What is “retail replacement value?”

Retail Replacement Value is the dollar amount that jewelry appraisers normally use on an appraisal for insurance purposes.  This value is an estimate of the highest full price you might pay for an item at a retail jewelry store, without any discounts or sales.  Using this value ensures that you have adequate insurance coverage.  An inflated appraisal may make the owner of the jewelry feel good about an acquisition, but only the insurance company benefits financially through increased premiums.