Jewelry Appraisal: Frequently Asked Questions

When you have beautiful jewelry pieces such as a diamond engagement ring, emerald bracelet or sapphire neckpiece, you must get jewelry appraisal online. An appraisal will ensure that you are not under-insured. Insurance companies require a certified jewelry appraisal document to know the accurate market value of your jewelry.

Before you get a jewelry appraisal online, read the frequently asked questions:

What is a jewelry appraisal?

Jewelry appraisal is an assessment of your item done by a certified appraiser to determine its true value. The professional appraiser will evaluate your jewelry on the basis of a few factors like its condition, quality of materials, market demand and craftsmanship.

Why jewelry appraisal is required?

A fair jewelry appraisal is required for various purposes like jewelry appraisal for insurance, estate management and re-selling your jewelry. You need to know the accurate market value of your items so that you are not under-insured or scammed when reselling your valuable pieces.

Are there jewelry appraisal services available?

Yes, jewelry appraisal services are available. You can get your jewelry appraised online through Prestige Valuations. They have experienced and skilled appraisers who can appraise your pieces based on various factors. They have expertise in appraising any type of jewelry, be it contemporary, vintage or antique. They also offer luxury handbag, art and watch appraisal services.

How to choose a jewelry appraiser?

You can choose a jewelry appraiser by checking their reputation and reading reviews online. You need to make sure, the appraisal company you select should be certified by organizations such as the Gemological Institute of America (GIA) or the American Gem Society (AGS). Their appraisal process must be transparent and they must provide fair valuations without any bias.

Will I receive a document after getting my jewelry appraised?

Yes, after you get your jewelry appraised, you will receive a certified document. This document provides detailed information about your jewelry, including measurements, precious metals, weight, quality, diamonds and gemstones, condition and estimated value. It will also have pictures of your jewelry.

When you need a jewelry appraisal for insurance, this document will be required by your insurance company.

Can I get jewelry appraisal online?

Yes, whether you are looking for jewelry or watch appraisal services, you can find them online. Prestige Valuations provide online appraisals for your convenience. You can get it done in a few easy steps from the comfort of your home.

What factors can impact the value of a jewelry piece?

Several factors can impact the value of your coveted piece. These include the metals and gemstones used, their quality, weight, size, brand name or jewelry designer, craftsmanship, its demand in the market and market trends.

Can I get the appraisal done by the jewelry store from where I bought it?

It is recommended to get a professional appraisal by a certified appraisal services provider to ensure unbiased and fair appraisal. Independent appraisal by an expert appraiser will let you know the true value of your coveted pieces.

How often should I get my jewelry items appraised?

Experts recommend that one should get their jewelry appraised every 2-3 years. This is to keep your insurance coverage updated. Also, it is important to get your jewelry appraised when fluctuations occur in the market. This way you will know the accurate market value of your jewelry and you will save yourself from being under-insured.

What are the different types of appraisals?

Several types of appraisals are available for different purposes, such as insurance and resale. Some of them are mentioned below:
*Insurance Appraisal (also known as Retail Replacement Value Appraisals)
*Fair Market Value Appraisal/Financial Planning
*Estate Appraisal
*Charitable Donation Appraisal

Will jewelry appraisal be useful when reselling my valuable pieces?

Yes, jewelry appraisal will be very useful when reselling your valuable pieces. You can get an idea about the accurate worth of your pieces in the market. Your asking price can depend on this value. It will be useful in maintaining transparency and the buyer will trust you.

It will come in handy if you want to sell your jewelry items at an auction as the appraisal document will have all details about your jewelry. For example, the quality of diamonds will be mentioned in the report. All 4Cs will be mentioned, such as color, cut, carat and clarity. Precious metal details such as the type of metal and its weight will also be mentioned in the appraisal report. All these details along with the estimated market value for resale will be very useful for you.