Rosdebor International, Rosdebor Property exaggerated value of item, deceptive wording Langhorne Pennsylvania
Via the website, propertyroom.com (stay away from this website too), I bought a ring that was reported by them to have an Estimated Replacement Value (ERV) of $4,500. This was "certified" and came with an "Authenticity Grading Report". However, two different jewelers I went to (including one who is a friend) said that the value of the ring I had purchased wouldn't even come close to a tenth of that. Basically it would be a stretch to say it was valued at even $450.
Upon contacting the company to ask for an explanation of what a ERV actually was they said, "The Estimated Replacement Values you are seeing in some of the jewelry listings are very subjective. The Replacement Value on
a listed item should not be confused with appraisals or market value as they are not the same. Please note that the Replacement Value can be different from Market Value and is subject to change from store to store."
In other words, we make it up and it means nothing other than to deceitfully convince you the item has value.
In trying to send the ring back, I was told that I needed to have it re-appraised and send the paperwork back proving the ring is junk or I would be subject to a large re-stocking fee. We'll see if I ever get my money back at all.
DJ
California, California
U.S.A.
2 Updates & Rebuttals
Sandy
Detroit,Michigan,
U.S.A.
Rosdebor International ripped me off too?
#3Consumer Comment
Tue, February 10, 2009
I to went to the property room because i heard they had auctions. I bid on a lot of sites and have had very little problem, until Rosdebor Property! I first won a ring for $1 plus 16.95 shipping and handeling..i could tell it wasnt the highest quality ring, but for 18 bucks, its not bad..My big mistake can when i saw a ruby and diamond ring i wanted for my girlfriend..i won the bid at 36 dollars, plus 16.95 s+h. I couldnt believe this ring! there was a big chunk of gold missing in the band? and all the stones were way different sizes. Property Room told me id have to take it up with Rosdebor, who has yet to contact me back. Thank god i found this site, even though its to late, but you had there address here, so that gives me a new start. Thank you Ripoff Report. Sandy A.
Mark23
Baltimore,Maryland,
U.S.A.
They got me too! Same thing
#3Consumer Suggestion
Wed, July 09, 2008
You can see my report too...
sounds like the exact same practice
This is the ring they got me with
http://www.propertyroom.com/itemdetails.aspx?l=5202618#1
I paid $335 for mine though.
Beware propertyroom.com & rosdebor international in langhorn pa