Benefits Of Getting Your Jewelry Appraised
Posted on October 17, 2019
Many of our clients obtain a jewelry appraisal before or after making a major jewelry purchase. This ensures that the item purchased was correctly represented by the selling party as well as insurance purposes. The appraisal helps the insurance company insure the full retail price so it can be replaced in the event that it is lost, stolen, or damaged.
Fair Market Value
A fair market value appraisal is done in the case of a private sale, liquidation, estate settlement, guardianship, dissolution of marriage, and collateral. These prices are determined by the current market value and condition of the piece.
What is included in a Private Jewelers Appraisal?
i. the content and weight of precious metals; measurements; pennyweights; length; width; diameter;
ii. a detailed description of diamonds and gemstones (carat weight, cut, clarity, color, measurements, proportion and finish);
iii. a color photograph;
iv. the appraised value of your jewelry
Getting your jewelry appraised is about protecting your investment.
You may have pieces that are irreplaceable, but it does help to know you’re getting all you can in the event they are lost, damaged or stolen.
Our independent graduate gemologist and appraiser is certified from the Gemological Institute of America. For appraisal inquiries, please give us a call to schedule your appointment today.