Jewelry Appraisal Services FAQ
| Question | Answer |
| What type of appraisal is needed for insurance purposes? | Insurance or Replacement Value: This estimates the cost to replace your jewelry with a similar item, brand new, at retail price. It is the most common appraisal type. The insurer requires this report as it will be used as a purchase order for the replacement, serving as evidence of the item’s details, condition, and value at the start of the policy. |
| What type of appraisal is best when dividing estate property, for tax purposes, charitable donations, or divorce? | Fair Market Value (FMV): This is the estimated price a willing buyer would pay to a willing seller in an open market, assuming both have knowledge of the item. It is often used for tax purposes, charitable donations, or dividing assets in estates or divorces. Estate Evaluations often use “Fair Market Value” but also help in the distribution of assets, which can be worth more or less than expected. |
| What type of appraisal should I get before selling my jewelry? | Resale Value: This appraisal considers the price you could realistically expect to receive if you sold your jewelry to a dealer, private buyer, or auction house. It is usually lower than replacement value because it considers factors like current market trends, the piece’s condition, and marketability. The difference between genuine qualified Appraisal Services and a pawnshop Bid is critical when selling. |
| What is an Estate Value appraisal? | Estate Value: This term can be confusing and doesn’t necessarily reflect a professional estate appraisal. It is an estimated price a secondhand dealer might offer or what an heir might receive during estate distribution. |
| What is the purpose of a Damage Consultation? | Damage Consultations provide expert opinion on what is and isn’t a problem, what can be repaired, and what is worth restoring (e.g., whether an antique diamond should be recut). This is a specialized skill set useful before involving an insurance agent or making repair decisions. |
| What is the purpose of a Pre-Custom Consultation? | Pre-Custom Consultations assess the quality of workmanship and the condition of materials, often used to protect jewelers when setting stones they didn’t supply. It also dovetails well with insurance documentation on the completed item. |
| What is the purpose of an Antique Appraisal? | Antique Appraisals are used to establish the real facts about older jewelry, as family lore may or may not be reliable. They distinguish between genuine period pieces (like 1920s Art Deco) and modern reproduction |
This guide examines the world of gem and jewelry appraisals, equipping you with the knowledge to navigate this process with confidence. We’ll explore:
The Purpose of Appraisals: Understanding the different reasons why you might need an appraisal.
Gemstone Identification and Valuation: Delving into the factors that determine a gem’s value.
Understanding Provenance: Exploring how a piece’s history can add value.
The Appraisal Process: What to expect from a professional appraisal.
Finding a Qualified Appraiser: Identifying reputable appraisers with the necessary expertise.
Types of Appraisals: Distinguishing between replacement value, fair market value, and others.
Beyond Diamonds: Appraising colored gemstones, pearls, and other materials.
Contact American Gem Registry for an appointment
Schedule an Appointment for your Appraisal
By Appointment Only.
5610 Ward Rd #300
Arvada, CO 80002
neil@gemlab.us
303-223-4944
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Offices Located in Arvada, Colorado
My office is located in Arvada, Colorado, a suburb of Denver, but I have many customers in the surrounding suburbs and even states! It’s worth the drive from as far as Cheyenne, WY, Colorado Springs, or even Pueblo for an independent appraisal.
I have top qualifications, I charge reasonable and transparent prices, and I do the work while you wait and while you watch if you like.