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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. Clients pay the insurance premium precisely to preserve the option of receiving a settlement sufficient to replace items within a practical time frame sourcing from the retail level of the market.

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Understanding the Difference in Value for Different Jewelry Appraisal Purposes

La Jolla Gem Appraisal

Each type of value serves a specific need, and understanding these distinctions is essential for making informed decisions. Here, I’ll explain the four main types of value in jewelry appraisal— Retail Replacement Value , Fair Market Value , Marketable Cash Value , and Liquidation Value —and when each is used.