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Q: In a damage claim, what's the most common marketplace for determining the fair marketvalue of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair marketvalue for a damage claim would be the same for any other intended use.
On this form, you list each of the items you have donated along with some basic information about them, including "fair marketvalue" and "method used to arrive at fair marketvalue." An appraiser is trained in this kind of marketresearch and likely spends much of their time monitoring market conditions.
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