Category: The Appraiser’s Notebook

Price Guides – Friend or Foe?

How convenient it is to use a price guide to retrieve prices for diamonds and colored stones. Merely adding a markup to determine a value seems too easy. Some gurus of valuation theory are emphatic that price guides should be banned. Other experts embrace price guides as a key part of the process.

Appraisals – PDF Formats

A common request from clients to the appraiser is to email a PDF of the appraisal to them or directly to their insurance agent (which you will soon see is not a good practice). Some…

Valuing a Crazed Opal

Although the assignment discussed here involves a cracked or crazed opal, the methodology is similar for any damaged gemstone. The appraiser only has what is in front of them, and if it is a damaged…

Duo Valuation of an Unusual Ruby

The use of pricing adjustments is relatively common, especially when the appraiser is using the cost approach. However, in assignments where the subject property falls outside of the core range of trading for that variety…