The time required for the appraisal of your item depends on the schedule of the appraiser and of course on the complexity of the item itself.  Expect it to typically take anywhere from a few days to about a week. Sometimes we offer same-day appraisals, at an extra fee. All appraisals are strictly done by appointment only.

Don’t assume that an appraisal is a one-time occurrence. As gemstones and precious metals values fluctuate, the appraisal of your item represents the value of the item at the time of examination. To have the most accurate value, it’s important to get it appraised about every one to three years.

Jewelry appraisal is a method that determines the value of personal ornaments such as rings, earrings, necklaces, bracelets and others. Whether you’re planning to sell your jewelry or just want to use it as a guarantee for a loan, one of the steps you need to go through is appraisal.

Getting a jewelry appraisal serves multiple purposes, each of which speaks to how you deal with your jewelry moving forward. Many people feel that having their jewelry appraised offers security for the future. While an appraisal cannot offer security in and of itself, it can help you secure your purchase by giving you a baseline estimate regarding the item. 

An appraisal is a common first step in having that piece of jewelry professionally insured, which offers a different type of security. 

An appraisal creates financial stability and emotional security both as a necessary component for ensuring the item and as a method of creating a baseline diamond resale value for future sales

The first thing you need to do is get in touch with the professional who will appraise your jewelry. As mentioned before we appraise jewelry by appointment only.

It’s important to provide as much information as possible about the piece that you want to be evaluated. Mention the type of jewelry, what metal it is made of, and when you acquired it. You can also send pictures to give the appraiser a better idea about your jewelry.

If you have any documents related to your jewelry, please bring them with you on your visit.

Aside from details about the piece, state the reason why you’re having the jewelry appraised. Typically, assessment methods are dependent on the purpose for which the evaluation will be used. If the jewelry is being evaluated for insurance purposes, the appraisal will most likely indicate a possible retail price, generally taking in consideration the local market where the appraisal is being performed. Ιf it’s being inspected because you want to sell it or use it as collateral, the appraisal will be based on the current jewelry market and sales performance of similar pieces.

An appraisal is a good way to establish the jewelry value, but it is not necessarily a reflection of the true value of the item. Think of an appraisal as the maximum price that someone would pay for your piece of jewelry. Essentially an appraisal is a reflection of the highest price, wherein the right market and economic circumstances, you could sell this piece of jewelry for the maximum.

In jewelry, there are two great factors that determine the retail price of a certain item. The first is the manufacturing cost. In other words, what did it cost to create this piece of jewelry? There will almost always be a markup on jewelry that might exceed the actual cost of materials and the cost of labor. After all, making and selling jewelry is a business, and the artisans who create such fine jewelry pieces must be compensated for their work.

Independent resale price is largely due to personal circumstance, the current economic value of the commodity in question, and the market value of the item at the moment and location. This is why an item can be sold so much higher or lower than its appraised value. When it comes to the resale of jewelry, the resale value is often slightly lower than the original retail value due to various contributing market factors.