Why do I need a jewelry appraisal?
- Most insurance companies require a written appraisal by an independent appraiser (not the seller of the item) with a graduate gemologist degree in order to provide insurance coverage.
- Your item will be accurately described and valued for replacement in the event of loss, theft or damage.
- Identification and valuation of inherited items.
- When buying or selling an item.
- Estate planning or Probate needs.
Why do I need a fair market value appraisal?
- For re-sale of used item.
- Equitable division of jewelry in the dissolution of marriage.
- Equitable division of jewelry in the distribution of an estate.
- Trust and estate planning.
- Charitable contribution.
- To authenticate diamond or gemstone certificate.
How often does my Jewelry appraisal need to be updated?
- Most insurance companies require an appraisal update between 3-5 years.
What is the jewelry appraisal process?
- Items are thoroughly cleaned, inspected and evaluated.
- Items are identified, measured, quality graded and accurately described.
- Digital photos are taken and values are given to each component.
- Overall value is calculated for finished piece.
- Appraisal document is formatted, printed, emailed and saved for future appraisal updates.
How long does an appraisal take to complete?
- The average item takes 30 minutes to appraise.
- Some items are more complex and take further research and require more time.
- Some items are straight forward and will take less time.
- Multiple item appraisals typically take less time due to less set up time between each article.
Why should I have my diamond certified by GIA if I already have it appraised?
- GIA certified diamonds appraise at a higher value and sell at a higher value.
- GIA is the world’s most trusted gemological laboratory.
- GIA diamonds are easier to sell sight unseen.
How do I sell my diamond?
- Have your diamond GIA certified.
- Have a professional jewelry appraisal performed.
- Sell online or have your diamond sold by a diamond broker for a small percentage fee.