Our recommendation of updating fine jewelry appraisals every five years or “When your insurance agent bugs you” is currently revised for clients with diamonds of two carats and larger. See us now!
The jewelers’ cost for most two carat diamonds has risen 20- 40% in the past three years. Lower profit margins and fierce industry competition have left the retail “cushion” of two to three year-old appraisals painfully thin for replacement. For once the market is threatening the mark-up.