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Thorough Examination Using Gemological Tools Every appraisal begins with a close inspection of your jewelry using specialized tools like microscopes, diamond testers, and gemological instruments. It can be used confidently for legal purposes, insurance coverage, taxes, or selling with clarity.
Conversely, an accurate jewelry appraisal value is necessary for the right insurance coverage. In this blog, you will understand the elements differentiating jewelry appraisal value from the selling price of jewelry. Robert Hurt Hello, I’m Robert Hurt, a graduate gemologist from the prestigious Gemological Institute of America (GIA).
Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles.
Whether you're curious about the value of your collection, planning for insurance coverage, or considering selling pieces, understanding how to appraise jewelry is essential. Look for credentials such as accreditation from recognized gemological institutions and memberships in professional appraisal associations.
Ask for certification: Request a diamond certification from a reputable gemological institute to ensure authenticity and quality. Choose an insurance company: Not all insurance companies offer coverage for jewelry, so be sure to research and choose a reputable insurer that specializes in jewelry coverage.
In this blog post, we’ll discuss the top reasons why it’s important to have your jewelry appraised, and why you shouldn’t wait. The appraisal also provides an estimated replacement value for your jewelry, which is the value insurance companies use when providing you with coverage. What exactly is Fair Market Value?
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