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 is for reference purposes only. When you shop with Augustina Jewelry, know that you are purchasing the highest quality freshwaters at the lowest prices.