Very nice Morganite. Great color, cutting and clarity. Exceptional stone. This gemstone comes with the pictured appraisal certificate from a GIA Graduate Gemologist in the San Diego Jewelry District. b For those who don't know how appraisal values are determined, there are two ways that appraisal values are determined. Some appraisers give the retail value of the piece, whereas others give a replacement value. The appraisal for this stone is not a retail value. As you can see, it's a replacement value, meaning, it's the value it would cost an insurance company to replace the item. And because insurance companies use wholesalers to replace lost or damaged goods, replacement values are considered wholesale, generally around 50% of a retail value. That means that this stone, in a jewelry store, would sell in the range of $2,150. The appraisal price of $1100 is the wholesale/gem show price, and our asking price here on Ebay is 50% of that. Natural and untreated. Most gems sold online aren't jewelry grade. They're either poorly cut, have weak color or too many inclusions, giving them the designation collector grade. Collector grade gems aren't worth nearly as much as jewelry grade. This gem is a cut above. We encourage you to do some searches are compare the quality of our gems to others online. The difference should be clear. For Proxibid bidders, shipping is a flat rate of $6, no matter how many lots won. For Live Auctioneers bidders, shipping will be calculated automatically by Live Shipping and all winnings will be combined into a single package for one low rate.