Part of Being a Great Jeweler Is Helping You Protect Your Investment
Elegant Jewelers is hosting an Insurance Appraisal Day for watches, jewelry, gems, precious metals (gold & silver) by a certified GIA appraiser.
Call 281-980-5599 or email email@example.com to book your appraisal appointment.
Thursday, April 24th
10 am – 6 pm
3376 Hwy 6, Sugar Land, Texas 77478
Appraisal price dependent on number and type of pieces appraised.
Why You May Need a Jewelry Appraisal
An appraisal will determine the value of your jewelry. There can be many reason you need appraisal jewelry. It is imperative that you understand the value of the jewelry you own or are planning to own. You must contact an experienced appraiser and ensure they are registered.
Why Do You Need Appraisal Jewelry?
People want to make sure the jewelry they are purchasing is actually worth something. The same can be said for when someone is selling jewelry. If they did not purchase it themselves, as most precious jewelry items are handed down in families, they will not know the actual worth of the item until they get it appraised.
Another reason you may need appraisal jewelry is if you need to know the worth of your jewelry for insurance or tax purposes. If this is the case, getting a legitimate appraisal is important. You want to make sure the document you are given by the appraiser contains the exact information your insurer requires. If you are getting a divorce, assessing the value of the jewelry is important to ensure that both parties get an equal share.
Important Information in a Jewelry Appraisal
When you receive your jewelry appraisal, there are certain pieces of information that must be included in the document.
There must be a picture of the jewelry in question. This has to be in color and must be a clear photograph showing the actual size of the item. A detailed description of the item must be included. Details such as the weight and grade of the metal, and color of the stones, if any should be included.
Most importantly, there must be a value listed for the jewelry item. This can be the cash value (the value of the item at current market rate), replacement value (what the insurer will pay you in case of loss or theft) or the agreed value (a value agreed to by you and the insurer in case of loss or theft).
Getting to Know Your Jewelry Better: Diamond Appraisals in Pasadena
Is it worth anything? This is a phrase often heard by jewelry appraisers; however, the answer is never as simple as all that. Appraisals, particularly diamond appraisals, can help you determine what your jewelry is worth in a number of different contexts.
Various factors contribute to how much money you might get for your piece. The first thing to look at is why you need your diamond appraised. If you have recently received an inheritance and you plan on selling or splitting the value with your siblings, then the value will be very different from if you are planning to sell it on Amazon. Therefore, you have to keep in mind that the value of your jewelry depends on what you plan to do with it.
Jewelry, especially diamonds, is the type of asset that increases in value with time. If you take it in for appraisal and plan on selling it within a week, then the value will be a lot lower than if you give your appraiser a six-month period. The market value of an item that needs to be sold in a hurry is known as ‘forced liquidation’ and the time frame limits your options. With a longer period, the appraiser can scour the market, promoting your piece and then finally selling it to the highest bidder.
Since jewelry is an expensive investment, no one wants to pay that amount of money without some proper proof of the piece’s value. Getting your diamond approved by a reputable laboratory will increase its market value tremendously. It will also give future buyers peace of mind knowing that their money is not going to waste. Therefore, get your diamonds certified by any of the closest Pasadena institutions that deal with this. There should be an extensive list online.
Another factor, which will increase your chances of a better deal, is provenance: does your piece have any history attached to it? If yes, then do you have any documentation to prove it? People love to buy jewelry that was previously owned by someone famous because it gives it certain uniqueness.