All You Need To Know About Jewelry Appraisal
by Arina Smith Fashion 04 September 2021
When looking to sell your expensive jewelry, for example, gold, silver, diamond, or jewelry made from other precious stones, it is vital to have it appraised to know its real value. A jewelry appraisal is whereby a certified professional evaluates and states a dollar value for your piece of jewelry. The appraisal is a document that states the value of the jewelry, its relative quality, and its dollar value.
The description encompasses the jewelry’s visible, measurable, and analyzable aspects, such as the weight and markings. Jewelry appraisals also describe the quality of the gemstone, quality of manufacture, and relative rarety. However, do not confuse a jewelry appraisal with jewelry grading.
The difference between jewelry appraisal and jewelry grading
While jewelry appraisal is the process of examining a jewelry piece and attaching a monetary value to it, diamond or gemstone grading is a thorough examination of a jewels’ stone and its attributes, including color, cut, carat, and clarity. A stone grading takes place in reputable gemological laboratories such as GIA and IGA by a licensed professional.
Note that the market assigns value to jewelry depending on its grading. Therefore, knowing your jewelry’s estimated value or expensive stone is easier if you know the 4cs (carat, color, cut, and clarity). In the end, a gemstone grading report is the most transparent and objective to help you understand the market value of your jewelry at a particular time.
A jewelry appraisal is necessary when selling your expensive jewelry at a gold exchange since it helps you understand the monetary value of your jewelry and make an informed decision when selling it. But you should ensure you get the appraisal from a trustworthy jewelry appraiser.
How to locate a trustworthy jewelry appraiser
Here is what to look for in a jewelry appraiser:
i. Appraisal credentials
A professional jewelry appraiser should have a certificate from a renowned national appraisal organization such as the National Association of Jewelry Appraisers. Note that various types of appraisals require different levels of training, so you should ensure they are qualified in appraising your kind of jewelry from adinasjewels.com.
ii. Gemological certificate
It is advantageous to ask the appraiser for their credentials before you can trust them. The minimum gemological training is a graduate gemologist’s diploma from the GIA or its equivalent. Continuing education also helps an appraiser stay updated on the latest appraisal and gemological changes.
iii. Jewelry appraisal knowledge and experience
Jewelry appraisal over several years automatically leads to a knowledgeable and experienced jewelry appraiser. Solid experience in the jewelry appraisal industry is a tremendous advantage when looking for an appraiser.
iv. Knowledge of jewelry manufacture
A well-trained jewelry appraiser should also be knowledgeable about jewelry manufacturing techniques and how they contribute to the value of the whole jewelry piece in question.
v. High ethical standards
A professional appraiser should stick to high ethical standards and professional behavior. So it’s essential to consider an appraiser’s reputation within the industry and check if there are any negative complaints against them from other clients. Working with a jeweler affiliated with a renowned jeweler association assures you that they adhere to high ethical standards set by the association.
The final word
Find out the value of your jewelry through your local jeweler but ensure they are certified and qualified to appraise your jewelry.