Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does AIG reach a “Retail Replacement Value” conclusion?

April 26, 2017aig conclusion REACH replacement

0

Posted

How does AIG reach a “Retail Replacement Value” conclusion?

1 Answer

0

Posted

The AIG laboratory uses current market pricing for; creative design, gemstones, labor, materials, and precious metals, along with comparable sales data from local and national retail jewelry stores based in regional shopping malls. The regional shopping mall jewelry store is the marketplace in which the Retail Replacement Value appraisal is used. This value is generally the estimated retail price tag of an item listed for sale in the jewelry store.