Protecting the Family Jewels, without going nuts!
Or, your Estate Jewelry Appraiser can be your most valuable asset.
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Estate Valuation: Fair Market value
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Donation and Gift Valuation: Fair Market value with IRS/tax restrictions
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Estate Administration: can cover several markets, thus several valuation strategies
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Wholesale market - $ paid by establishment + assembly = sold for resale
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Collector market - $ paid by collector for items new and/or used, to a dealer
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Retail market - $ paid by consumer for items new and/or used, to a retailer
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Secondhand market - $ paid for used items to a retail, includes antique shops
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Scrap market - $ to be expected for items with no utility, value determined only by value of its components
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Auction market - $ paid for similar items at auction
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Nonutility jewelry market - $ paid by merchant for putpose of adding utility or using component parts to create a new item
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Garage sale market (flea market) - $ expected does not generally exceed $100, new or used, in any condition
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Cutter market - $ paid by gem cutter for similar rough material from the source or wholesale intermediary
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Liquidation market - $ expected in a sale to the public, time not being of the essence