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Jewelry appraisers are skilled in the field of gemology, which is the detailed study of valuable gems and metals such as gold, platinum and silver. They are able to identify the authenticity and value of jewelry pieces by making skilled observations and performing unobtrusive examinations. This helps in determining the market value. Appraisers examine jewelry to determine their value and authenticity. This job requires detailed knowledge of the subjects and an understanding of current market values and trends.

Their training enables them to appraise the value of gemstones according to their color, the clarity of the stones, and the quality of the cut. After examining an article, a jewelry appraiser then determines its value. This figure is based on the information the appraiser gathers about the piece and how it compares to similar pieces. Appraisers also have to know the current market value of an item according to various pricing guidelines and any trends that may affect the price, such as the current price of gold.


The most important reason for having an appraisal done is for jewelry insurance replacement value in case of loss. An appraisal provides you with protection for proper reimbursement.

Most insurance companies request an appraisal for items above a certain value for their homeowner’s policy. The appraisal validates their existence and condition, and determines proper coverage and premiums for the policy.

Depending on how the policy is written, these appraisals are then consulted at the time of loss, theft or damage, to assist in replacement. The jewelry replacement value reflects the price that the client would most likely pay for one of similar description on the date of the appraisal.


An appraisal is a document that will describe an item by assessing its quality and assigning a value to that item. The description will cover the visibly seen attributes, its measurements and facts about the item, such as weight, materials used, and markings. Appraisals will also describe features such as gemstone quality, age or rarity of the piece and the overall quality of manufacture and construction. Appraisals are done for many reasons ranging from a need to determine the fair market value of an item, to estate planning or most common, a replacement value determined for insurance purposes.


Appraisals for Insurance
Replacement Value Appraisals: Most appraisals performed today are for “replacement value”. The appraisal will be written with an insurance replacement (retail cost replacement) as the guiding factor for insuring an item and the cost of replacing that item if it is lost or stolen, with a similar item, from a jewelry store that regularly sells that type of item being appraised and insured.

Appraisals for Selling
Fair Market Value: A Fair Market Value appraisal is done with a mindset of the actual value of an item if it were to be sold between a willing buyer and seller, in a common market that represents the items value in its current, used condition. An example would be a valuation for charitable donations or estate appraisals. Fair market values often run lower on value estimates than retail replacement values because retail replacement values often reflect the cost to replace the item with a new equivalent rather than a used equivalent.

Liquidation Appraisals
Liquidation Value: These appraisals reflect low values due to their situations, such as an immediate need to sell due to divorce, estate liquidations, probate or loan collateral appraisals, etc. Values can be estimated at wholesale or below wholesale levels.