The role of Jewellery appraisals in selling your diamonds
A jewelry appraisal (also known as a jewelry valuation) is a document you may receive from a high end jeweler or jewelry appraiser that describes the item of jewelry being valued and then gives a value that the item should be insured for. The appraisal should describe the jewelry item stating an estimated diamond weight, an approximate color and clarity of the diamond (which is usually given as a range, for example H-J color, SI1/SI2 clarity etc.), the weight and type of metal the jewelry is made from and any other gemstones details.
Why have a jewellery appraisal?
Sometimes when you purchase an item of jewelry, the retailer may provide this document for insurance purposes. Insurance companies recommend that this document is renewed every few years as the prices of precious metal and diamonds regularly change. The insurance company will use this as proof of ownership and will look to replace the item at the value stated on the appraisal, in the case of item is being lost or stolen. The jewelry appraisal can cost up to $100 or a percentage of the value of the jewelry item itself but with Kekilli Jewellery, We do free appraisal on the spot (IN STORE ONLY).