Who does jewelry appraisals?

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Yasmine Mills asked a question: Who does jewelry appraisals?
Asked By: Yasmine Mills
Date created: Tue, Jul 6, 2021 4:23 PM
Date updated: Tue, Aug 2, 2022 9:44 AM

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Top best answers to the question «Who does jewelry appraisals»

  • Jewelry appraisers are usually people who have undergone training in gemology and valuation. Your insurance company may require that your items be appraised by an independent professional appraiser.

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In an appraisal, a certified gemologist or appraisal expert will inspect your jewelry, diamonds and gemstones. Bring documentation such as sales slips, diamond or gemstone grading reports and warranties if you have them. The appraisal will take into account: Current competitive retail prices

A jewelry appraisal is the process in which a certified professional examines and states a monetary value for a piece of jewelry or collection, typically resulting in a document that outlines the object’s attributes and assigned value.

While jewelry appraisal is the process of assigning monetary value to a piece of jewelry for a specific purpose, diamond jewelry grading is the thorough evaluation of the jewel’s stone and its attributes: carat, cut, color and clarity. Gradings are carried out in renowned gemological laboratories like GIA and IGI by certified professionals.

Jewelry appraisers are usually people who have undergone training in gemology and valuation. Your insurance company may require that your items be appraised by an independent professional appraiser. When looking for someone to appraise your jewelry, you should check what formal training they have and whether they have been certified by a recognized authority such as the American Society of Appraisers .

The answer: Both the insurance company and the jewelry store.Insurance companies charge high insurance premiums on items that have a much lower replacement value, while simultaneously, the jewelry store uses these inflated insurance appraisals as a sale’s tactic-- one assumes they are getting a fantastic deal on the diamond. Additionally, most retail jewelry has a substantial mark-up as opposed to the wholesale value of the diamond.

Coverage for jewelry pieces can be added to most homeowner’s policies, but insurance companies usually require a complete jewelry appraisal by an independent jeweler. These types of appraisals are fairly common and some retail jewelers may be capable of writing a formal appraisal for insurance replacement purposes.

A jewelry appraisal is a statement of value that spells out the worth of your item. The person doing the appraisal — the appraiser — does a thorough inspection of your jewelry to determine the value.

A jewelry appraiser can appraise your pieces and determine its value. However, make sure the appraiser you hire has the proper training, experience and education. One way to help ensure this is to ask about their credentials and certifications.

Robbins Brothers - The Engagement Ring Store. 188 reviews. Jewelry, Jewelry Repair. 2200 1st Ave, Seattle, WA. Closed.

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