May 2005 Archives

Have had questions, both from private clients and attorneys; evaluation and valuation.
As with other connected misnomers; the difference is subtle, but important (but first: let me not forget to tell you a story). In a recent submission for yet another personal property theory course; my professor, for whom I have much respect (a PhD. X 2.5, at least); corrected grammer in my paper with incorrect grammer!! I will not elaborate further, except to communicate the following, to eliminate confusion:

You can reach us by phone, fax or email: 
Quenton Elliott Jr. 

713.530.9919 (office)
713-337-0919 (fax) 

or via email: quenton@appraiser4jewelry.com

ELLIOTT APPRAISERS, LLC
Independent Valuation of Personal Property • Gems and Fine Jewelry • Consultants

FOCUS

The Valuation of Gems and Fine Jewelry:
A highly specialized practice within the discipline of personal property appraisal. We have 30 years tenure in the Gemological and Valuation sciences; and have built valuable relationships among the numerous and varied sources, distribution networks, markets and marketing levels of the jewelry industry.

We offer our clients a unique scope, depth and level of experience in the gems and jewlery industry. We first determine how Elliott Appraisers may best meet your particular need. We provide complete and comprehensive market-specific ananyses and reports, designed to satisfy both your needs and requirements; whether for insurance, estate/probate, financial, division/dissolution, civil court proceedings, comparison, or for personal or business consultation.
Among the most frequently subjects encountered:
• diamonds, colored gems
• contemporary jewelry and watches
• vintage and collectible jewelry
• custom jewelry design and fabrication

GUIDE

QUENTON ELLIOTT, JR, GRADUATE GEMOLOGIST (GIA, in-residence 1976):
Established Elliott Appraisers in 1998 as an independent, professional appraisal practice dedicated to the valuation of gemstones, fine jewelry, and selected decorative arts.

Elliott Appraisers, LLC was formed in 2003, and is completely independent of any other company doing business under the name Elliott.

Quenton, Jr has been engaged in the fine jewelry industry since 1976. He was for over 25 years (divided into 2 "tours"), a second-generation managing member of a family-owned, custom jewelry manufacturing firm; bisected by 2 years as a salon manager-buyer with a high profile national jewelry salon. Throughout - Quenton remained involved in the discipline of gems and jewelry valuation, and is a perpetual student and observer of world markets, commerce, and trade developments.

PROFESSIONAL

• Graduate Gemologist Diploma - In Residence (G.G.) - The Gemological Institute of America (1976)

• Certified Insurance Appraiser (C.I.A.) - The Jewelry Insurance Appraisal Institute (1998)
• Speaker / commentator to private and industry groups
• Web-log writer, industry pundit
• Expert Witness: testimony, private advisory and mediation

General Areas Covered
• Replacement Valuation - for Comparable Insurance Coverage Underwriting;
• Fair Market Valuation - for Estate, Taxation, or Distribution;
• Marketable Cash Valuation - for Trade, or Prospective Sale of Personal Jewelry;
• Damage Assessment Valuation - for Insurance and Capital Loss;
• Forensic Gemological Analyses Pursuant to Resolution of Legal Issues.

Elliott Appraisers, L.L.C. maintains modern onsite and mobile laboratories for the inspection, identification or analysis of diamonds, colored gems, metals, fine jewelry, and selected decorative arts. Utilizing a wide array of gemological, trade, supply and industry research, associates of Elliott Appraisers remain abreast of:
• Technical advancements in gemology;
• Changes in gemstone treatment and enhancement;
• Marketing, pricing and consumer trends involving diamonds, colored gemstones, precious metals and fine jewelry.
Documents provided by Elliott Appraisers, L.L.C. have been widely accepted by major insurance companies, recognized auction houses, estate, probate and civil attorneys.

Please visit and enjoy the other facets of our website. Thank You!

Black’s Law Dictionary defines an appraisal as “a valuation or an estimation of value of property by disinterested persons of suitable qualifications” and “the process of ascertaining a value of an asset or liability that involves expert opinion rather than explicit market transactions.”

This is a question I am regularly asked in regard to appraisal language. Price is frequently confused with value (and abused; especially in the hype-rich arena of retail jewelry, where one is often used to justify the other). While price and value are nearly always used in close proximity, they are really two different things. I follow with terms, and three examples.