A receipt records a transaction. An appraisal expresses a valuation for a stated purpose and date. A resale offer states what a particular buyer is willing to pay under specified conditions. Treating an insurance replacement appraisal as available cash can create a misleading picture of wealth or investment performance.
What each figure means
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| Figure | Question it answers |
|---|---|
| Purchase price | What did this transaction cost, including the stated services and taxes? |
| Appraised value | What value is estimated for the specified purpose, date and market? |
| Net resale proceeds | What cash remains after an actual sale and all selling costs? |
An original net-proceeds example
Suppose a stone cost 10,000 currency units, an insurance appraisal says 12,000, and a buyer now offers 8,000. If commission is 400 and shipping/insurance is 100, net proceeds are 7,500. The loss against the purchase cost is 2,500, or 25%, before tax. These numbers are invented and are not typical market discounts or an EXAM result.
Build a sale-ready evidence pack
- Match the stone to its laboratory report, ownership documents and current condition. A grading report describes characteristics; it is not an offer to buy or a price guarantee.
- Seek comparable written offers with expiry dates, inspection conditions and fees. An auction estimate is not a completed sale; consider time to payment as well as price.
Further reading
General information only; not investment advice, an offer or a recommendation. Any participation is subject to eligibility, documentation and applicable permissions. Capital and returns are not guaranteed; some or all capital may be lost.