The appraiser has three functions, all of
them important to you.
Appraisals starting at $55*
First, the appraiser is an identifier. Your jewelry must be
identified as to the materials, workmanship, condition and any other
elements affecting its value, and then evaluated-ranked in quality in
relation to all other similar property.
Second, the appraiser is a value'er.
A value must be assigned to the jewelry that is appropriate to the purpose
of the appraisal.
Third, the appraiser is a witness to the property. The
appraiser can attest in a court of law that the jewelry existed at a certain
point in time, and that it was in a certain condition. (That is why it is
necessary for your appraiser to examine your jewelry when you have the
appraisal updated.)
Unlike real estate, that stays in one place and is sold in one market with
public recording of sales, personal property such as jewelry moves from one
location (market) to another. It is subject to a layered market including
retail of several levels, wholesale of varying levels, and markets for sale
of used (pre-owned) as well as new items. In addition, most of these
transactions are by "private treaty", and thus are not a subject of public
record.
In addition, the value of jewelry is related to circumstances surrounding
the sale. The value must relate to the most common market for the item,
considering its condition and all other value factors. Value is always
specific to a certain date and a stated purpose and will vary according to
the situation.
Just as in valuing real estate, valuation of jewelry is largely a matter of
research. It is important to preserve any past documentation of your
jewelry-sales receipts, previous appraisals, guarantees or warranties, etc.
These record the history your jewelry, will aid your appraiser in assessing
its current value. They could also be important at some future date in
proving your history of ownership. At Jewels by Stacy Appraisals, we keep
copies of your documentation for five years-just in case your records should
be destroyed along with your jewelry.
The professional jewelry appraiser utilizes three traditional approaches to
value-market research of sales of comparable jewelry, the cost of making a
reproduction or a replica of the jewelry, and in rare cases, an estimate of
the income producing potential of the jewelry.
Your jewelry will be valued appropriately to the purpose of the appraisal.
Please call, email or stop in for details 11am - 5pm
No appointment is necessary
*Prices vary, depending on how many items to be inspected, and how much
research is necessary.
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