Your Guide To Jewelry Appraisals

Before investing in a jewelry purchase, you should consider a jewelry appraisal. Appraisals allow you to protect your investment through insurance and help you keep up with market changes that impact the value of your jewelry. You can also get an appraisal for heirlooms, new purchases, and even estate purposes. 

What Is A Jewelry Appraisal?

You might think an appraisal is just a documented receipt of your purchase, but it is much more than that. A jewelry appraisal is a detailed document that you can use to ensure your purchase and fully understand its monetary value. In order to file an insurance claim, you are required to have an up-to-date appraisal. The appraisal will also include specifics of your jewelry like size, gemstone information, and more. You might consider a jewelry appraisal if you plan to resell your jewelry or for tax purposes. 

How Much Does A Jewelry Appraisal Cost?

The cost of a jewelry appraisal depends on where and when you purchased your jewelry. Typically the jeweler you are buying your item from will offer a complimentary appraisal, though some do cost a fee. If you are getting your jewelry appraised by a jeweler from whom you did not purchase, you can expect to pay about $85+ for the service. 

Does A Jewelry Appraisal Take A Long Time?

Ultimately, the timeline is dependent on who you are working with. We aim to create an expedited service for our customers, so please feel free to call our team or stop by to get the specific pricing and timeline for your appraisal. 

How Often Should You Get An Appraisal? 

While you might think that a jewelry appraisal is a one-time deal, you should have your jewelry appraised every few years to keep up with market changes and insurance requirements. You can always ask your insurance company what they suggest, or call a jeweler for their recommendation based on when you last purchased your jewelry. 

At Stephen Allen Jewelers, we offer everything you need to care for your jewelry, cleaning, repair, and appraisals. Stop by today and get your appraisal, or call our team to make an appointment.