What Everybody Ought to Know About Jewelry Appraisals

For most of you, the thought of getting a Valuation or Appraisal on your Jewelry is NOT at the top of your list.

But it should be.

To often, clients assume that their Jewelry is either …

  • # Not Valuable enough to bother
  • # Covered by their Household insurance
  • # Safe on their Finger, so it won't get lost

All of these assumptions are WRONG and we cover some suggestions in our Insurance article (address given below) and the security pages under the Learning Section of the Online Appraisal Center.

If you are concerned about these matters and haven't had the chance to read them yet, we suggest you take a little side trip and cover the bases, soon as possible …

… Before the ring falls off the finger or the chain gets lost while swimming or the Diamond (was it a Diamond?) …

Get the Picture ..?

That's exactly What a Jewelry Appraisal Valuation Certificate is for.

Types of Jewelry Appraisal Valuations

The main type of Valuation or Appraisal we come across is the Valuation for Insurance. This is the one you would normally receive from your local Jeweler or Gemologist.

It is basically designed to cover you (through your insurance policy) against any loss or damage you may encounter.

It is designed to provide you, wherever possible, as near a REPLACEMENT OF A SIMILAR ARTICLE as possible.

It will include any taxes or duty plus the Jewelry Trade mark up.

What Are The Other Types of Valuations?

Other forms of Valuations are …

  • # Valuation for 'Private' Sale
  • # Valuation for an 'Auction' reserve
  • # Valuation for Probate
  • # Valuation for Division of an Estate (under conditions of a Will, for example)

Each of these types are simply a percentage of the 'Master Valuation' figure or Replacement for Insurance mentioned here.

The Master Valuation Appraisal

While these are covered briefly regarding their structure and use, you should remember that ALL of these valuations are just by-products of the Valuation Appraisals for Insurance, both in principle and procedures.

Therefore, with a little common sense and a child's school calculator, we can arrive at a final figure for any of the above situations.

After all – they need the SAME information to begin with.

If you had an Online Form which helped complete a Jewelry Appraisal for yourself, there would be no easier or quicker way to help in the majority of these cases, and you wouldn't even need a child's school calculator to complete it, because it would all be built into the Computer System.

Nice thought – but is it a reality?

Thankfully – Yes it is.

Jewelry Valuations For The Rest Of Us

While our advice is – and always has been – to get your Jewelry valued or appraised by your local, professional gemologist Valuer, it remains our belief that in the 'majority of cases' and taking into account the costs involved (your professional Valuer charges a reasonable fee for their skill and the work …