These little appraisals might look like that they're written in another language. But they aren't and you don't need degrees in metallurgy or a university degree in knowing about crystals.
Let's now examine each line of this appraisal, "word for word & line by line".
(((BTW, I made this ring for my wife 35 years ago and to this day she still wears it!
(Please view the full appraisal, I made this view 'extra-large' as you can now read all of the fine details)
1.1 - This is the appraiser's reference number for his own records!
2.2 - This is the date of the 'actual' appraisal!
3.3 - This is his very own trade-mark with an hand-stamped impression!
4.4 - This is his signature, including any degrees from an organization! e.g. "G.I.A".
5.5 - This line is the official address with the city, suite number & telephone number!
6.6 - This is his company name and what he does!
7.7 - A true image (photograph, not a drawing) of the item being appraised.
"The appraiser is a trained individual to give an 'independent assessment' of the item".
What's also very important is that he is not affiliated with the retail store who is selling or manufacturing that item."
He is a "third party, uninterested" stating that he will not allow or permit anyone to tell him what they made or sell! Basically, 'he is the judge, in his court' and he sees fit to disagree with the retail store owner if he sees that errors are being made.
Description and full details of the specific item being viewed:
1) This is an 'overview' of the item being inspected, with full disclosure of what he is seeing!
2) "Gauging": This means the appraiser has measured, using the 'metric system' and measuring the diamond in two spots of the Girdle on the diamond. He now describes the style of setting!
3) As the diamond is already mounted, he will attempt to 'guess-estimate' the weight using the above measurements. This is not 100% accurate if the diamond has been set.
4) "Clarity" - The quality grade of SI-1, Colour - GH, Cut - "VERY GOOD" or just "V.G."
5) The number of the shoulder-stones, style of setting (Pave') and description of the cutting!
6) "Gauging" reflects upon the size (mm's) of the shoulder-stones & approximate total carat weight!
7) Using the "3 C's": Clarity -VS, Colour - G/H, Cut - Good!
8) Total metal weight; Weighed in grams and Total Carat Weight (TCW) 0.77cts.
9) "Estimated retail (or wholesale) replacement value"; This is fully dependant upon the cost of gold on that day "4:00 p.m. closing of the market". This amount does not include any taxes (if applicable).
10) The gold price is measured in NYC, USA. In any other country's the money exchange rate will be reflected in a percentage e.g. "Canada @ 35%". USD $100.00 => CDN $135.00.
A very true story happened to me many years ago. A client wanted an Eternity ring with only "F colour, VS1 quality diamonds" of .15 points each! I went to my diamond dealer and picked up the parcel of diamonds. I then went to my appraiser and asked him to tell me what these stones were?
After looking at them under his Gemscope of 40x power. He asked me what I signed for? He said that out of 15 diamonds, only 2 or 3 were of that quality, the remainder were "G-H, SI 1-2"..:>(
I went back to this diamond dealer and asked him "What did you give me? There are many problems here! Why did you give me these **** inferior stones? The owner said, "Oh, I guess we made a mistake, so sorry!" I gave the package back, left his office and never saw him again.
Now you see why an appraiser is so important, he is the judge in many instances! He can and be the 'second opinion'.
He will never assume that the gold ring is 14kt or 18kt. even if its stamped that number. He will do an 'acid test' to verify the gold content. He also verifies that the diamond has no "Fluorescence" with his "UV" light, as this alters the colour grading.
His diamond scale is accurate to 3 decimal places, e.g. "0.008cts."
Let's now examine each line of this appraisal, "word for word & line by line".
(((BTW, I made this ring for my wife 35 years ago and to this day she still wears it!
(Please view the full appraisal, I made this view 'extra-large' as you can now read all of the fine details)
2.2 - This is the date of the 'actual' appraisal!
3.3 - This is his very own trade-mark with an hand-stamped impression!
4.4 - This is his signature, including any degrees from an organization! e.g. "G.I.A".
5.5 - This line is the official address with the city, suite number & telephone number!
6.6 - This is his company name and what he does!
7.7 - A true image (photograph, not a drawing) of the item being appraised.
"The appraiser is a trained individual to give an 'independent assessment' of the item".
What's also very important is that he is not affiliated with the retail store who is selling or manufacturing that item."
He is a "third party, uninterested" stating that he will not allow or permit anyone to tell him what they made or sell! Basically, 'he is the judge, in his court' and he sees fit to disagree with the retail store owner if he sees that errors are being made.
Description and full details of the specific item being viewed:
1) This is an 'overview' of the item being inspected, with full disclosure of what he is seeing!
2) "Gauging": This means the appraiser has measured, using the 'metric system' and measuring the diamond in two spots of the Girdle on the diamond. He now describes the style of setting!
3) As the diamond is already mounted, he will attempt to 'guess-estimate' the weight using the above measurements. This is not 100% accurate if the diamond has been set.
4) "Clarity" - The quality grade of SI-1, Colour - GH, Cut - "VERY GOOD" or just "V.G."
5) The number of the shoulder-stones, style of setting (Pave') and description of the cutting!
6) "Gauging" reflects upon the size (mm's) of the shoulder-stones & approximate total carat weight!
7) Using the "3 C's": Clarity -VS, Colour - G/H, Cut - Good!
8) Total metal weight; Weighed in grams and Total Carat Weight (TCW) 0.77cts.
9) "Estimated retail (or wholesale) replacement value"; This is fully dependant upon the cost of gold on that day "4:00 p.m. closing of the market". This amount does not include any taxes (if applicable).
10) The gold price is measured in NYC, USA. In any other country's the money exchange rate will be reflected in a percentage e.g. "Canada @ 35%". USD $100.00 => CDN $135.00.
A very true story happened to me many years ago. A client wanted an Eternity ring with only "F colour, VS1 quality diamonds" of .15 points each! I went to my diamond dealer and picked up the parcel of diamonds. I then went to my appraiser and asked him to tell me what these stones were?
After looking at them under his Gemscope of 40x power. He asked me what I signed for? He said that out of 15 diamonds, only 2 or 3 were of that quality, the remainder were "G-H, SI 1-2"..:>(
I went back to this diamond dealer and asked him "What did you give me? There are many problems here! Why did you give me these **** inferior stones? The owner said, "Oh, I guess we made a mistake, so sorry!" I gave the package back, left his office and never saw him again.
Now you see why an appraiser is so important, he is the judge in many instances! He can and be the 'second opinion'.
He will never assume that the gold ring is 14kt or 18kt. even if its stamped that number. He will do an 'acid test' to verify the gold content. He also verifies that the diamond has no "Fluorescence" with his "UV" light, as this alters the colour grading.
His diamond scale is accurate to 3 decimal places, e.g. "0.008cts."
