Why should I have my jewelry appraised?
Many people don’t realize that if their jewelry is lost or stolen, their homeowner’s policy does not cover its replacement. Most homeowner’s policies require a specific additional policy or “rider” for jewelry that describes the jewelry in detail, and is accompanied by a formal appraisal from a reputable jeweler. Weinstein Jewelers specializes in meeting with you by appointment and creating appraisals for all your fine jewelry so you can be fully covered in the event of a loss.
This evaluation includes detailed pictures of each individual item. If the jewelry item has gemstones and/or Diamonds, each stone is graded for clarity, cut, and color. There is a notation of how each individual stone is set and a disclosure if any stones are damaged. Also, if the gemstone or Diamond is certified through a certain laboratory we note the laboratory, certificate number, and the date the certificate was issued.
This document also includes the weight of precious metal in grams and a current precious metal market price.
What should I bring to the appraisal appointment?
Any documentation such as previous appraisal documents, receipts, certification, a copy of your current jewelry insurance policy, and information on any stones. This documentation may help with lowering the cost of your appraisal update or new appraisal.
How often should I have my jewelry appraised?
Jewelry appraisals should be reviewed every two years. Due to market changes, it is important to make sure all your jewelry items have a full retail replacement value. The appraisal process takes approximately two weeks, but sometimes can be completed sooner. Please call us at 248-347-0303 for an appointment.
See our Jewelry Insurance page for information on insuring your jewelry if you choose not to add it to a homeowner’s policy.