WHAT IS JEWELRY APPRAISAL?
A jewelry appraisal is the process of a jewelry professional ( a gemologist appraiser in this case) assessing your jewelry items and allocating a monetary value for insurance purposes. For a diamond item, it will typically include information such as the GIA 4 C’s of the stone (carat weight, cut, color and clarity grades) and the total weight of the entire piece including the metal.
Jewelry appraisals are a great starting point when you are looking to get a value for your jewelry, as it typically details the key characteristics that will help a buyer establish a price. *******Be aware that because jewelry values can fluctuate over time, insurance companies require that you have your jewelry appraised every two to three years. They will never take your word for its value nor the receipt enough proof that your jewelry is indeed valuable.
A quick list of purposes for a jewelry appraisal :
Tax (Gifting) Purposes
Property or Legal Distribution