What if your piece of expensive jewelry gets stolen? This can be a stressful situation, especially if that jewelry item is not insured. You may have an insurance policy that covers your belongings but in case of jewelry, you’ll need to prove its value. So, what you should do?

Whether you want to sell your jewelry or you’ve inherited an antique diamond ring from your grandmother, it’s important to get your jewelry appraised. Getting your precious jewelry appraised by a certified professional comes with several benefits. The appraisal provides basic information about the jewelry which is needed by insurance carriers to offer coverage for your jewelry. It protects and preserves the value of your jewelry and gives you a clear idea of its exact worth.

Still not sure about what jewelry appraisal is and why you need it? Keep reading to clear your doubts.
What Is Jewelry Appraisal?

A jewelry appraisal is typically performed by the Gemologist. These certified professionals have extensive gemological training and knowledge to evaluate gems and jewelry. An appraisal is a process of assessing a piece of jewelry such as a diamond ring. A certified appraiser provides a written opinion to verify the authenticity, quality, design and estimated value of a piece of jewelry. This written statement describes jewelry such as diamond and other stones to provide its value assessment. However, the appraisal doesn’t represent the true value of the diamond ring.

When it comes to appraisal, there is a time limit. This means that if your jewelry was appraised around five years ago, you should consider getting a new appraisal.  A regular appraisal is necessary to cover yourself in the case of theft and preserve the value of your jewelry.   A proper appraisal performed by a certified and reputed appraiser will provide you the full financial reimbursement for your jewelry through an insurance company.

Why You Need Jewelry Appraisal?

An appraisal helps in protecting your investment by determining the value of your jewelry.  A Certified Gemologist Appraiser will give you a detailed description of your jewelry and other important information such as type of jewelry, its materials, type of gemstones used, stone grading, the origin of jewelry, and more. Check out the top reasons to get your jewelry appraised.

  1. Documentation for Insurance

If you’re a proud owner of an antique diamond ring or any other precious stone, it makes sense to get it insured. To obtain an insurance policy for your valued piece of jewelry, you will need to submit the relevant appraisal documentation to your insurer. You may also get it insured under your homeowner’s insurance policy. This will cover you in case your jewelry gets stolen or damaged due to an incident like a house fire. However, it is important to have your jewelry appraised to avail this insurance claim.

  1. Learn About the Jewels & Metal

Do you want an unbiased assessment of the jewelry you have? An appraiser can assess the material, quality, workmanship, as well as the condition of the jewelry. When you get a jewelry appraisal, you get to know about each stone and its quality. You may also get to know who designed the ring. If you’ve inherited an antique ring, an experienced appraiser can find out how authentic it is.

  1. Get a fair price

An appraisal is quite useful when you want to sell the jewelry or distribute property in a divorce. Qualified and independent appraiser can determine the right value to protect your investment.