I am up in Alberta after my Mother in Law died last week. busy cleaning out stuff and taking care of the estate. We have a diamond ring that was appraised at $6500 for replacement. It now belongs to my Sister in Law. We stopped by a place that has a good reputation to see what they would pay. They offered $500.

I know the appraised replacement value is not the market value. Does anyone on here know what kind of place is best to get a fair price for the ring? Does anyone know what the usual percentage difference is between appraised value and market value? The place that offered the $500 is basically a pawn shop.

Any help is appreciated.

Mike

P.S.

May be a strange question on the darkside, but I would guess some of you know about this stuff.