We strive to provide our Ring Reveal winners with the best quality $100, $1000, or $5000 rings out there. However, if you take your $100, $1000, or $5000 ring to get appraised, the appraiser might quote a dollar amount that seems like it is way out of left field.
When it comes to jewelry, worth can be determined by the retailer, the wearer, the brand name, or the appraiser and the worth of the ring can vary greatly from person to person. If you get your ring appraised, the appraiser will likely tell you that your ring is worth significantly less than the approximate retail value of the ring because it's in their best interest to quote a lower price. We know this can be frustrating, but in our eyes, should not be viewed as a problem because it is a bias that we don't have any control over.
Therefore, when we say win a ring worth $100, $1000, or $5000, we are talking about the approximate retail value of the ring--or--about the price you'd expect to pay for a ring in a department store or jewelry chain.