We buy our pearls straight from the source, which allows us to offer such a spectacular price on this necklace, despite its appraised value of $1,500. We'll even mail you a copy of the appraisal. Please understand that original appraisals from certified appraisers cost between $120 to $150 each in nationwide market. Thus we are not able to send the original appraisals along the order. We'll send you the copy of the appraisal which was done on a same quality pearl necklace and for reference purposes only. When you shop with Augustina Jewelry, know that you are purchasing the highest quality freshwaters at the lowest prices.