If you want to insure, write off, or sell your jewelry an appraisal is needed to confirm its value. To do that, you MUST use a certified appraisal professional. One who will examine and state what the jewelry is worth. The evaluation includes all gems as well as the metal settings.
Who should conduct the appraisal?
Never accept the appraisal of the seller of the jewelry except if it comes with certification by a professional, independent appraiser. Needless to say many sellers aren’t expert enough to give an accurate appraisal and may be using an older appraisal that is out of date. In addition, if the appraisal is old, market conditions may have changed, increasing or decreasing the value. So it may be a good idea to have it re-appraised.
What to look for in a jewelry appraisal?
- An appraisal process that matches the ultimate purpose of the appraisal
- A clear explanation of the grading process and measurements used
- A definitive statement of value with seal or signature by an authorized appraiser
- A statement of the appraisal purpose on the certificate
- An open discussion in which you can ask any questions of the appraiser
Difference between jewelry appraisal and jewelry grading?
Jewelry appraisal assigns a monetary value to a piece of jewelry for a specific purpose. Diamond jewelry grading is the thorough evaluation of the jewel’s stone and its attributes: carat, cut, color and clarity.
Jewelry grading should be conducted by well-known and respected gemological laboratories like GIA and IGI who are certified professionals. The market assigns value to diamond jewelry according to their grading, so if you know your stone’s 4 C’s, you can get an estimated market value. Ultimately, a diamond grading report is the most transparent, accurate and objective tool you need to determine how the market values your diamond jewelry in a specific moment in time.
Where can I get my jewelry appraisal and/or graded?
There are a few ways you can learn the real value of your jewelry. Perhaps your local jeweler is a qualified appraiser or they use one, that’s obviously a convenient choice. But make sure they make the correct appraisal type, such as for resale or insurance.
We recommend the first step in learning the value of your jewelry is to get a Grading Report by a reputable gemological lab such as GIA, IGI, or AGS. You can present the details of their evaluation. Jewelry that does not include gemstones, just metal such as gold or platinum, their value is determined is by weight and position in the current market.
If you live in the Los Angeles Area
If you live in the Los Angeles area, Regency Jewelry can have your jewelry appraised using an independent, experienced certified appraiser. Just call us at 323.655.2573 to set up an appointment to bring your jewelry into the store to meet our appraiser.