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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

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What Does An Appraiser Do, Anyway?

Penrose Appraisals

So, they snatch up grandma's lamp with the stained glass shade and bring it down to the local antique mall to find out what it is worth. On the other hand, in other cases, such as in pottery or glass, even the slightest chip or crack can significantly decrease value. Market research. Intangibles.