How much is my jewelry worth? I’m asked this at every show. As a gemologist I can identify the gemstones in your jewelry, but to answer the question of value, the right person to ask is an appraiser. I’ve asked my colleague, Jeanne Hawk, a GIA Graduate Gemologist, Registered MasterValuer and Certified Insurance Appraiser, to be a guest blogger this month:
Establishing and substantiating the value of an item are what appraising is all about. An appraisal is an opinion of value, a well-researched conclusion that is supported by facts which are interpreted from the marketplace. Most jewelry appraisals are done for obtaining insurance coverage. An insurance appraisal is used to determine the retail replacement value of a jewelry item. Other appraisal types include those done to determine fair market value for estate items and items sold for scrap value.
Many of my clients have jewelry of unknown identification or value. I do consultations to identify the gemstones and/or diamonds and metal karatage to determine what you have and whether you should keep it, insure, or scrap it, as is often the case with outdated gold chains. I’ll let you know the market value if you plan to sell it. And if it’s something you want to insure, I can prepare an appraisal for you.
There are six steps involved in the appraisal process as follows: 1) establish the scope of the appraisal, 2) plan the appraisal, 3) collect and analyze the data, 4) apply a valuation approach, 5) set limitations and contingency conditions, and 6) supply the final estimate of value.
At the present time anyone can call oneself a professional jewelry appraiser. However, self-anointing does not confer expertise. The key is education. A gemologist who has undergone formal gemological training, holds a degree or special education in valuation science, and has buying and selling experience either on a wholesale or retail level has the basic prerequisites of an appraiser. The valuation must be done by an individual with suitable qualifications who has no interest (no bias) in the item. Participation in professional appraising organizations is important, as well. It is critical that any jewelry appraisal be developed and written in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), authorized by Congress as the source of appraisal standards and appraiser qualifications.
I am a certified Gemological Institute of America (GIA) Graduate Gemologist (GG), qualified to accurately identify and grade the gemstones in your jewelry. As a Registered Master Valuer™ and Certified Insurance Appraiser™, I am trained in appraisal valuation techniques and can appropriately value and appraise your jewelry. All appraisal reports are prepared in accordance with USPAP.
At your appraisal appointment, I will clean, identify, measure, weigh, grade, and photograph your jewelry. Most appointments take 30 minutes; longer appointments may be needed for multiple items. You will leave with your jewelry. In 7-10 business days, once I have completed the valuation part of the appraisal, you will receive your appraisal via email. Payment for the appraisal, and any hard copies requested, is due at the time of your appointment. Would you like to learn more about how the value of jewelry is determined? Find out in my FREE report! Call this 24 hour toll free recorded message to request your report. 1-800-579-3932.
Jeanne Hawk Fine Jewelry Appraisals specializes in gem identification, diamond grading, jewelry appraisals, market value estimations, general consultation, and quality assessments. To best meet my clients’ needs, services are provided by appointment only. I can be reached at 831-359-3449 or via email at firstname.lastname@example.org to schedule an appointment. The office is located at 5521 Scotts Valley Drive, Suite 235, Scotts Valley, CA 95066. The company website is http://www.hawkjewelryappraisals.com. Give me a call or visit my website today!
3 thoughts on “How Much is my Jewelry Worth?”
I’m thinking of having some of my jewelry appraised. What I know is good stuff. If you’re interested, I will have grandma’s ring appraised.
let me know.
Thank you for your comment! I don’t do appraisals. You can contact Jeanne (her information is in the blog post) for more information on getting your pieces appraised.
[…] SELL it: First, research the value of your items. For fine jewelry, consider getting an appraisal. You can look at prices for similar jewelry on websites like eBay, but keep in mind […]