Gem, Jewelry, Diamond Appraisals by New Jersey, New York, Appraiser Gregory E. Sherman & Associates - Certified Gemologists

My insurer asked for an appraisal.
Is this practical?

Don't accept inflated appraisals from the dealer who sold the jewelry!

Insurance companies accept a risk when they insure your diamond ring and your jewelry. A responsible insurance compnany will therfore require an independent appraisal to confirm the quality of your property and determine its true replacement cost. Most insurance companies are very selective about the qualifications and reputation of the appraiser conducting the appraisal. They tend to reject those that do not meet strict criteria. Our appraisal reports meet and exceed the acceptance criteria of all insurance companies and government agencies. As world markets continue to change, a current appraisal will assure that your jewelry is correctly valued. Our objective is to make sure that our clients are neither over nor under insured. We'll be happy to perform a complimentary review of your old appraisal documents and insurance policies. These documents can either be faxed or mailed to our headquarters for review.

Statistically, over the past 10 years, diamond prices went up by 20% to 60%! This is why it is imperative to have your jewelry re-appraised by a professional appraiser every 3 to 5 years.