Guide To Jewelry Appraisals

An appraisal refers to the process of examining and establishing the monetary value of a collection or a piece. A jewelry appraisal is done by certified professionals, who issue a document highlighting the item’s qualities and assigned value.

The type of appraisals depends on the purpose; this includes; insurance, resale, or tax. Nonetheless, any appraisal seeks to establish the market value of a piece of jewelry. A jewelry appraisal should be as accurate and objective as possible. The following are the common types of appraisals:

  • Insurance Appraisals
  • Fair Market Value Appraisals
  • Charitable Donation Appraisals
  • Estate Appraisals

Guide to Jewelry Appraisals for Insurance 

Specific to appraising jewelry for insurance purposes, a retail replacement value indicates the worth of a new item. The amount you might receive in case your piece of jewelry is damaged, lost, or stolen, depends on which of the following two policies they fall under:

  • Agreed Value Policies: This policy assures you full retail replacement value. Though more expensive, the policy ensures a transparent understanding between you and your insurer on the precise amount you will receive in case of theft or loss. Nonetheless, you and your insurer have to adjust the policy every two years to reflect the existing market value and need regular re-appraisal for exact re-valuation.
  • Actual Cash Value: Insurance companies define it as the actual value less depreciation and obsolescence. Though often cheaper compared to Agreed Value policies, the insurers base the premium on the risk, and thus if your insurance company has to settle in cash, it might pay a lesser figure than the amount on which it based your policy.

Jewelry Appraisal Cost

Jewelry appraisals fees vary based on the appraiser. Some valuers charge a fraction of the final value of the appraised item while other hourly rates. Hourly rates range between $50 and $150. However, if you wish to dispose of it through auction, an expert will offer valuation services for free, since the house will eventually charge a commission on sold items. Moreover, online jewelry appraisers offer valuations services for a nominal fee.

The Appraisal Process

An ideal way of starting the appraisal process is by sending images of your piece of jewelry to your valuer. These images should provide clear details of the item. Appraisers will like to see the item from various angles to identify any previous repairs or damage and to determine its age.

A valuer often evaluates a piece of jewelry based on factors such as karat, metal composition, measurement, weight, and whether the gem is natural. To help in the process, you can provide relevant documents such as certificates of authenticity and receipts, which can lead to a more accurate value.

A dependable jewelry appraisal consists of:

  • A process matching the eventual purpose of the appraisal
  • Explanation of the measurements and grading process used
  • Definite statement of value with signature or seal by a certified appraiser
  • Statement of the purpose of appraisal on the certificate

Where To Have Your Jewelry Appraised

Based in San Diego, California, Jewelry by Design offers clients custom designs and personalized touch for both genders. At Jewelry by Design, we offer various gems and diamonds with a lifetime guarantee on engagement rings. We use conflict-free stones and provide free jewelry appraisals. Call (619) 972-3866 today, or email us at for more information.

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