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Alexandrite

Tsarstone collectors guide

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What's the difference between a Valuation and Appraisal? on Mar 15 2009, at 04:12 in Appraisals
Terms valuation and appraisal often used interchangeably for determining the value of gemstone or jewellery item, but there is a difference and it is important to know when a formal valuation is required as opposed to obtaining an appraisal.

Valuation is the calculation and assignment of the gemstone or jewellery item's financial value. Strictly speaking, - appraisal means the judgement, assessment and quantification of the jewellery piece or gemstone. This would include things like the quality and weight of the gold or platinum, the workmanship, the quality of the gemstones, their weight and dimensions etc.

Valuations are required when a definitive value is needed. Reasons for this include obtaining finance from a lending institution or establishing the value for an insurance purposes. A Court may also order that a valuation be obtained as part of the process of resolving a dispute.

Appraisals are only intended as a guide to pricing. Appraisals are estimated by knowledge of the local market and recent sale prices and should only ever be used as an estimate of price. They are not definitive and have no legal standing.


 
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Bibliographic details
Page title What's the difference between a Valuation and Appraisal?
Author Paulo Cruz
Website title Alexandrite Tsarstone Collectors Guide
Date published 15 March 2009 04:12 UTC
Date accessed 21 September 2014 10:01 UTC
Permanent link http://www.alexandrite.net/viewpage.html?id=FRM-280-00001
AMA style
Paulo Cruz. "What's the difference between a Valuation and Appraisal?". In Alexandrite Tsarstone Collectors Guide. March 15, 2009, 04:12 UTC. Available at: http://www.alexandrite.net/viewpage.html?id=FRM-280-00001. Accessed September 21, 2014.
APA style
"What's the difference between a Valuation and Appraisal?". (2009, March 15). In Alexandrite Tsarstone Collectors Guide. Retrieved 10:01, September 21, 2014, from http://www.alexandrite.net/viewpage.html?id=FRM-280-00001.
Bluebook style
"What's the difference between a Valuation and Appraisal?", http://www.alexandrite.net/viewpage.html?id=FRM-280-00001 (last visited September 21, 2014).
Bluebook: Harvard JOLT style
See Alexandrite Tsarstone Collectors Guide, "What's the difference between a Valuation and Appraisal?", http://www.alexandrite.net/viewpage.html?id=FRM-280-00001 (It is important to know when a formal valuation is required as opposed to obtaining an appraisal.) (as of Sep. 21, 2014, 10:01 GMT).
CBE/CSE style
Paulo Cruz. "What's the difference between a Valuation and Appraisal?". In Alexandrite Tsarstone Collectors Guide. 2009 Mar 15, 04:12 UTC.[Internet], Alexandrite Tsarstone Collectors Guide; 2009 Mar 15, 04:12 UTC [cited 2014 Sep 21]. Available from: http://www.alexandrite.net/viewpage.html?id=FRM-280-00001.
Chicago style
Paulo Cruz, "What's the difference between a Valuation and Appraisal?", http://www.alexandrite.net/viewpage.html?id=FRM-280-00001, (accessed September 21, 2014).
MLA style
"What's the difference between a Valuation and Appraisal?". Alexandrite Tsarstone Collectors Guide. 15 Mar 2009, 04:12 UTC. 21 Sep 2014 http://www.alexandrite.net/viewpage.html?id=FRM-280-00001
MHRA style
Paulo Cruz, "What's the difference between a Valuation and Appraisal?", Alexandrite Tsarstone Collectors Guide, 15 March 2009, 04:12 UTC, http://www.alexandrite.net/viewpage.html?id=FRM-280-00001 [accessed 21 September 2014].
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