At first glance, appraising your jewelry may sound like a trivial task, when in reality, an appraisal is crucial in terms of the care of your valued wedding ring, watch, or heirloom jewelry piece. An appraisal can protect you in many different situations, such as loss, insurance claiming, and replacement value accuracy.
Loss
An accurate appraisal will protect your piece in the event of theft, loss, or misplacement. There’s no worse feeling than being unable to locate your favorite piece of jewelry. Do you have a recent appraisal for your lost, damaged, or stolen heirloom? If you do, then no problem. This appraisal will provide a detailed description of your piece and allow for a replacement to be made for the exact specifications. This can be especially helpful if you have an outdated heirloom. A good appraisal from a professional gemologist will give you the best opportunity to get back a piece made exactly like your previous one.
Insurance Claiming
Appraisal and insurance of your jewelry go hand in hand. If you want to have your jewelry insured, you will need to first have it appraised by a gemologist who is someone who has been trained in the science of gems which allows them to identify different types and grades of precious stones. After your jewelry is appraised, you will then have to notify your insurance agent. You will likely be charged a small fee, known as a rider, and then covered should something happen to your valued item. This is the easiest way to ensure the protection and replacement of your piece in the event of any unforeseen circumstances.
Replacement Value Accuracy
The worth of gold, silver, and other precious metals is in constant fluctuation, which is why you will need to have an updated appraisal to ensure the replacement value piece you receive is as accurate as possible. Ideally, your items should be appraised every three to four years so that your jewelry is insured for the correct, updated amount.
All in all, the appraisal of your wedding ring, watch, heirloom, or other jewelry is extremely important in protecting and caring for your valued piece. A professional gemologist or experienced appraiser will be able to accurately grade the cut, color, and clarity of your item, and assign it a value which accurately represents its worth. Don’t be left out in the cold by failing to have an accurate, up-to-date appraisal when you need it most. Get a professional appraisal and protect your valued jewelry today!