Things to Know About Jewelry Appraisal
Buying fine jewelry is much more than just getting a new accessory. It’s a long-term investment that can gain value over time. To properly protect that investment, you’ll need to get a jewelry appraisal. Many people have never had a jewelry appraisal before and aren’t sure why it’s so important or what to expect from the process. That’s why we’re here!
Find the answers to all your jewelry appraisal questions, learn how much it will cost, and go into your jewelry appraisal appointment feeling confident.
What is a Jewelry Appraisal?
A jewelry appraisal is a way to view the written value of your fine jewelry. This includes a detailed description of the piece that explains its current value. Jewelry appraisals can help you properly insure your fine jewelry investment, resell it, and more.
Jewelry appraisals are done by highly trained, experienced jewelers. They must have the knowledge to assess a piece's metal, stones, and overall quality to provide you with an accurate appraisal.
How Much Does It Cost?
Jewelry appraisals are rarely free. Some jewelers offer a free appraisal when you buy your jewelry, but after the time of purchase, it will cost you. Most jewelers charge a flat rate per piece of jewelry that’s being appraised. Prices can start around $100 and go up from there.
What to Expect
Before your jewelry appraisal, you must schedule an appointment or contact the jeweler to find out when to drop off your jewelry. Some jewelers offer same-day appraisals during your appointment, while others will have you leave the jewelry. The turn-around time can be as short as a couple of days or as long as a couple of weeks, depending on how many pieces of jewelry you have.
When the appraisal is complete, the jeweler will provide you with the written appraisal and a detailed breakdown of how they reached that appraisal value. This is your time to ask any questions and retrieve your newly appraised jewelry.
How Often Should Jewelry Be Appraised?
You should get a jewelry appraisal every three to five years to know your jewelry's most accurate current value. Jewelry prices constantly fluctuate, so an appraisal from ten years ago won’t accurately represent today’s value.
Contact Bostonian Jewelers
If you want to appraise your jewelry, contact Bostonian Jewelers today to schedule an appointment. Our experienced jewelers will handle your fine jewelry with the utmost care and provide a detailed, accurate appraisal of your investment.