Jewelry Appraisals | Evaluating and setting fair prices in luxurious high end jewelry

Jewelry Appraisals
How do you set the fair price of a valuable diamond ring, necklace or gemstone?
Jewelry appraisers follow strict ethic codes and clear evaluation procedures.

Jewelry evaluation has always been a critical issue. Jewelry sellers and jewelry buyers need to know the value of what they own and what they will own.

Jewelry appraisals are the best way to get impartial value analysis of the fine jewelry pieces and gemstones. As we know, evaluating diamonds and gemstones are two completely different universes.

There is no universally accepted grading system for gems, so independent lab certificates are fully recommended. The "Four C's" are the most important process of evaluating diamonds by their original characteristics.

A jewelry appraisal establishes a bridge of consensus between the owner and a potential buyer of an expensive jewel. These price ranges can become quite wide in a negotiation process, if you haven't got a fair initial price value.

Jewelry appraisals are not a waste of money and can be paid by both parties. In the jewelry world, verifying the market value is obligatory. Jewelry professionals recommend that the high end jewelry pieces should be appraised every two years.

There are many public and private institutions and associations working exclusively with jewelry appraisals. How do you choose professional jewelry appraisers? First of all, opt only for licensed appraisers. Make sure you're dealing with an experienced evaluator with, at least, five years of continuous studies in the jewelry market. Finally, do not forget to define the price criteria before the jewelry evaluation takes place.

Graduate jewelers, for example, have completed all courses and passed all of the prescribed examinations of the Gemological Institute of America’s (GIA) manufacturing arts program. They're different from graduate gemologists, certified horologists and jewelry wholesalers.

The price of jewelry appraisals should be put on the working hours spent studying the jewelry piece. You're not paying a percentage of the jewelry piece value, of course.

In the end, you should get: a complete detailed report, the grading system in which the report was based, the equipment used to analyze the gem and a profile of the appraiser.

The International Society of Appraisers (ISA) and the American Society of Appraisers (ASA) publish relevant documentation about jewelry appraisals.

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