Jewellery Appraisals

What is a Jewellery Appraisal?

A jewellery appraisal is a written professional opinion of the authenticity, quality, design and approximate value of a piece of jewellery — for purposes including retail replacement, probate or estate. Since it is an “informed, professional opinion”, there can be variations between appraisals.

Why should I have my jewellery appraised?

Insurance purposes are the most common reason for obtaining an appraisal — insuring against loss, theft and damage, as well as settlement for estate purposes.

How much should an appraisal cost?

Appraisal fees vary according to the service being rendered and the intended use of the appraisal. A qualified appraiser will provide you with an estimate of the fees — based on your needs and the intended purpose of your appraisal — prior to commencing the appraisal.

What should I expect from a jewellery retailer?

The acceptable practice for a retailer is to show the appraisal to the final customer only after the sale has been completed.

• A lab report may, in some instances, be presented stating the quality of the metals and grades of the gems
• The appraisal should always include the customer’s name and address on the final document
• An appraisal should be a reflection of the appraiser’s genuine assessment of the actual selling price of an item of jewellery