When was the last time you had your fine jewelry appraised? If it’s been more than five years, now is the time to have it re-appraised.
Why? There are many reasons to have your fine jewelry appraised, but of these the most important is for insurance purposes and condition. The value of your jewelry can fluctuate greatly over time. If it has been a few years since your last appraisal, your jewelry could be insured for less than its replacement value. That means you’ll be risking a substantial financial loss if your jewelry is lost, stolen or damaged.
Although we only appraise what we personally sell at Eiseman, we do evaluate for purchase of any fine jewelry or timepiece.
Appraisals are also often performed to determine the value or authenticity of a piece for estate purposes, family distribution or other settlements. It’s also a good idea to seek an evaluation if you’re planning on selling or gifting a piece of jewelry, or if you’re planning on putting it into a trust. If you are re-mounting a stone or modifying a piece of jewelry and therefore significantly altering its appearance and value, you should also have an appraisal.
The gemologists at Eiseman Jewels recommend having your jewelry appraised every three to five years. We are happy to consult with you to determine the type of appraisal you need, whether it be for retail replacement, fair market value, liquidation or estate. When you purchase from Eiseman, we will then evaluate your jewelry and research the market before writing an appraisal for you at no charge. Appraisals should not cost, but if you are charged the price is contingent upon the number of pieces and time to assess the jewelry. We recommend that you ask the appraiser for the cost upfront and for the cost of updating the appraisal.
Wherever you decide to have your jewelry appraised, proceed with caution if an appraiser claims to be “GIA certified.” The Gemological Institute of America only provides certificates of quality, origin and authenticity. Many appraisers have completed the GIA Graduate Gemologist program, in which they’ve learned to identify and grade diamonds and gems. After graduation, they may seek formal appraisal training through various associations or other schools.
To see if Eiseman can assist you, simply call Michael Johnson at (214) 369-6100 to schedule an appointment.