Few Highlights On Potentials Of A Jewelry Appraiser

Posted by Naman Modi on December 16th, 2020

Congratulations if you have acquired an heirloom or valuable jewelry like gold and diamond. But you know what, it's essential to have it appraised by a jewelry appraisal. Where can you get one? If you bought it from one of the renowned jewelry brands, you can go back there and enquire about this service if it was not communicated to you during your purchase. However, those who got a piece of precious gemstone in a jewel can research for a certified appraiser from a recognized organization such as the American Society of Appraisers (ASA) or Gemological Institute of America (GIA).

A jewelry appraisal is a document issued by a jewelry appraiser, describing your piece and its actual value to get insured.

Why you should use a certified jewelry appraiser

If you want to have an accurate jewelry appraisal, you will need to see an appraiser who has studied and knows gemstones. Certified jewelry appraisers are gemologists, which means they are fully qualified to access and value your piece of jewelry.

Gemological Institute of America (GIA) is one of the most recognized globally available programs that provide gemologists education. And it teaches them how to:

• Use gemological equipment such as a microscope that can detect hidden flaws of a stone, a polariscope, and a refractometer
• Understand the value path which gems take, from mining to the market
• Identify a variety of common gemstones and unusual types
• Quickly detect synthetics and treated gems
• Able to consistently grade diamond and in the color range of D-to-Z 
• Speak and understand the language of precious stones confidently and fluently

Why should you have your jewelry Appraised?

Usually, there are two reasons why you should get your valuable jewelry appraised:

Replacement value: The best time to get your jewelry appraised is immediately after purchasing them. Losing a valuable get worth over 00 can be devastating, but it can be a relief if you have insurance. That may also help you to know if the price you bought was the right value.

Another top reason is for insurance purposes. Your insurance company will ask for a jewelry appraisal for your jewelry piece that you want to get insured.

Fair market value: There are many reasons why you may need to sell and liquidate your jewelry. It could be for divorce settlement, tax liability, or collateral. When you resale your piece, you will love to have a better deal, and your jewelry appraiser will help you check and find the appropriate market value.

Ask for a price breakdown.

Independent jewelry appraisers do not have a standard charge, which means they can ask for any amount of your jewelry appraisal. However, there are factors they consider, which you should ask them to outline for you.

Expertise: An appraiser with vast knowledge will charge a higher price than those with less.

Size of stone: The size of your gemstone will determine the cost of your appraisal.

Hourly charge: Most appraisers use an hourly rate for appraising the jewels. The more intricate your piece is, the more time it's likely to take.

Flat fee: Any experienced appraiser can quickly tell your gem's value and may give a fair flat rate.

A percentage value of your jewelry: If you find an appraiser using a percentage to charge for an appraisal, you should run and find someone else. It is an unethical way of working, and those using it are not professionals.   

In Conclusion, to protect your valuables, you will need a jewelry appraisal document issued by a certified and experienced jeweler appraisal. That will ensure that you are getting an accurate value for your precious investment.