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Ron Perelman's $410m insurance trial is testing the limits of art valuation

The Art Newspaper

The insurers dispute the damage, as well as Perelman’s claim that he never attempted to sell the works afterward. But how does a market, increasingly professionalised, complex and litigated, quantify a quality as elusive as “oomph”? And why does it take seven years—and millions in legal fees—to do so?

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Why Get a Diamond Appraisal for Your Engagement Ring

GIA 4Cs

The appraisal also records the precious metal used for the setting and the approximate weight and quality of any side stones or melee diamonds that it contains, as well as the quality of the workmanship and overall condition of the ring. An appraisal may be needed for a variety of reasons (insurance, donation, estate, divorce, etc.).

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Passion Assets: A True Love of Collecting

Art Peritus

However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies. Several nuanced factors determine the value of passion assets, including rarity, quality, condition, and provenance.

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Office Hours Information from March 2025

International Society of Appraisers

There are different marketplaces depending on many factors, including: urgency to sell, quantity, condition of the property, and the quality of the items. What is the quality of diamond jewelry? It has similar qualities. The insured ends up with a comparable, used property and not a new property.

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How Much Should an Engagement Ring Cost?

GIA 4Cs

This depends widely on the quality of the metals and the gems and whether the ring is from a well-known brand. Colorless diamonds may appreciate if they are high quality (with top color, clarity, cut grades) and extremely large. When searching for a diamond ring, look at the 4Cs of Diamond Quality —color, clarity, cut and carat weight.

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The Role of Jewelry Appraisers in Insurance Valuation

Buckhead Jewelry Appraisers

So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. Replacement Cost Valuation The RCV clause calculates the expense of replacing or repairing your jewelry to its original quality.

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The Essential Guide to Jewelry Appraisal and Insurance

Buckhead Jewelry Appraisers

Why Appraisals are Necessary for Jewelry Insurance Jewelry appraisal is the process of assessing the value of your jewelry by a qualified and certified appraiser, often for insurance purposes. Each time, you renew your jewelry insurance policy because insurance companies require current appraisals to ensure accurate coverage limits.