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diamond was appraised for $1,800 in 1978


johnplain
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My wife's diamond was appaised for $1,800 in May of 1978.

The diamond jewler described the diamond as follows:

 

Round diamond has an exact weight of .73cts, #1 color,

very, very slightly imperfect quality, American cut.

 

 

Approximately, what appreciation should accrue for that

diamond during the past twenty-eight years?

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There's no meaningful way to convert. Get a new appraisal. I wouldn't expect your insurance company to be willing to accept a 1978 document anyway and, if your purpose is something other than insurance, the appraisal probably wouldn't apply anyway, even if it was written recently unless you requested something other than a document for insurance. Most appraisers never get asked for any other type.

 

Neil

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