How may we assist?
- Why do I need an appraisal?
- Must I come to your office?
- What questions should I ask a jewelry appraiser?
- What is my jewelry worth?
- Did I pay more then I should have?
- What will it cost to replace it?
- I just got a diamond ! Now what?
- How do I protect my gift/inheritance of jewelry?
- My insurer asked for an appraisal. Is this practical?
- Are you able to act as an agent or proxy for a sale?
- Can you help me shop for jewelry?
- Can you sell jewelry for me?
- What should I look for in an appraisal report?
- Do you have additional questions? Please contact us!
What is my jewelry worth?
Price is often confused with Value. The price is set by the merchant. The value, on the other hand, is determined by 2 processes - one being the Cost Approach and the other being the Market-Data Comparision approach. The actual price may be less than equal to, or greater than the value. This is why a professional appraisal is necessary.
The market-data comparision method involves researching appropriate markets for comparable jewelry.
The cost approach entails provides an estimate of how much it would cost to create an identical reproduction of the piece of jewelry in the current market. Typically, the cost approach is used when comparable pieces cannot be found on the market.
The professional appraiser considers both approaches, and employs the appropriate one.
In either case, a lot of factors determine the value of the jewelry, such as:
- The Design and the Craftsmanship of the entire piece of jewelry
- The Period during which the jewelry was manufactured, and its Age
- The Style of the jewelry
- The Condition of each component, including the stones, the mountings, the clasp and the metal
- Quality characteristics of the various components of the jewelry
- The Manufacturer of the jewelry
- The Dealer who sold the jewelry