One of the truly important things for deciding how fancy and valuable jewelry is, and also checking that it's genuine and not fake, is doing appraisal work with jewelry. Whether you're purchasing a new piece or want to check the value of an heirloom, an appraisal provides a professional opinion that can be invaluable for many reasons. For insurance coverage to resale, knowing the actual worth of jewelry matters to both its owner and a prospective buyer.
Determining Fair Market Value
An appraisal is a clear and accurate determination of the fair market value of a piece of jewelry. That's extremely important for buyers and sellers alike who want to ensure they're actually making good decisions. When you buy something such as domed weddings bands, for example, an appraisal informs you if the price quoted is a reflection of the prevailing market trends and the cost of the material. This is important if you are acquiring the item for personal use or you intend to sell it later.
Determining the Authenticity of Pieces
Jewelry appraisals are also important to determine the authenticity of a piece. Appraisers use all their insider professional knowledge to actually be capable of recognizing genuine fancy stones and the fakes. They even match high-value heavy metals used in jewelry with those that are lower in value. Such would be the case when you are buying matching wedding bands for him and her, an appraisal will confirm if the diamonds are naturally occurring or treated and if the bands are constructed of the correct metal. Authenticity is a major factor in establishing value, and professional appraisers can provide this endorsement through their knowledge and experience.
Sentimental Value and Estate Planning
Other than monetary use, jewelry appraisal can be useful for estate planning and sentimental value. For households that have heirlooms that are being passed down, understanding the appraised value of the object will help to distribute assets evenly among the inheritors.
Donnell is an experienced old pro at jewelry and has spent more than a decade working in the biz. He is passionate about fine work and precious stones in his blog, where he shares his broad knowledge on all from the current trends to timeless styles, from the clean beauty of domed weddings bands and the timeless allure of matching wedding bands for him and her.