Jewelry Appraisal Guide


Whether it is an engagement ring, a diamond necklace, or antique jewelry that is given to you, you should always ensure any jewelry that is important to you, in case it ever gets lost, stolen, or damaged. It will allow you to collect the money you will need to repair or replace it later if something happens to it.

Along with the emotional value, jewelry has a monetary value as well. But you may have inherited jewelry or received them as gifts, so you do not know exactly what their current value is. If you want to ensure your jewelry, you need to know what they are worth and not just to you. A jewelry appraisal takes places at that point.

What Is a Jewelry Appraisal?


A jewelry appraisal is a document that describes an item, assesses its relative quality and assigns a value to it. When looking to sell your jewelry, most people tend to include an appraisal in the process. It is the process in which examines and states value as moneywise for a piece of jewelry.

Descriptions usually cover the visible, measurable and analyzable facts about the item, such as its weight, materials, and markings. Most jewelry appraisals also describe subjective features such as gemstone quality, relative rarity and overall quality of manufacture.



Appraisals also describe features such as gemstone quality, age or rarity of the piece and the overall quality of manufacture and construction. They are done for many reasons ranging from a need to determine the fair market value of an item, to estate planning or most common, a replacement value determined for insurance purposes.

A jewelry appraisal is a written professional opinion of the authenticity, quality, design and approximate value of a piece of jewelry, for purposes including retail replacement, probate or estate. Since it is an informed and professional opinion, there can be variations between appraisals. When you get an appraisal, it means that you will receive details and all pertinent information about your jewelry.

The appraisal should describe the jewelry item stating an estimated diamond weight, an approximate color, and clarity of the weight and type of metal the jewelry is made from and any other gemstones details.

Jewelry appraisals should be updated periodically in order to make sure insurance coverage is adequate to reflect changes in value due to market considerations. If you are in need of jewelry appraisal, know about the entire process will ensure that you get the best value of your jewelry. Knowing the right questions to ask and the expected qualifications of an appraiser will give you the assurance that you are choosing the best appraiser.

A certified gemologist or appraisal jewelry expert will inspect your jewelry, diamonds, and gemstones in a jewelry appraisal. You should bring documentation such as sales slips, diamond or gemstone grading reports and warranties if you have them. At the end of the appraisal process, you will receive a detailed report, with pictures and diagrams, and a statement of what your jewelry is worth.



The appraisal should state whether the jewelry is a natural gem or synthetic and the estimated value of the item. Preferably, a photograph of the item should be included. The appraisal will take into account:

  • Current competitive retail prices
  • Brand names, serial numbers, identifying manufacturer’s marks on diamonds
  • The karatage for gold
  • The metal of prongs and mountings
  • For diamonds and gemstones, the appraiser will evaluate the cut, color, clarity, and carat weight

Appraisals should not be confused with certificates. Appraisals list value on the entire item, where certificates are meant to certify a particular diamond or gemstone and almost never puts a value on them. Even if some certificate companies do put a value on the item, it is still not the same thing with appraisals.

Appraisals are extremely necessary. They help identify your jewelry and may even keep you from getting ripped off. It is advised you to get your jewelry and appraisals updated every 7 years or so. Inflation goes up and jewelry values should too. You should also keep in mind that when the appraisal value goes up, so does your insurance. But in the end, it is worth it. Especially if you ever need to use it.



Jewelry appraisals are worth the time, money and hassle. And of course, they are also worth their weight in gold.

Types of Jewelry Appraisals


There are different types of jewelry appraisals suit different purposes that can be done for your valuable pieces of jewelry. Knowing which appraisal method you need is essential. There are a few appraisals for tax purposes, some for insurance purposes, and others for reselling purposes. Within a jewelry appraisal, both the precious metals and gems are considered.

There are many reasons why someone might need a jewelry appraisal. These include insurance documents, point of sale documents, donation appraisals, and estate appraisals. These all serve different functions, so be sure to request the proper documentation for the specific job.

Every appraisal is for a specific purpose. If you want an insurance appraisal, you need to ensure your jewelry for enough money to buy a replacement from the type of store you typically shop in. If you need an estate appraisal, there are government regulations that specify the definition of value that must be used. There are many types of appraisals and the purpose determines the definition of value.

Whatever the reason you have, it is a good idea to start the process of jewelry appraisal with your eyes wide open and your head full of knowledge about the advantages and disadvantages of getting a jewelry appraisal, as well the different types of appraisals available.



A qualified jewelry appraiser will ask you why you wish to have your jewelry appraised. Depending on your answer they will determine the purpose and function of the report. A jewelry appraisal format varies for the purpose of insurance, estate, probate, liquidation, bankruptcy, divorce, and resale.

Jewelry Appraisals for Insurance (Replacement Value Appraisal)


In today’s world, the majority of appraisals are done for insurance replacement purposes. Also, it can be called as a retail replacement. The appraisal will be written with insurance replacement as the guiding factor for insuring an item and the cost of replacing that item if it is lost or stolen, with a similar item, from a jewelry store that regularly sells that type of item being appraised and insured.

An insurance appraisal is done so the client can obtain specific scheduled insurance on an item. This policy protects for most perils and it allows for the item to be replaced with a similar item of jewelry. Another type of coverage is the agreed value policy where the settlement is for cash and not for replacement of the jewelry. Generally, these policies would carry a higher premium. All insurance matters should be discussed with your agent in order to determine what coverage will best serve your particular needs.



The retail replacement value will be inflated and a much higher number than the resale value of your jewelry. First and foremost, this is due to the fact that the appraisal is an estimate of how much it will cost you to purchase a new replacement for your jewelry, as opposed to selling used jewelry. It’s also due to a number of factors, such as insurance premiums, market fluctuation, and the fact that the appraisals need to be valid for 10 years, during which the cost of replacing jewelry will increase.

Tt is important to note that the retail replacement value which is for insurance purposes will be inflated and a much higher number than the fair market value or resale value of your jewelry. This is due to a number of factors such as insurance premiums and market fluctuation. As well, the resale value will be even lower than the fair market value. And this number is, of course, impossible to guarantee, as you only sell your jewelry if you find a buyer for it.

The point of insurance is to return the value of the item. Therefore, insurance appraisals should reflect the realistic cost of replacing an item in a jewelry store that regularly sells the type of item being appraised. Most experienced retail jewelers with basic formal appraisal training are qualified to write insurance replacement appraisals on the new merchandise they sell in their stores. They may also be qualified in order to write insurance appraisals on new jewelry they do not sell if the jewelry is similar to the products in their store.

On the other hand, appraisals which are done on other types of jewelry or for other purposes require more advanced appraisal training.



Insurance companies need jewelry appraisals so they can ensure the items. Each item insured will need its own separate appraisal. These appraisals will be used for replacing your jewelry in the event that it is ever stolen, lost or damaged. Insurance companies normally will not replace your jewelry without an appraisal.

Jewelry Appraisals for Selling (Fair Market Value Appraisal)


It gives you an estimate of what you would receive if you sold your jewelry. It takes into account the condition of the jewelry, and it is meant to give the seller a feel for how much they could get from a willing buyer. Appraisals help confirm that the merchandise is valued at what it should be and that the items are what they are supposed to be. This amount will be lower than a replacement value appraisal.

It is done with a mindset of the actual value of an item if it were to be sold between a willing buyer and seller, in a common market that represents the value of the items in its current, used condition. In another saying, it reflects an actual selling price between a willing buyer and seller, when neither is compelled by time or need to buy or sell in the item’s most common market.

Fair market value must represent the item’s value in its current condition, which means in its used condition. It is generally required for charitable donations and estate appraisals. Fair market values may run lower than retail replacement values, because of the fact that replacement values often reflect the cost to replace a used item with a new equivalent.



An example of it would be a valuation for charitable donations or estate appraisals, as mentioned above. Fair market values often run lower on value estimates than retail replacement values because retail replacement values often reflect the cost to replace the item with a new equivalent rather than a used equivalent.

Liquidation Value Appraisals


If you need to quickly liquidate your jewelry, whether due to a divorce or estate liquidation, you can get a liquidation appraisal. These appraisals are usually significantly lower, reflecting the immediate need to sell.

These kinds of appraisals usually reflect low values due to their situations that create their need, such as an immediate need to sell due to divorce, estate liquidations, probate or loan collateral appraisals, and so on. Divorce settlements and some types of estate liquidations may require this type of appraisal, depending upon the jurisdiction where the scenario takes place.

Values can be estimated at wholesale or below wholesale levels. Less common types of appraisals include probate and loan collateral appraisals.
When someone passes away, their estate gets divided up and distributed to the appropriate individuals. Executors of the estate will bring the valuables and collections in so that an amount can be placed on the items and the estate can be worked out. This process can take days or even weeks to accomplish. Estate appraisals are not easy, cheap or quick.



How to Find a Good Jewelry Appraiser


Everyone assumes that a gemologist and a jewelry appraiser do the same job. Nevertheless, there is a huge difference between them. A gemologist has the skill to properly identify gem material, quality grade and evaluate jewelry before a value is set. On the other hand, a jewelry appraiser uses principles and methods to calculate the value based on gemological grading, quality of materials and the appropriate market. To become an appraiser involves years of additional education, experience, and ongoing research.

Jewelry appraisers are skilled people in the field of gemology, which is the detailed study of valuable gems and metals such as gold, platinum, and silver. They are able to identify the authenticity and value of jewelry pieces by making skilled observations and performing unobtrusive examinations. This helps in determining the market value. Jewelry appraisers examine jewelry to determine their value and authenticity. This job requires detailed knowledge of the subjects and an understanding of current market values and trends.



Appraisal Credentials: It is a must because of the fact that a professional jewelry appraiser should be certified or titled by a respected national appraisal organization. Different types of jewelry appraisals require varying levels of training.

Gemological Credentials: Is the appraiser a graduate gemologist? This is a minimum credential in order to look for in a jewelry appraiser. Do they have any specialties? Have they kept up their credentials with continuing education? It is crucial to ask for credentials with no federal or state requirements for appraisers. A graduate gemologist diploma from the GIA or its equivalent should be considered minimum gemological training.

Knowledge of Jewelry Manufacturer: A qualified jewelry appraiser must understand manufacturing techniques and must recognize their contributions to the value of an item.

Continuing Education: Continuing education certificates and credentials help ensure that the jewelry appraiser is knowledgeable about the latest gemological and appraisal issues.

Jewelry and Appraisal Experience: A broad range of jewelry experience over many years often leads to a more knowledgeable jewelry appraiser. Likewise, solid experience in the appraisal industry is equally important.



High Ethical Standards and Awareness of Legal Obligations: Jewelry appraisers should adhere to the highest levels of professional behavior. Consider the appraiser’s professional affiliations, as well as the appraiser’s reputation within the industry.

Even though everyone thinks that jewelry appraisers determine the value of jewelry, markets set the value of the jewelry. Appraisers only estimate value. It is the appraiser’s responsibility to determine the appropriate market and study comparable goods.

Understanding what you can expect to pay for a jewelry appraisal and what affects the price can help you find an appraiser you can trust. Most professional jewelry appraisers value this trust very highly and strive to give you an accurate, detailed report on the value and history of your jewelry.

Certified Appraisal Professional


It has been established a set of requirements and a series of practical and theoretical examinations that test the appraising skills of jewelers and gemologists. Certified appraisal professionals have proven their expertise to their peers, with formal gemological qualifications and necessary experience within the industry. Upon successful completion of all criteria, these jewelers and gemologists are considered qualified and they are empowered to emboss their appraisals with the following seal, signifying their title as a certified appraisal professional. They are required to maintain good standing as a member and use only the current year’s seal.



Jewelry Appraisal Process


  • Cleaning the jewelry, point out needed repairs and test the metal for content and karatage
  • Testing gemstones authenticity, measuring their size, estimating their weights, and grading and plotting the stones as appropriate
  • Photographing the jewelry
  • Preparing the appraisal document as appropriate to its purpose and intended use

There are two factors that affect how long the jewelry process takes which are who and how much. One piece of jewelry takes much less time in order to appraise than if you have multiple pieces. You should expect it to take anywhere from a few days to about a week. It depends on how many items need to be appraised.

Jewelry Appraisal Cost


Everyone thinks that a professional jewelry appraiser will demand a higher fee for their work. However, if you think of what you are willing to pay for beauty treatments a proper appraisal fee does not seem so bad. An appraisal is a legal signed document that requires equipment, education, experience, and expertise. If you received a complimentary document from your jeweler it is advised to have that verified by an independent appraiser.



In order to get an accurate idea of the value of your jewelry, you will need to have a professional appraisal. The cost will depend on the number of pieces you are having appraised, the complexity of the appraisal, and the experience level of the professional performing it.

Jewelry appraisal fees vary according to the service being rendered and the intended use of the appraisal. A qualified jewelry appraiser will provide you with an estimate of the fees, based on your needs and the intended purpose of your appraisal, prior to commencing the appraisal.

A competent professional appraiser will charge for services by the hour or a flat fee per piece. Fees should never be based on a percentage of the value. Any fee that is based on a percentage is considered unethical because incentive exists to inflate the value to collect a higher fee.

Jewelry appraisal cost depends on the complexity of the piece. There is laboratory work involved to inspect and gather facts about the piece, as well as market research to compare like pieces and the actual writing of the appraisal.

The cost of getting your jewelry appraised will vary greatly depending on who does it, how intricate your pieces are, how many pieces you need to have appraised, and how fast you need them done.



The cost of your appraisal will depend on a number of factors. Understanding these steps can help you choose an appraiser that fits your budget. More items mean you should spend more money. Specialist and experienced jewelry appraisers can charge more. An appraiser with a specialty has experience and education in a certain topic and can charge more for his or her services.

You should expect to spend more on extensive research. If the jewelry appraiser needs to spend several hours tracking down the background of your item in order to assign value properly, you will probably pay more for the appraisal.

Savaş Ateş

I like reading books. I like to read about jewelry too. After reading a lot of books about it, I have started to visit jewelry manufacturers and stores. It is my number 1 hobby.

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