Jewelry appraisal is used to determine the true worth of precious jewelry pieces. Qualified appraisers use various factors to determine the accurate market value of jewelry. Jewelry appraisals are required for insurance, estate planning and selling purposes.
A certified and professional appraisal company like Prestige Valuations can be contacted. They offer jewelry appraisal services for insurance, reselling and estate planning. They also provide luxury handbags and online watch valuation.
Did You Know?
The US is the largest diamond market globally, although it produces almost no diamonds.
How Your Jewelry Is Appraised?
A professional, certified and knowledgeable appraiser can determine the fair market value of your jewelry piece without getting biased. An experienced appraiser will follow some of the key factors to determine the true value of your item. They will measure the size and weight of your diamonds and gemstones.
They will check the 4Cs – color, cut, clarity and carat. They will also check the precious metals used and their purity and weight. The condition of the piece will also be taken into account at the time of jewelry appraisal. The history, style and era of your jewelry pieces too will be researched by them. Whether your item is antique, vintage or contemporary, the appraiser will value it accordingly.
Craftsmanship, brand, demand in the market and jewelry trends are also important factors. Market fluctuations impact the value of jewelry so it is crucial to know the market trends.
Why You Need To Get Your Diamond Jewelry Appraised?
For Insurance Purposes: Insurance companies require the latest appraisal document. This document comes in handy to determine the amount you will receive at the time of claim. It will also help to ascertain the premium you will have to pay.
For Re-selling: If you want to re-sell your jewelry items because of any financial crisis, the appraisal value will be useful. The appraisal will give you an idea about the asking price for your pieces on the secondary market.
Know more about the benefits of jewelry valuation and how appraisal services can help you in the infographic below.
