Jewelry appraisal isn’t just about replacement value, although insurance replacement appraisal is surely one of the important reasons customers come to David Craig Jewelers so they can properly protect their jewelry. The appraisal value reflects the cost of replacing your cherished item. For new items, the insurance replacement value will basically reflect the price of the merchandise sold.

Other Main Types of Appraisals
Fair Market Value appraisals represents the jewelry in its current condition, not what it was worth when new. These appraisals are valuable for estate tax purposes, gift tax donations, IRS/Treasury Department and other U.S. government purposes. Fair market value will often be lower than the insurance replacement value. Liquidation Value appraisals are rarer and don’t necessarily reflect the true worth of jewelry under normal circumstances. These appraisals are more common in divorce settlements or estate liquidations.

Jewelry Appraisal is Different Than Jewelry Grading
A jewelry appraisal can provide you with anticipated value in today’s market, providing overall details of your cherished piece. The grading report verifies and examines the authenticity and details associated with just the gem in a piece of jewelry, not the value. Diamond grading reports, for instance, are common when purchasing engagement rings and tell you all about the diamond based on the 4Cs (cut, clarity, color and carat).

Choose the Right Jewelry Appraiser
Finding a great jewelry appraiser is well worth the research so you can be sure you know exactly what your jewelry is worth especially if your jewelry gets stolen or lost.

Make an educated choice by choosing David Craig Jewelers for your jewelry appraisal needs. David’s an award-winning member of the International Society of Appraisers and an international gem stone authority who is sought for his knowledge and expertise on the appraisal and value of fine diamonds and jewelry. He’s an American Gem Society (AGS) certified gemologist appraiser and a CAPP (certified triple appraiser of personal property.