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Pawnbroker Sells Ring for $3,500 More than Estimated Sales Price with the JAGi CardCert™

A JAGi pawnbroker customer (name withheld by request,) recently received in inventory a sapphire ring.  He stated, “I thought it would sell for $400- $600” and planned on selling it in his store.

However, he decided to submit the ring for an appraisal at JAGi (then called Cal Gem Labs). To his surprise, JAGi’s GIA Graduate Gemologists valued the ring at $5,499. Upon finding out the real value of the piece, he put it up for auction on a well-known website.

The sapphire ring was purchased at auction for $4,100, $3,700 more than the pawnbroker’s initial estimated retail value!

This is another example of how JAGi is presenting the opportunity for pawnbrokers to increase their income and realize the wealth in their jewelry inventory.

 

About JAGi

The Jewelry Appraisal and Gemological Institute provides a full range of expanding services including CardCerts, appraisals, insurance evaluation, diamond reports, and other services. JAGi was founded over two years ago by Moris Adato, Graduate Gemologist, and successful pawnbroker. Moris understood there is a vast amount of unrealized wealth, sales and profits for every pawnbroker in the gemstone and jewelry inventory. However, there was no ethical and verifiable authority to create credentials critical to the sale of items both in-store and online. With today’s jewelry sales demanding certification and appraisal from an ethical source especially online, Moris founded Cal Gem Labs to service pawnbroker needs. With the expansion of the lab-grown diamond market and other simulated and synthetic gemstones, the need for a certified report has never been more urgent. JAGi is fast becoming a full-service laboratory adhering to GIA standards and utilizing the latest measurement and detection technology. All jewelry, gemstones, and diamonds are examined, graded and appraised by GIA Graduate Gemologists.

 

October 16, 2018 Industry News
About Sharon Rapoport