Most of the time, buying a piece of jewelry is a good investment. Why? Because there are quite a few factors you need to consider before investing in one or a whole set. These factors include your personal style, design of the jewelry, size, type (you can choose gold, silver or embedded with diamonds), price range a lot more. Another important factor when it comes to the style is if it fits you properly. With those factors in mind, it will be easier to choose the perfect jewelry you can invest on.
But, what if you have a whole set of jewelry collection already? And you want to make sure that you get the best value for it in the long run? The answer would be to have a jewelry appraisal.
What is a jewelry appraisal?
By definition, a jewelry appraisal is a process in which a certified professional examines and states a dollar-value for a piece of jewelry.
How long do jewelry appraisals take?
For some, jewelry may look like a long and tedious process. However, it depends on the type of jewelry being appraised. If you have a piece of single and simple jewelry at hand, a jewelry appraiser can scan, do the tests and evaluate the item in less than 20-30 minutes.
The jewelry evaluation usually includes testing, grading, measuring and photographing the item. Even though the whole process can be done in a short span of time, receiving the appraisal documents and reports will take around 1 to 2 weeks.
Why is jewelry appraisal important?
The primary reason why jewelry appraisal important is due to insurance purposes.
As time goes by, the monetary value of your jewelry can fluctuate. Jewelry appraisal must be done as often as possible. If your last jewelry appraisal happened three years ago, it’s already outdated and the amount you might get for insurance is lower than the actual market value of the item.
The jewelry appraiser will give you accurate and complete appraisal reports based on current market values. With this, you can get better and more accurate insurance coverage.
What if my jewelry was appraised in the store, I purchased it? Do I need a different jewelry appraiser?
The answer is YES. Even if your jewelry was previously appraised, it is best to get a second and unbiased opinion from a certified jewelry appraiser. This helps to confirm the value of the jewelry. In addition to that, an independent jewelry appraiser provides in-depth appraisal reports you can use for insurance purposes. It will also help to check the overall quality of the jewelry you purchased. So, you are guaranteed that you’ll invest in a piece of genuine jewelry that will last a lifetime.
Whether you are starting a jewelry collection or have a whole set in your vault, having your jewelry appraised by a professional offer a handful of benefits in the long run. It also acts as security to ensure that you get your money’s worth. After all, spending your hard-earned money for a piece of jewelry is an important decision that you should take seriously and so do jewelry appraising.