Step 6: Appraising

Lesson 3

This is a guide to gem values based upon qualitative evaluations of things like, cut clarity, and color. Those evaluations are inherently subjective, and therefore the values/prices derived from those evaluations are also subjective. Each market participant perceives the cut, clarity, and color of a given gem differently. Realize that buyers and seller often disagree about the quality of a given gemstone, and the price or value of a gem is what one willing buyer and one willing seller can actually agree upon. These values are just a guide. Color descriptions are listed for many gems. If you need help understanding them, see What Does the GIA Colored Gem Grading Code Mean. For a more detailed discussion, see Evaluating Color – hue, tone, and saturation.

The values in our guide come from a variety of sources including primary and secondary gemstone dealers, jewelers, miners, and wholesale suppliers of commonly traded gemstones. You should keep in mind that gems are sold outside these price ranges every day. Prices listed are retail. Wholesale is generally one third of retail. High-end gems are often marked up 30% or less, while low-priced more “commercial…