Professional Gemologist Appraiser
Depreciating Jewellery Values
Depreciating Jewellery Question: I have recently had jewellery stolen in NZ and haggling with the insurance valuations
We have valuation certificates on some pieces dating from 1999 in South Africa and the valuer is now telling me that the items have depreciated against these values by about 20%
Sweetheart Jewelry and Collectibles (Schiffer Book for Collectors With Value Guide)
Price: $19.08 USD
Considering that amongst other things that the gold price has risen from US$300 to US$670 in the mean time I find this difficult to believe. How can the "market value" depreciate when retail value is escalating.
All the pieces are 9kt but vary from braclets to rings to neck chains.
We would appreciate your comments
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