A proper jewelry appraisal is a document prepared by a qualified, trained, educated and tested professional jewelry appraiser having access to, and utilizing all equipment, tools and training necessary to properly conduct the assignment.
The document will be comprised of three main parts:
- The Cover Documents: Contains the dates of value, the definitions of value, market conditions, grading scales and charts, limiting conditions, the standards the appraiser subscribes to along with other critical information found nowhere else with the appraisal document.
- The Body: This is the area that not only describes the subject property in detail but also lists all of the results of testing, authentication and evaluation of the subject property. The value conclusion and photographs in enough detail to properly identify the subject property will also be included in this section.
- The Addendum: This section will contain a copy of the appraisers’ qualifications along with copies of full testing and grading reports along with any other pertinent data not contained in the appraisal cover documents or body.
Are there different types of jewelry appraisals?
Yes, there are many types of appraisals it is definitely not a one size fits all situation. While jewelry insurance appraisals are the most common issued today there are many types of appraisals and appraisal type functions. For more information on Jewelry Insurance Appraisals click here
For a complete list of appraisal functions performed by Weinstein Jewelers of Novi Click Here
Different types of appraisals require different levels of detail along with different definitions of value being sought. It is critical that you are forthcoming and honest about what you are going to be using the appraisal for when retaining an appraiser, often people are not as they are mistaken in belief that it could influence the appraiser or the appraisal process. A professional appraiser is non-biased, and all misinformation will do is expose you to the risk of having an appraisal done that will not service your needs and leaving you with a null and void document. Transparency is key and will properly service your needs.
The appraisal consultation appointment?
By appointment our professional appraiser will meet with you free of charge and separate authentic from faux jewelry, access your needs along with which items should be appraised, and quote the fees to properly appraise your items to properly service your needs. At this appointment you will be able to review the appraisers professional qualifications along with seeing samples of their work and have questions answered.
You should bring with you to the appointment any and all documentation such as previous appraisal documents, sales receipts, laboratory grading reports, a copy of your current jewelry insurance schedule, and information you might have no matter how insignificant you think it might be.
I already have an insurance appraisal on my jewelry, how do I know if its properly authored and that I will be protected in case I have a jewelry claim.
Many if not most of the jewelry insurance appraisals currently held were not properly or completely conducted, nor authored by qualified professional appraisers leaving the consumer at great risk if they were to experience an insurance claim. Working within the jewelry industry, by buying and selling jewelry or even being a Bench Jeweler or Graduate Gemologist, does not qualify one as an Appraiser! Appraising is a profession, just as a doctor, lawyer, or CPA, where one must be educated, tested and qualified. Unfortunately, as of today, there is no overseeing body to administer government testing and licensing, therefore, anyone can hold themselves out as an Appraiser. (For more information click here)
To find out if your appraisal will properly protect you in case of an insurance claim (Casualty). By appointment we will conduct a full jewelry insurance appraisal review for you free of charge on your existing appraisal documents that will be scored for completeness based on proper appraisal standards to access your exposure to risk in the event of an insurance casualty.
Do you give verbal appraisals?
No, we are trained, Professional Gemologist Appraisers. We do not give verbal “Appraisals” as they lack the proper authentication, evaluation, research standards, methodology, and valuation research necessary to properly service the needs of the client. Any appraisal conducted without following proper appraisal standards is reckless and an act of gross professional misconduct on the part of the “appraiser”.
Most often however when people are seeking a “Verbal Appraisal” what they are looking for is an Offer To Purchase or Loan. If you have jewelry items, noble metals, diamonds or gemstones you are looking to sell or to get a discrete collateral loan on we will gladly provide you with an offer.
What type of appraisal related services do you offer?
As Professional Jewelry Appraisers we conduct all types of appraisals and appraisal related functions. We conduct insurance, estate, equitable distribution appraisals just to name a few along with handling insurance claim assessments, indemnification verification, and expert witness services. For a complete list of the appraisal and appraisal related services we provide please click here
Insurance for my jewelry.
Often people prefer to have third party policies on their jewelry rather than have it attached to their homeowners or renters block or they lack those types of policies. While we are NOT an agent, representative, fiduciary or beneficiary of this or any insurance company we feel comfortable recommending this company to our clients.