#10201
Robert Bennett
Participant

    Hi Lynda,

    I suggest you ask the trustee for a copy of the valuation to be sent directly to you from the valuer. Request that you be copied in on the email request, or ask the trustee to prepare a signed hard copy request to be mailed to you for on-forwarding to the valuer. I’d do this regardless of whether the diamond is a material asset. If the trustee queries why this procedure in necessary compared with the prior year, use “professional judgement” as the reason rather than any allegation of fraud.

    I’d also request that the valuation is at “sell” value if this is not already clear. Diamonds trade at a large buy/sell spread and many valuations are at “replacement” value, i.e. “buy”. See classic article https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/

    Rob

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