Why And Where To Get Your Jewelry Appraised A Guide

What is fine jewelry appraisal?

A jewelry appraisal is an estimated market value of your jewelry. A fine jewelry appraisal is used to determine the money value of a specific item. Fine jewelry that is bought and sold by jewelers or individuals in a jewelry market are subject to the process of appraisal prior to sale. Appraisals should not be confused with certificates. Appraisals list a value on the entire item, where certificates are meant to certify a particular diamond or gemstone and almost never put a value on them.

 

Why get fine jewelry appraisals?

Haps and mishaps are part of our day-to-day life. You never know what might strike you or when. Occurrences such as house break-ins or losing jewelry while on vacation are all unfortunate but could happen, and you should be prepared for such incidents – at least financially. In these cases, fine jewelry appraisals are a key element for your loss recovery process and are important to have done beforehand.

There are many types of appraisals available, each serving a different purpose such as tax, insurance, or resale. All types of appraisals seek to verify the fair market value of an object, and as such, the fine jewelry appraisal needs to be as accurate as possible.

Main types of appraisals include:

  1. Insurance Appraisals
  2. Estate Appraisals
  3. Charitable Donation Appraisals
  4. Fair Market Value Appraisals

Where can you get fine jewelry appraisals?

Consulting with certified valuers is the most reliable and accurate way of obtaining an appraisal. Valuers should hold gemmological and diamond grading qualifications from a recognized body such as the Gemmological Association of Great Britain, The Gemological Institute of America, or the National Association of Goldsmiths to name a few.

To start your search, visit either the National Association of Jewellers: Institute of Registered Valuers, which is the UK’s leading association of jewelry valuers, or, for the United States, the Gemological Institute of America’s library of Appraiser Associations offers reliable resources for collectors. If you are in a different country, seek information from the national gems and jewelry association or organisation in your origin country. Nearly every country has one.

At Lao Pride Inc, we understand the value and preciousness of fine jewelry, which is why we pride ourselves in crafting impeccable pieces for our global customers. Contact us today to share your design idea with us, and we’ll turn it into a stunning piece of fine jewelry that your customers will love.

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