How To Get Jewelry Appraised

How to Get Jewelry Appraised

People have many reasons to get jewelry appraised. You may choose to get jewelry appraised for liquidation, or you might want to determine the value of your jewelry for homeowner’s insurance or estate tax valuation. You might also need to value your jewelry if you are getting a divorce or valuing your jewelry as collateral.
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Know What Information Should be Included in an Appraisal

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Look for a description of all characteristics of the piece. Characteristics should include weights, grades and measurements of components. The color grade of the gemstone should be determined by using comparison gemstones.
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Expect notes on gemstone treatment. If any atypical treatments were conducted on your gemstone or if your gemstone is untreated, this should be noted on the appraisal.
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Watch for a statement of whether the gemstone is natural or synthetic.
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Expect notes on the type of setting.
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Look for an appraisal of the jewelry’s value. The value depends on whether you want to insure your jewelry for its actual cash value, its replacement value or its agreed value.
Cash value is the value of your jewelry at today’s market rate, not at the purchase price.
Replacement value means the insurer will pay you a specific amount according to its current market value at the time of the loss.
Agreed value means that you and your insurer settle on a specific value that you will receive in the event of a loss.
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Expect the appraisal to include a photograph of the gem.
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Make sure that your jeweler uses the proper forms. If your appraisal is for an insurer, then your appraiser should use one of the following forms from the Jewelry Insurance Standards Organization:


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