A jewelry appraisal is an official, professional valuation of your jewelry. When done by experts, it will be the most accurate possible estimate of your jewelry’s market value. During a jewelry appraisal, certified gemologists will use specialized tools to evaluate your jewelry. This process includes testing the metals for purity, taking your pieces’ weights and measurements, and using powerful microscopes to observe and grade any gemstones or diamonds in the piece.
Once our jewelry appraisers have evaluated your jewelry, we will consult the most recent available market prices for the precious metals in your piece. Based on that information, we’ll be able to tell you the best and most accurate price for your jewelry.
Jewelry appraisals are necessary if you want to insure your jewelry–which we highly recommend. In order to properly insure your jewelry, an insurance company will need to see an accurate appraisal of your pieces. We all hope, of course, that our jewelry is never lost, stolen, or damaged, but life is unpredictable. You insure your car and your house, so why not insure your other valuables, especially if they’re family heirlooms?
What’s more, if you do lose your jewelry, a custom jeweler can use the detailed information from your appraisal documents to recreate the piece. A professional appraisal includes photographs, measurements, and descriptions that can guide them as they replicate your jewelry.
If you plan to sell your jewelry in the future, it’s good to have a professional jewelry appraisal so you can ensure that you get a fair offer for your items. If you’d like to sell your jewelry to us, we encourage you to read more about our buying process–and rest assured, we’ll honor the true value of your pieces!
Even if you don’t intend to sell your jewelry, it’s a good idea to have a complete picture of your finances for estate planning, tax purposes, divorce, or any other situation where you need to know the value of your most important items.
We can’t estimate your jewelry’s value without an appraisal, because it really depends. Some factors that influence the value of your jewelry include its size, condition, complexity, and the materials used in the piece.. Keep in mind that market prices can change quite a bit over time. The price of gold is a good example of this. In 2000, an ounce of gold was worth around $480. Today, an ounce of gold is worth over $3,000!
So, it’s wise to have your jewelry appraised every few years to make sure your valuation is not out of date. If you had a gold ring appraised and insured 25 years ago when prices were much lower, you would be underinsured by thousands of dollars today.
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