Vendor Appraisal: Don’t Be Fooled by Free Estimates Many jewelry buyers are tempted by the offer of a “free appraisal” included with their purchase. While it might seem like a generous perk, is it truly a valuable asset, especially when it comes to insurance claims? Let’s delve into the world of vendor appraisals and uncover … Read more
It’s often said that jewelry is more ‘trust dependent’ than it is ‘price dependent.’ Everyone wants a good deal, of course, but it’s not all about money, no matter how much we like to think it is. Even more than the quest for a bargain, we want to avoid being cheated. As with many things, … Read more
One of the key reasons to get an independent appraisal on a new item is quality control. Sure, you’ve got a GIA report with a bunch of the relevant data, and you’ve got a good idea of the price since you’ve been shopping for months to find exactly the right item, and the seller will … Read more
“A diamond is forever.” Everyone has heard this slogan to advertise DeBeers’ diamonds, and it’s basically true. Al though you can break or lose them, diamonds are not particularly perishable. This has created a whole segment of customers who find that they have diamonds that they no longer need or want and who would just … Read more
Diamond Memo – If you’ve been shopping for a diamond using one of the big Internet databases, you may have noticed a curious phenomenon: It’s called “Diamond Memorandum.” Multiple dealers will have the same stone for sale, you know this because it’s got the exact same GIA report, but they’ll have minor differences. Cut grades. Minor … Read more
A “free” jewelry appraisal may sound great; but “free” is not free. Read this article to learn about what to ask of your potential Jewelry Appraiser.
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. What does “Like Kind and Quality” actually mean in a jewelry policy?” answer-0=”It means that if your jewelry is lost or stolen, the insurance company is committed to replacing the item with a piece of similar nature and value rather than simply giving you a cash payout. The insurer uses the specifications … Read more
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. Why do I need a professional appraisal to get jewelry insurance? I” answer-0=”Insurance companies require a detailed appraisal because it defines exactly what they are insuring. Without a professional description, the insurer wouldn’t have the necessary specifications to provide accurate coverage or replace the item correctly in the event of a loss.” … Read more
Any statement of value must contain the elements of what something is worth, to whom, when and under what circumstances. An unexplained number is at best useless, and quite possibly misleading. That’s just fundamental to the concept of value and nearly every discussion of value ends up with someone talking about ‘fair market value’ as … Read more
What is an American Gem Society Independent Certified Gemologist Appraiser?