Why are Opal Valuations Garbage 99% of the Time? Roys Rocks Rants 1

Рет қаралды 1,528

Күн бұрын

Why are Opal Valuations Garbage 99% of the Time?
I see these time and time again where people try to sell opal based on a professional valuation they get done where the price is absolutely outside the realms of possibility.
Today I rant about how much I hate it.
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Timestamps
00:00 Opal valuations are rubbish
01:54 Better estimates from "randoms" on facebook
03:16 What you can get for $30,000?
05:36 Issues with high valuations
12:14 Thanks members

Пікірлер: 91

@nnOpals 6 күн бұрын

Amen brother. This stone would sell for $30 in my shop at No Reserve. Totally dishonest behaviour here. I'm bookmarking this link and showing it to anybody that pulls out one of these BS evaluations!

@RoysRocks 6 күн бұрын

I'm sure like me you get shown a lot of these valuations. Waste of trees these reports.

@zoinkaboose Күн бұрын

@nnOpals I just saw this comment! Good to see I'm not far off of the mark in my thoughts about what it might sell for.

@LifeIsWhatYouMakit 6 күн бұрын

There are appraisal factories in the USA as well. They appraise lead filled rubies as $25,000 rings when in fact they are worth maybe $500 at most. This is a world wide problem I think and should be illegal you’re right. Good video appreciated someone speaking up!

@RoysRocks 6 күн бұрын

It has to be made illegal and there has to be some reporting that can be done to get these guys a warning before serious penalties.

@stevenpolack4444 7 күн бұрын

I've always thought this was a problem. But im no "expert" 😂 Those certificates are absolutely bonkers. Thanks for exposing it 👍👍

@RoysRocks 7 күн бұрын

They are insane. I reckon I could show that to an average person on the street and they would call BS. I show my partner a stone I'm working on and say it is about $10k for a big gem belemnite and she can't believe it. 😂

@jeffholmes1362 7 күн бұрын

Wow I’m rich. If sand shot opal is worth over $1000 a carat, I’m a millionaire. 😂😂😂

@RoysRocks 7 күн бұрын

I said on the original post I might be close to a billionaire! Turns out fossils are worth their weight in gold.

@IntergalacticAustralianOpal 3 күн бұрын

Excellent video and it's insane how these appraisers and valuations are so far out of the ballpark... Something needs to be done about this. I had no idea what these appraisals and valuations were for - it seems like this is literally set up for insurance fraud...

@RoysRocks 3 күн бұрын

Its super strange I just saw another valuation from one of these two and... it was actually not that bad. How they can be so hit or miss I have no idea. Maybe they saw the video haha

@bbisyy4u 7 күн бұрын

That’s crazy. It’s sad to see people taking advantage of people who are less knowledgeable. Such a scam and people actually believe them. It doesn’t take many bad apples to spoil the whole bunch.

@RoysRocks 7 күн бұрын

I looked it up and the prices range from about $150+ for each stone. Absolutely ridiculous. Under a certain value it is just not worth doing.

@IntergalacticAustralianOpal 3 күн бұрын

@@RoysRockshow does know where to even go at that point if one did need to properly appraise a stone professionally, since the BS is so rampant? Are there any very reputable sources.

@matthewsadigh9004 7 күн бұрын

Completely agree Roy, it's always been a pet hate of mine. Ruins the industry, there's enough distrust and miss-information in the industry without all this. These people evaluating opal should be regulated.. the industry as a whole needs reform imo, I know aus was built by crooks but that was along time ago! 😅

@RoysRocks 7 күн бұрын

Seems the crooks get to keep it up. I dont think I can trigger any change but at least people know what to look out for a tad bit more. I wish I could get a politician interested in this one but I doubt it.

@hudmumper 6 күн бұрын

I had someone ask me once about the value of their opal ring. I told them i wasn't a professional and didn't have ANY experience in valuation but they were insistent. I gave them my best guess, Well, they didn't talk to me for months, nearly a year. I still have no idea if they feel i under or over valued it in their eyes. I don't resile from my valuation (guess)but i kind of regret sharing it with them. Things like this though ...just make my blood boil. As a friend of mine would say "My gast has been flabbered" 😮

@RoysRocks 6 күн бұрын

I feel the pain. Its why I always go with things like "it would be a fast sell at $x but you could up it and just hold on at $y, you can always reduce the price later".

@nancycurtis7315 7 күн бұрын

Thanks Roy. It's a common thing. They are not able to value pearls, either. Mine were from Broome. Went to restring and value. Told 400 dollars, once restringing complete. They are well into 5 figures!!😂. Oh. I have FINALLY started! On the hardest. The fossil. You know what is there. Some lovely colours peeking out and I'm not going to cut it much. Just smooth the chip on edge of shell. I have spent hours with a sharpened dart point, just picking between shell growth lines and getting the grot out. Cant bear the thought of making anything but at beautiful fossil. LOL. I love it as an artifact more. Have a great day everyone.

@RoysRocks 7 күн бұрын

Oh a sharpened dart point is not a bad idea. I might try that myself...

@nancycurtis7315 6 күн бұрын

@RoysRocks This was a very old dart. Maybe high carbon content, as it keeps the point very well. I didn't have a probe, so hunted the " that might come in handy" drawer! Found dart. It took hours to sharpen it! Very handy pick to have. Sorry if made wrong decision on fossil, but I can't ever do anything but this to it. Just get the detail as best I can out.. Opal factor got shelved when I laid my eyes on it. Sorry if that disappoints you, but it was alive once. Even the muscles inside and hinge at rear are intact. Thank you so much for trust on this. I hope you are happy with my decision.

@JSGilbert 6 күн бұрын

Not just opal and not even just gemstones. It seems that so many people believe their items are worth far more than they actually are.

@RoysRocks 6 күн бұрын

Especially if they get told by professional valuers that they are worth 1000% more than actuality.

@bentationfunkiloglio 6 күн бұрын

Wow. That's the most rediculous valuation I've ever seen. Similar thing happens with other gems, unfortunately. I've seen tourists trap "gem panning" places here in The States suggest ridiculously high valuations for low-value, man made minerals. The scam in this case is motivating people to have the rough mineral cut and placed in jewelry.

@RoysRocks 6 күн бұрын

It is such an old swindle and yet in 2024 it seems to be as strong as ever. Ridiculously annoying.

@Matti_H_ 6 күн бұрын

I saw the post you are referring to and agree 100%. Some of the coments were harsh , I think a lot of people just jump straight to the opinion of scammer rather than consider the circumstance that the seller may not have the knowledge and relying on the information they have .

@RoysRocks 6 күн бұрын

Yeah it happens a lot where people think it is the poster that is trying to scam others when really I think most of the time they are the ones that were scammed by these valuation companies.

@rachelruggieri5491 6 күн бұрын

It would be cool if you made more triple R videos on various topics. This video shocked me so much. Opals are a difficult gemstone to value because they are each unique but I didn’t think it was this bad. You can always sell something for any price but it doesn’t mean anyone will buy it, but if someone does buy one of these it will become tragic. Everyone, please make educated choices when looking for an “investment piece” be careful out there.

@RoysRocks 6 күн бұрын

The worst part is paying for the insurance on this stone at a $30k value when it is worth less than $1k. My home and contents would be in the 10's of millions if I had a valuation done on all my stones from these companies.

@kenoathiog1156 6 күн бұрын

As a fellow ranter…. Love your work 😂

@RoysRocks 6 күн бұрын

Haha a rare rant from me.

@PulitzerOpal 6 күн бұрын

Give 'em hell, Roy! (I would give that shell away in a video .... really)

@RoysRocks 6 күн бұрын

I've done the same in my giveaways.. except the shell still looked like a shell.

@Marb-pd9jz 7 күн бұрын

Thanks for sharing Roy. It's a bit over priced for sure and I'm no expert! 😊

@RoysRocks 7 күн бұрын

You are not wrong. guess it is just targeting those with zero expertise but still, so unethical.

@brotell1950 7 күн бұрын

Thank you for the info

@RoysRocks 7 күн бұрын

No worries. Just raging at the time of this recording.

@evelynpickwick9822 6 күн бұрын

If this video reaches just one uneducated opal buyer, you will have done something really wonderful.

@RoysRocks 6 күн бұрын

Lets hope so. Dont need to stop these companies if people just stop approaching them for valuations.

@ragieusbuilds8778 6 күн бұрын

I saw this ad in one of the groups. The comments where worth more then that stone xD

@RoysRocks 6 күн бұрын

I hope the poster takes the stone and valuation back to those 2 companies and lets them know they are garbage.

@cshaps1212 6 күн бұрын

And I thought black opal direct was expensive.

@RoysRocks 6 күн бұрын

Man if he got his valued by these "professionals" he would certainly be a billionaire on paper.

@hannagyllensten475 6 күн бұрын

Would be interested to know how correct stated prices of super expensive museum grade opals are, too. Interesting topic.

@RoysRocks 6 күн бұрын

Here at the SA museum they are pretty good. Essentially there is a program where you can donate/sell a stone to the museum tax free and the valuer they use actually knows what they are doing.

@ccccarriemchardy9216 6 күн бұрын

I wish more people would speak up about this. There are reputable ones and not. Stick with the main big labs is my best advise.

@RoysRocks 6 күн бұрын

So do I. I will try and get some traction and speak to some of the big players that I am 100% sure have seen and hate this as much as I do.

@ccccarriemchardy9216 6 күн бұрын

@@RoysRocks It takes sometimes naming them to achieve their name mark.

@charleslatre1436 7 күн бұрын

Sometimes it helps to get things off the shoulder

@RoysRocks 7 күн бұрын

I'd be picking up every rock on the side of the road in Coober Pedy for these kind of valuations.

@pkgoldopalhunting 6 күн бұрын

its a joke some of these evaluations mate, and when you put a negative or even a neutral, review they block you , its a shame on how they can rip people of, you can send back they say then you have to fight to get your money back block you valuations are not the paper written on , evaluators making money of people , good you talking about this topic mate

@RoysRocks 6 күн бұрын

Its a crazy free money printer. I should be doing valuations at this rate. I'd take it seriously and give reasonable figures like they do for properties. Include real world sale of similar gems and all sorts. Not just $1.3k/ct out of nowhere.

@pkgoldopalhunting 6 күн бұрын

@@RoysRocks yar mate bit of a joke there mite be a few reputable evaluators out there but dont know where

@EpicsodeOne 2 күн бұрын

I have a question tho, what do you think about the RRP claims on Opal Auctions? Do you think they're not too far off realistic prices for selling in a bougee/upper-class store?

@RoysRocks 2 күн бұрын

Depends on the seller. Some of them are also way over the top and the "discounted" price they list it at can already be considered a RRP. When they are selling a single stone for 10's or thousands of dollars it can't really be considered a wholesale price. It's like when you catch a store jack up the RRP then discount it back to the original price just before Christmas.

@EpicsodeOne 2 күн бұрын

@@RoysRocks So you mean, even if I'm reselling them in a store the RRP is still way over the top?

@TomsBackyardWorkshop 7 күн бұрын

Id say thats about a $200 - $300 opal.

@RoysRocks 7 күн бұрын

I'd say you are about right on the money.

@handlesmademeloseauniqename 6 күн бұрын

Step 1 get GIA certified Step 2 make shit up Step 3 profit

@RoysRocks 6 күн бұрын

These didn't even get GIA certified. Step 1: make shit up. Step 2: Profit.

@kenoathiog1156 6 күн бұрын

….. though I’m kinda wondering whether it would cut & whether the sand is through the middle … 😂

@RoysRocks 6 күн бұрын

Haha I'm not sure I could do any more for this stone. The back was all lumpy so I could fix that.

@EpicsodeOne 3 күн бұрын

Roy's Rants 😌

@RoysRocks 2 күн бұрын

More to come... though it is rare I ever get this annoyed about a topic.

@EpicsodeOne 2 күн бұрын

@@RoysRocks The better you become, the more of a perfectionist you become, the more THAT happens, the more you will start addressing miss-info and cliches and what not. It's normal, it's the ''Shouting at kids to get off your lawn'' of slowly becoming an Opal veteran.

@ROCKINWHEELERS 5 күн бұрын

I LIKE/LOVE SHELLS AND OHHH BELLIMITES.

@RoysRocks 5 күн бұрын

Opalised fossils are the best there is for sure.

@dcallan812 6 күн бұрын

Roy's Rocky Rant's sounds like a funny title. The stone is just that a stone, any resemblance toa shell was rubbed off. Damn Nova points JUST KIDDING Nova make some great kit its the people using them thats 99% of the issue. Its not that nice an opal the marks round the top and left angle.

@RoysRocks 6 күн бұрын

Its a pretty rough stone and yeah no longer a shall in the minds of most. Roys Rocks Rants episode 1. Lets see how long it take for me to be annoyed enough to make an episode 2.

@MikeyMikeHq 7 күн бұрын

Good laugh

@RoysRocks 7 күн бұрын

Sometimes I laugh but sometimes they kick me in the guts like this one.

@zoinkaboose Күн бұрын

Geeez, $100? I would ask for $60 then take home $40. The fun of carving it would pay for the excess as I'm a complete learner.

@RoysRocks Күн бұрын

I've seen a few pretty average shell carvings sell for a few hundred so I would have been alright with that for a valuation.

@Teknojok 7 күн бұрын

Do the evaluators get a percentage?

@RoysRocks 7 күн бұрын

No they seem to charge $150+ per stone upfront.

@Teknojok 6 күн бұрын

Sounds like they want them to come back perhaps.

@ieatcaribou7852 4 күн бұрын

Let’s see these “professionals” offer to buy any of the stones they value. I’ll rely on people in the opal field rather than some clown. Let’s be honest though, the seller got ripped off but they had to realize those valuations were outrageous. 😂😂😂

@RoysRocks 4 күн бұрын

Haha TRUE!!! I didn't even think about that but you are 100% right. They would offer a couple hundred bucks max. Imagine the awkward silence if the person picked up the certificate and asked them if they would be interested at $25,000, mates rates!

@Scarlet_Soul 7 күн бұрын

Okay it's a bit of a larger stone but that has to be a sub £1000 stone

@RoysRocks 7 күн бұрын

Probably closer to £100.

@Scarlet_Soul 6 күн бұрын

@@RoysRocks I was trying to be kind to the valuer XD

@bubbleox8631 5 күн бұрын

How many people can own that exact opal and how many exactly the same exist anywhere I seen A pink diamond sold for more and you can reproduced this exact diamond any amount of times as you like .Don’t rubbish the national gem LET US SEE IT BE ARTIFICIALLY REPRODUCED as it offends personally. WHEN YOU LOOSE A CRYSTAL YOU CAN MAKE ANOTHER ONE when you loose an opal it’s lost forever .

@RoysRocks 5 күн бұрын

Not exact but you can get this quality OR 1000% better for that same price. You can say it is not identical but they can be graded and mis grading is harmful to everyone in the industry. Gradings exists for all gemstones for good reason. This behavior can not be defended.

@redeyestones3738 7 күн бұрын

Pssshhh... that looks like $75 per carat material. Some people's kids...

@RoysRocks 7 күн бұрын

Probably at best even at todays skyrocketing prices.

@ROCKINWHEELERS 5 күн бұрын

IT IS ALL ABOUT THE $$$$ AND WHEN YOU FILE A CLAIM- THEY WILL NOT PAY WHAT YOU INSURED IT FOR, LUCKY IF YOU EVEN GET 10% OF VALUATION!!! ALL ABOUT THE $$$$ AND NOT PAYING YOU FOR THE ACTUAL INSURED $$$$-HAHAHAHAHA!!!

@RoysRocks 5 күн бұрын

Not really how it works. They have to dispute the valuation and get their own and pay it out. If the item is fully gone they can't just decide on a percentage.

@peterchristodoulou1264 7 күн бұрын

I saw this post too ridiculous

@RoysRocks 7 күн бұрын

Crazy. I turned off my computer and went to bed but got up turned it all back on and saved the certificates. I'm saving every single one from now and raising it with the companies because they cannot be proud of these.

@peterchristodoulou1264 6 күн бұрын

@@RoysRocksthe thing is too for new cutters who get fake evaluations on poorly cut stones with no symmetry and inclusions everywhere doesn’t help either