Learning About Jewelry and Diamond Appraisals with Stewart Kuper Jewelers

March 23, 2016
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In today’s blog, the Stewart Kuper Jewelry experts are going to spend some time teaching you about the importance of jewelry and diamond appraisals. So what is a jewelry appraisal? An appraisal is an official, professional assessment on the retail replacement of a piece of jewelry and/or diamond. It will be well documented and quantitative. Let’s learn more.

Why Should I Have My Jewelry Appraised?

Primarily, appraisals are important for insurance purposes. In an ideal world, you would not need insurance for your jewelry. Unfortunately, unexpected things can happen to your jewelry, causing it to become damaged or lost. Insurance can help protect your investment. Most insurance companies will require an updated appraisal before they will offer coverage. Many things can affect the value of an appraisal.

What Goes Into An Appraisal?

Contrary to the belief of many, the value of jewelry & diamonds fluctuates over time. An appraisal will consider the current market value of your item. The condition of your jewelry or diamond will also play a role in the result of the appraisal. The appraisal will factor in the standard characteristics of a diamond such as carat, cut, color, and clarity. The gem should be assessed by a trained appraiser with a careful eye and a depth of knowledge.

Where do I go for Appraisal?

If you are interested in having a piece of jewelry appraised, there are some things you should look for in an appraiser. First, the appraiser should be a graduate gemologist and/or a member of a reputable appraisal association. Second, the appraiser should charge a flat fee for their service, not one based on the value of the piece.

If you have any questions regarding jewelry and diamond appraisals, you can stop by Stewart Kuper Jewelers for all your appraisal needs.