Last week on Palmetto Gemology, I began to establish a working foundation from which to further build this series. I hope that I have made it easier to understand how appraisals can vary so much due to the room for human error or differences of opinions.
This week I would like to focus on explaining what a customer or gem owner should expect from the process. Perhaps John and Laura Ramsey (husband and wife, and both are world renowned in the field), have said it best. Their perspective is that the consumer expects that “an appraisal, is an appraisal”, due to our culture which is rich in assembly line products and leads to an assembly line mentality when it comes to valuations.
The reality of this is of course, that no two stones are the same, as nature did not roll them off an an assembly line. This leads to the next obvious problem. Any local jeweler (or anyone for that matter), can give an “appraisal”. Simply because someone is a jeweler is not merit enough to take their word as gospel, as their guidelines by which they assessed the stone are unknown (the Billy Bob Gem Lab routine). If the consumer or gem owner chooses a gemological laboratory such as GIA, EGL, or AGTA, they gain a peace of mind in knowing that there is a standard and rigorous process that is followed each and every time a stone is submitted to one of these facilities. In maintaining strict protocols both in grading and in ethical standards, a “cert” from one of these institutions is regarded as an accepted and true analysis (whereas no one cares about the Billy Bob Gem Lab). From a consumer end, this helps to alleviate anxieties over how their stone will be graded.
I hope this helps in creating an understanding from the customer/owner’s end of the process. In a couple days I will begin explaining the process from the appraiser’s end, and then later in the week we will finally be ready to start getting to the meat of… what IS an appraisal. It may seem like this is being dragged out, but in order to understand what it is, we have to first examine preconceived notions and perspectives.
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