Global Gemology - Rare Gems & Jewels
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RETAIL REPLACEMENT VALUE

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​Retail Replacement Value (RRV) – (highest value, usually for insurance purpose) is defined as the highest amount in terms of US dollars that would be required to replace a property with another of similar age, quality, origin, appearance, provenance, and condition within a reasonable length of time in an appropriate and relevant market.  When applicable, sales and/or import tax, commissions, advisement fees, and/or premiums are included in this amount.  (AAA 2019 Definitions of Value, p.2)

Used For:​  Obtaining insurance coverage

  • HOME
  • ABOUT
  • SHOP
  • SERVICES
    • APPRAISALS
    • EXPERT WITNESS TESTIMONY
    • SELL YOUR JEWELRY
  • GEMOLOGY
    • GEM ENCYCLOPEDIA
    • THE ART OF GEMOLOGY
  • JEWELRY EDUCATION
    • DIAMOND FACTS
    • JEWELER DIRECTORY
    • JEWELRY PERIODS
    • POCKET WATCHES
    • NATIVE AMERICAN JEWELRY
  • GLOSSARY