What is a Jewelry Appraisal?
Jewelry appraisal is a process in which a professional examines a piece of jewelry and arrives at an estimate of its worth. Appraised prices usually consider the materials used, the style of the jewelry, the market for that type of jewelry, and the provenance of the jewelry. There are a number of reasons to seek jewelry appraisal services, ranging from the need to insure a piece of jewelry to the desire to price out jewelry before offering it for sale. There are several ways in which people can request a jewelry appraisal. Some jewelry stores offer appraisal services, although the danger of having jewelry appraised by a jewelry store is that the store’s appraiser may quote a low value to people who are trying to sell their jewelry. Antique stores and auction houses also sometimes appraise for customers, and it is also possible to use an independent appraiser. Using an independent jewelry appraiser is often best, because he or she gets paid just to price the jewelry, not to try and make
A jewelry appraisal is a signed document which gives a monetary value to the item after it’s thorrough evaluation. The final monetary value depends on the purpose of the appraisal, which could vary from Insurance, Retail Replacement, Divorce, Estate, Liquidation, etc. The most common appraisal is the one used for insurance purposes. When a consumer makes a jewelry purchase, they would want to insure it with their homeowner’s insurance company such as State Farm, Allstate, Geico, etc. The insurance company will most likely require a separate writers insurance on your new jewelry purchase. They are usually not covered under the umbrella policy. I will just give the receipt, that should do the job? On most occasions, the insurance company will not take the receipt of the item purchased (by any chance if the insurance company takes the receipt as evidence for insurance, then I would switch companies). A receipt will have the actual price that you paid and comes with very limited informatio
An appraisal of fine jewelry (and/or watches) is the qualified opinion of an expert in their field of gemology (and/or horology) pertaining to the value of the article described. It first requires an accurate representation of the item and its components – gemstones and mountings – their identification and qualitative grading against industry standards. It requires the application of relative value for the intended purpose.
An appraisal of fine jewelry is the qualified opinion of an expert in the field of gemology pertaining to the value of the article described. It first requires an accurate representation of the item and its components – the gemstones and mountings – their identification and qualitative grading against industry standards. It then requires the application of relative value for the intended purpose. Are there different types of appraisals? Yes. While the physical description of an article remains the same, the relative value is dependent upon the purpose of the appraisal. INSURANCE APPRAISALS For insurance purposes, a relative retail replacement value is typical. Since retail values vary from source to source, you may see discrepancies between appraisers depending upon their interpretation of the market. How insurance works Your insurance policy (or agent) will explain your coverage limits and conditions pertaining to jewelry. To your homeowners or renters policy you need to add scheduled
A jewelry appraisal is a printed report based on a gemological analysis of a set of diamonds. The certificate provides important characteristics and an approximate retail replacement value of the diamond jewelry. An appraisal is often required for insurance coverage and may be helpful if you intend to resell your diamond wedding ring. What Will a Jewelry Appraisal Tell You? A jewelry appraisal contains valuable information about your diamond jewelry, including: • An accurate description of each article of jewelry being appraised • The characteristics of the diamonds including color, clarity, cut and carat weight • The diamond shape (round, princess-cut, emerald, etc.) • Type of precious metal setting (platinum, gold) • Approximate current retail replacement market value Why Do I Need a Jewelry Appraisal? An appraisal assures you that the diamonds in your wedding band or jewelry item are authentic and of the quality you purchased. An appraisal is often required by insurance companies wh
