Are you a collector of antique jewelry, or you have inherited some of these heirlooms from your family? Do you know their worth? If you are the proud owner of these valuable jewelry pieces, you might be sitting on a gold mine, and you don’t know. It’s crucial to look for a top-notch veteran antique appraiser who understands these pieces’ intricacy and to evaluate and provide a jewelry appraisal document for each.
Why is getting an antique jewelry appraiser necessary?
Not every jeweler appraiser can evaluate and provide the correct appraisal for antiques because; these pieces may be rare, have provenance, or history, which all require an expert.
Experience is vital; any jeweler without an understanding of appraising antique will not give an accurate value of your heirloom. However, when you use an experienced antique appraiser, he will research the unique pieces and get their deserved deal.
Assumptions; you cannot assume an old piece of jewelry is antique or valuable. And you cannot tell what it’s worth if you are not an antique jeweler.
Get the right value; using a reputable appraisal could protect you from taking dismal offers. Even as you sometimes want to get rid of an old antique, know its value so you don’t lose out big.
Reasons you may need to get your antique jewelry appraised.
As you grow, you will hear many good stories about the family jewelry passed from generation to the other. But what goes into your mind as your grandma narrates their origin is how much is their current value? It wouldn’t be interesting to end the stories stating their current worth. Right?
One of the reasons you should get your family antique jewelry appraisal is the will to know their value.
Marriage life can be fun, exciting, and challenging. When you get to irreconcilable differences, a divorce happens. All the valuables you had acquired, including engagement and wedding rings, may require liquidation as the parties divide the assets leading to estate sales.
An antique piece of jewelry can be quite valuable, and it’s prudent to protect them through an insurance provider. One can use existing homeowner insurance or use a specific jewelry cover. The insurance company will advise on the requirements, including a jewelry appraisal document, represented in a particular format they need. They can also request the appraiser to have specific certifications before qualifying to do the appraiser.
A professional jeweler appraiser should contain;
It is a form containing details of the type of value the jewelry owner is looking for, the purpose of the appraisal, and its function. It also identifies the intended users of this report while including the location and the dates of inspection. Explains how the appraiser reached the value stated, the approach he used, and markets explored. The document will show the jeweler’s standards and any other limiting conditions or pertinent information omitted from the appraisal form.
Gemstones and diamonds have a particular grading system understood by a jeweler that has studied gemology. Any professional appraiser should have this.
What else you need to check:
Appraisers with an antique specialty are the ideal people to evaluate your antique pieces. To find an expert who is knowledgeable about the work at hand, here is what you need to check:
Level of education
Even as an appraiser comes as highly recommended, don’t assume he is well-educated. Ensure he has an appraisal and gemological training, certified by recognized bodies such as the American Society of Appraisers, International Society of Appraisers, or more.
It is crucial to choose a gemologist if your jewelry has precious stones such as gemstones or diamonds. Only a qualified gem grading appraiser can closely examine and tell the value of these stones using the 4Cs used in grading a diamond; clarity, cut, color, and carat.
Being educated is a good thing as he will apply all the knowledge acquired. However, if he doesn’t have experience in evaluating antiques, that can be risky. Find an experienced and qualified person.
Consider his charges
Each appraiser will have a different price for his work, many based on a few things, such as his experience and education level. While all these are crucial, it is also ideal to hire someone who can work with your budget. Researching before you choose an appraiser is vital. Get a quote from each place you visit and compare them to see where you fit best.
How the fee pricing should work
A professional appraiser will charge you a flat fee per jewelry or use hourly rates, ranging from $ 150 to $300. However, the cost might depend on the appraiser’s experience and accreditations. An appraiser should never charge you a percentage cost of your valuables. That can be unethical for a reputable jeweler.
The complexity of the antique piece of jewelry will also determine the charges. Some may require a lab inspection and market research to compare and get the right facts about them.
How can you tell a jeweler is a professional?
Ask these questions to your potential appraiser, which he should answer without a problem;
- How do you qualify to appraise my jewelry?
- Do you abide by the local and federal laws while staying on the current industry guidelines?
- Are you a graduate from a recognized body that evaluates the gemologist’s knowledge before they certify graduates? These include the American Society of Appraisers, International Society of Appraisers, or Appraisers Association of America.
- Is antique jewelry appraisal your specialty?
- Are you aware of the right market to evaluate my antique jewelry?
How to avoid rip-offs
- Go to a reputable jewelry retail store rather than doing it online. One can’t be sure of getting the accurate value of their antique jewelry via online appraisers. These pieces can be intricate, and that’s why they need a physical examination.
- Share the intention of your jewelry appraisal with your appraiser, so he knows how he will represent it. Maybe you want to know what that sentimental piece is worth so you can get it an insurance cover. You could be planning to sell it off for a financial boost, and at this point, an appraiser will look for the best market value for you.
- If broken or damaged, please take your jewelry to an experienced repairer rather than fixing it yourself. That might affect the value of your antique or even cause more damage.
- Never sell your antique to an appraiser, even as you get desperate. It could be risky since they will quote a price they want to buy and not what your product is worth. That is not advisable, as it may create a conflict of interest.
- Do some research and find a reputable antique jewelry appraiser, especially one highly recommended. You can also check them online. Then get an estimate the evaluation will cost you.
- Ensure to get the written jewelry appraisal document, including the reason for the appraisal.
Even antique jewelry value does fluctuate as there will be a time when the market floods with specific pieces. And if you are getting your valuables insurance, most providers require an appraisal renewal every two years. It helps to ensure that you will get the right value of your product when that time comes.
Avoid the rush
Doing thorough research before hiring an appraiser helps you get a reputable professional fit for the job you need.
In Conclusion, if you are excited to dig in your grandma’s jewelry box to find those valuables and put on their price tags, they will each need a jewelry appraisal document from an experienced antique jeweler. And only a veteran jeweler can provide that, and not any other jeweler.