Jewelry is a precious possession, and many sentiments are attached to it. But unfortunately, many people happen to lose their Jewellery because of theft or accident like floods or fires. For this, it is mandatory to get the Jewellery appraisal done. It will help to keep your insurance records up to date. Moreover, it will give you relief when you know that your Jewellery is protected, whatever the situation is.
Many people don’t get the appraisal done and get insurance. Many times, it leads to incorrectly valued Jewellery. Just think, if you don’t know the worth of your Jewellery, how will you know if the insurance can cover the actual cost at the time of repair and replacement or not? It can be heartbreaking for you later when you do not have enough insurance to protect your precious Jewellery. So, to stay safe, get your Jewellery appraisal done before insuring it.
Now, let us look closely at what exactly, Jewellery appraisal is and when it should be done. In this article, we will be studying the 4 Ws of Jewellery appraisal: What, Who, When, and Where. People asked these four general questions when told to appraise the Jewellery.
What is Jewellery Appraisal?
Simply put, an appraisal is an official document that a certified appraiser provides. It states all the essential details of your Jewellery piece, and its current replacement value is also mentioned. Important information like a description of the item, its weight, gemstone quality, metal type, etc., are mentioned in the document. Additional mandatory details include a photograph that indicates the currency used to value the item, verification of authenticity, and the appraiser’s signature.
Who Perform Jewellery Appraisal?
It is the jewelry appraiser who does the task of the appraisal. If you are serious about your belongings and want an accurate estimate, get it done by a certified appraiser. Also, make sure that the appraiser is certified by a reputed institution.
When Should Jewellery be Appraised?
The moment you purchase your jewelry, get it appraised. Many jewelers provide an appraisal on the purchase but ensure that it is up to date and appraised only by a certified appraiser. Furthermore, get it appraised after every 2 to 5 years. It is so because the cost of gemstones and gold keeps on varying. If the market has gone up and your appraisal document shows the old price, you may face loss while getting it insured.
From Where a Professional Certified Jewellery Appraiser can be Found?
The appraiser must be experienced and well-trained to get the best value.have certified appraisers and strive to provide the best quality services to the client.