What Is An Appraisal?
An appraisal is an opinion as to the authenticity, quality, design, and value of a piece of jewelry. Since it is an opinion, backed and supported by training, equipment, and experience, it is important to understand that there can be honest variations between competent appraisals.
Most people commonly believe that the declared price evaluation is the most important aspect of an appraisal. This is not true! Actually, the most important part (and the most protective to the customer) is an explicit description of the jewelry item, accurately depicting the design, the metal, and the stones.
You Should Have Your Jewelry Appraised
•On the purchase of new jewelry, assure coverage for replacement in case of loss or theft.
•In view of continuing inflation, it is a good idea to have all your jewelry appraised every two or three years.
Remember that the most reliable appraisal is an opnion based on knowledge gained through education and special training, backed up by technical equipment and reinforced by experience.
To give yourself the benefits of the most accurate appraisal possible, heed these points.
•don’t try to save money on an appraisal. For a professional evaluation, expect to pay a fair fee, usually based on an hourly rate. The more intricate the jewelry, the more time needed to examine it.
•Don’t rush your appraiser. Adequate time is needed to carefully examine every face of your jewelry.
Our Appraisal Services
Professional jewelry appraisal and gemstone identification is performed in our own onsite gem laboratory by a Certified Gemologist Appraiser of the American Gem Society. Pricing of appraisals starts at $85.00. The process generally takes anywhere from a few days to a couple of weeks. Your jewelry item will be accurately graded at the current market. Each appraisal will also include a photo copy of the jewelry item.
There are two types of jewelry appraisals: insurance and fair market. An insurance appraisal reflects the replacement value of the item. A fair market appraisal reflects the value of the jewelry item if sold or transferred within the second-hand market, such as an estate auction. It is important to have a legal appraisal document when insuring, selling, or settling estate matters.
We are always happy to discuss any questions you may have regarding obtaining an appraisal. There is no need to make an appointment to drop of your items for an appraisal. With any questions please feel free to call us at (812)-339-2231.