I am thinking of selling a diamond ring in the newspaper. Does that mean I need a Fair Market Value appraisal?
Technically yes; practically no. The use of Retail Replacement appraisals as reference has been done for so long, the advice is to jump in and sell with a Retail Replacement appraisal. Most of your prospective buyers will not be familiar with a Fair Market Value appraisal and will want it discounted as though it were a Retail Replacement appraisal.