“Can you tell me what this is worth?”
My standard answer is “It is worth what you paid for it. If you want a professional appraisal I charge $60 an hour, minimum two hours to evaluate and determine the value.”
“But I don’t want an appraisal, I only want you to tell me what it is worth.”
I have seen that many online educational videos tend to assume that you have some experience with bench work. Many also assume that you have access to tools. Lots of tools. Very expensive tools. This was a pet peeve of mine when I was just starting in the 80’s and it seems that nothing has really changed.
A great example of how things change.
Look at your engagement or wedding ring. Is it a Tiffany style solitaire? If so, I have some trivia for you.
When I was in college taking an “Economics 101” class, I remember having this one point hammered over and over again: “The law of supply and demand states that a low supply and high demand for any product or service will typically increase its price”. That brings me to the title of this post. “Buying Scarcity”. After some basic info, I will tie it into the jewelry trade.