What is the value of your jewelry?
Five things to know about professional jewelry appraising:
- A professional appraiser identifies, values and documents your jewelry. Each of these things requires time and expertise; to gather relevant facts, interpret them correctly and report conclusions clearly and accurately.
- To identify jewelry, an appraiser must know gemology and have an understanding of the materials, designs and techniques of the jewelry arts. These fields are vast and changing all the time, so the professional appraiser must always be learning more.
- Value is an informed, objective opinion about what an item most often sells for between particular kinds of buyers and sellers (such as trade dealers and retailers, or retailers and end users), in a particular place and at a particular time. Value always has this context. The professional appraiser looks into a particular market (such as bricks-and-mortar, online, or auction) to discover the prices that determine value.
- For more than 30 years, the Uniform Standards of Professional Appraisal Practice have been developed as the generally accepted standards of appraisal practice for all classes of property in the United States. The professional appraiser recognizes and uses these standards.
- Unlike real estate appraising, the personal property appraisal field is unregulated. The professional jewelry appraiser chooses to join societies with the highest educational and ethical requirements for their members, no matter their area of practice. The American Society of Appraisers is the nation’s oldest and largest such organization, and the only one that brings together appraisers of personal, real and intangible property.
MY APPRAISAL PRACTICE IS BASED ON THESE PRINCIPLES.
AppraisAL TYPES BASED ON USE
Retail Replacement Value
for owners seeking insurance coverage for their gems and jewelry.
Fair Market Value
for administrators and executors charged with reporting federal estate tax liability, and donors of gems and jewelry claiming federal tax deductions for charitable contributions.
Marketable Cash Values
for owners considering ways to sell their jewelry in various markets or administrators and executors charged with equitable distribution of gems and jewelry among heirs.
Fair Market Value or Fair Cash Value
for divorce attorneys dividing marital estates that include gems and jewelry (according to state laws).
Quality Confirmation and Retail Market Value
for consumers confirming purchase decisions.
for private owners and insurers with damaged gemstones or jewelry.
Various market values, including Retail, Wholesale, and Re-sale
for institutional and individual clients in criminal or civil court actions (based on applicable laws).
Marketable Cash Value
for charities, banks, law firms, and other businesses with gems and jewelry interests.