Why Appraise Your Jewelry?
Should You Appraise Your Jewelry?
A reliable and desirable investment, buying the right fine jewelry can be almost as valuable as a home or vehicle. As you would when purchasing a new property or a car, it’s important to record the value of each jewelry piece with proper documentation. To ensure your jewelry is properly insured, most insurance companies require a written appraisal from a certified gemologist every 3-5 years. Having your jewelry appraised will make sure the item is properly described and valued in order to receive an adequate insurance replacement in the event of damage, loss, or theft and can assist when buying or selling an item.
How the Appraisal Process Works
While a pivotal task when owning a piece of expensive jewelry, the appraisal process is surprisingly easy. Bring your treasured jewelry to your local jewelry store, like Albert’s Diamond Jewelers and they will likely offer an expert appraisal service. The first step to expect is the jeweler will thoroughly clean and inspect the item and evaluate its condition. Next, they will identify your piece and grade its quality to provide an accurate description. Lastly, they will take digital photos and offer a value for each component. Once the overall value has been determined, the appraiser will format, print, and email your appraisal document for future appraisal updates.
Benefits of Jewelry Appraisals
While insurance companies will often require a jewelry appraisal on any piece you are looking to insure, knowing the value of your most prized jewelry pieces like your engagement ring or favorite necklace is another benefit of appraising jewelry. The worth of each jewelry piece will be an important factor to be aware of throughout its lifetime, and in most cases, an appraisal only costs around $75-$125. Imagine losing a favored piece of jewelry and not having the proper documentation, this will result in being told there isn’t enough information to replace the item. Another thing to consider, once you’re ready to part ways with a treasured piece, you’ll be able to sell your jewelry for a reasonable price instead of running the risk of being lowballed.
Why Appraise Your Jewelry at Albert's Diamond Jewelers?
Located in Schererville, Indiana, Albert’s Diamond Jewelers is one of the largest, most successful family-owned jewelers in the country. With over a century of experience in the jewelry business, we are equipped to handle every jewelry need. Our skilled gemologists have the necessary experience and qualifications to provide you with a jewelry appraisal for any piece in your collection, including free appraisals for jewelry bought in-store. From Chicago to Munster, and Highland, Albert’s offers the Northwest Indiana region a complete range of services. To learn more about getting your jewelry appraised at Albert’s Diamond Jewelers, please call (219) 322-2700 or request a jewelry appraisal appointment today.