Jewelry Appraisal Forms for Contra Costa
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FAQ
A competent appraisal, according to the American Society of Appraisers, should: Clearly state the kind of value being determined, such as fair market value (used for tax purposes), the replacement value (for insurance coverage), or liquidation value (for bankruptcy or business dissolution).
If you are looking to quickly value your jewelry or possibly consign and sell your items at auction, it makes sense to use an online jewelry appraisal service. Also, if you need to get an estimated replacement cost for insurance purposes, online appraisals are a quick way to get a valuation report.
What is a jewelry appraisal? An appraisal is more than just a receipt for your piece; it is a detailed document of what the jewelry is to determine its monetary value. For example, a diamond ring appraisal will include a description of the ring, gemstone information, and much more.
Descriptions usually cover the visible, measurable and analyzable facts about the item (weight, materials, markings). Most jewelry appraisals also describe subjective features such as gemstone quality, relative rarity and overall quality of manufacture.
Each piece of jewelry you purchase should be accompanied by a written appraisal that:describes all characteristics of the piece, including weights, grades, and measurements;states any treatments given the gem that are not part of the usual processing of this type of gemstone, or states that the gem is untreated;More items...
Costs can range from about $50 to $75 per item, or $50 to $150 or more per hour, depending on the appraisal's items. And given that the prices of precious metals tend to fluctuate dramatically, appraisals should be carried out every few years to keep your insurance coverage up to date.