Jewelry Appraisals & Fair Market Values
All assessments are done in house, unless further testing is recommended.
Appraisals start at $95.00 per item. Fair Market Values start at $75.00 per hour.
"Should I insure my engagement ring?".
You know what they say....If you have to ask...
In all seriousness the answer is yes, it is financially logical to insure your precious jewelry.
Insurance Appraisal Document
An appraisal is a document that describes an item, assesses its relative quality and assigns a retail replacement value for insurance replacement. Descriptions usually cover the visible, measurable and analyzable facts about the item such as weight, materials, and markings. The document will include photos and information on gemstones such as carat, quality, and condition.
Fair Market Value
Fair market value is the actual selling price between a willing buyer and seller, when neither is compelled by time or need to buy or sell in the item’s most common market. Fair market value must represent the item’s value in its current (used) condition. Fair market value is generally required for charitable donations and estate evaluations. Fair market values may run lower than retail replacement values, because replacement values often reflect the cost to replace a used item with a new equivalent.