewelry values is to shop around and try to find the best deal and

not use values as a guide to what you should pay. The best way to find a deal is to shop around by comparing

quality and prices. Values should not be a factor in your decision to purchase jewelry since they usually have

no relevance to actual market prices.

Terms And Conditions

Any evaluation & identification report provided by Renaissance Fine Jewelry under the following terms and

conditions is not a recommendation of a purchase or a guarantee that any stated valuation provided by

Renaissance Fine Jewelry will result in a sale at that price. Any stated value is for the customer’s sole use for

the purpose of indicating the estimated high retail replacement value to obtain insurance coverage and shall

not be considered in any manner whatsoever, as to the actual value of the item. Any other use shall render

a report null & void. The estimate replacement values provided by IGL are based on the approximate

highest retail market asking prices for design, materials, gemstones, precious metals & labor of an item

and may substantially exceed actual market transaction prices. All reports are based on current information

only and contain no information regarding the past or future value of an item or any investment potential.

Renaissance Fine Jewelry is not responsible for different opinions that may occur from repeated grading by

others. Any liability shall never exceed the actual price paid for the item.