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lilbugsd

Paperwork Needed?

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I'm looking to sell my engagement ring and diamond wedding band, but the paperwork has been lost over the years.  I was wondering if I should try and obtain copies of the paperwork from where they were purchased years ago (Robbins Bros. and a private jeweler), or if I should have them appraised.  I assume doing both is unnecessary...

 

Thanks in advance for any advice!

Edited by lilbugsd

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You have two "problems":

 

1. Figuring out what you have and how much it is worth. From that point of view, a recent appraisal done by a competent appraiser (correctly instructed: you don't want to know the retail replacement value for insurance purposes!) is much more helpful than the original paperwork. 

 

2. Procuring evidence of your claims that is going to be credible for a buyer. Here again the original documentation isn't going to be very helpful - partly because usually it is inadequate in detail, and partly because there doesn't seem to be any significant brand/signature attached to the pieces, nice as they may be. If you were selling something from (say) Cartier or Tiffany, establishing that they are original pieces may have some value (both price-wise and speeding up the selling process).

 

What will count as "admissible evidence" will depend on what you have and what your intended market would/should be - all of which an appraiser could advise you upon. Beware of "appraisers" that also trade in jewellery - they have a conflict of interest that isn't always easy for them to ignore.

Edited by davidelevi
  • Like 1

Davide - Specialised Consumer Information and Assistance,
Diamonds by Lauren (http://www.diamondsbylauren.com)
davide@diamondsbylauren.com

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Yes, you should get it appraised. As mentioned above, make sure your appraiser knows what question you are asking. Resale values is NOT the usual thing and the value conclusions can be quite different.

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Neil Beaty

GG(GIA) ICGA(AGS) NAJA

 

There's never a crowd when you go that extra mile.

Professional Appraisals in Denver

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Consider also your selling strategy. A dealer buying from you to recycle the materials is going to be looking for very different sorts of paperwork from a consumer who is looking for a 'deal' on a ring.


Neil Beaty

GG(GIA) ICGA(AGS) NAJA

 

There's never a crowd when you go that extra mile.

Professional Appraisals in Denver

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If you are looking for the original lab report it is possible that the diamond has that number inscribed on the girdle - you can locate it yourself with a jewelers loupe or ask your appraiser to verify that there is (or is not) one there.  That number is likely accessible through the grading lab and a copy of that diamond lab report should be available.

  • Like 1

Brian Pollard - Director of Consumer Education

B2C Jewels - New York, NY

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I agree with everyone else. I would like to emphasize Neil's point, because you are likely to get a better price from someone who is looking for a "deal" on a ring than from a reseller or someone who will scarp the materials for another project. 
So if you only want to papers for insurance purposes, you want something different than if you want to sell it. There is a chance the original papers will result in a higher worth.

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