If you’re planning to sell your jewelry online, you must know your jewelry’s actual worth. However, it is not easy to get an accurate answer as there are various parameters involved in the process such as-
- Age and condition of jewelry
- Construction cost
- Jewelry design and size
- Maker's markings
- Value of metal and stones
- Jewelry weight and measurement
To help you understand better, let’s start with- What Is Jewelry Appraisal?
Jewelry appraisal is the process of assessing a jewelry piece in order to calculate its monetary value. The examination is done by a certified professional who creates a document outlining your jewelry’s unique characteristics and assigned value.
If you’ve recently inherited a valuable piece of jewelry, you need to get it appraised. This way you can receive an accurate initial value of your valuable possession along with its estimated weight and color and clarity.
As the quality of appraisal varies depending on various factors, there are typically three grades used for grading your jewelry. Whether you’re searching for the best place to sell jewelry or simply want to get your jewelry appraised, we’re going to share everything about the key considerations, factors and steps required for appraising your antique jewelry.
What are the types of antique jewelry appraisals?
There are different types of appraisals including- Real Estate, Insurance, Tax Purposes, Charitable Donation, and Fair Market Value Appraisals. Each appraisal process is done to find out the fair market value of your jewelry.
The main objective of jewelry appraisal is to assign a specific dollar value to your antique jewels. This dollar value indicates the retail replacement value. If you’re thinking of selling your jewelry online, then you should seek the services of a gemologist. A grading report provides an accurate and transparent grading report stating the market value of your jewelry.
How the value of your jewelry is calculated?
The value of your jewelry is equal to its liquidation value. Such valuation depends on the gold content. Check whether your jeweler is offering a premium for your jewelry. If you have a high-quality item, its rate may increase by 20 to 25 percent of its retail value.
If you want to go for jewelry appraisal to buy insurance, then your jewelry’s valuation depends on the fair market value. Having an accurate valuation will help you get a lower premium on your insurance.
Why should you get a jewelry appraisal?
Although, jewelry appraisal does not add any value to your jewelry. But it helps to get an estimate of your jewelry’s weight, color and clarity. These three factors are very important when it comes to evaluating the value of diamonds. You’ll get an idea about your jewelry’s price range and it’ll help you to make an offer if you’re planning to sell your jewelry.
Where to get your jewelry appraised?
At Luriya, we offer the best value for your antique jewelry. Our team of highly-trained professionals provide reliable and accurate jewelry appraisal services. If you want to buy jewelry or sell jewelry online, we can help you get a proper valuation of your jewelry, choose our walk-in or online appraisal services today.