Quick Answer: Why Should You Get Your Jewelry Appraised?

Do jewelers do free appraisals?

Most local, reputable jewelers will give you an appraisal for free.

Check the National Association of Jewelry Appraisers for a recommendation..

How much does it cost to have jewelry appraised?

Costs can range from about $50 to $75 per item or $50 to $150 or more per hour, depending on the items and nature of the appraisal. And given that the prices of precious metals tend to fluctuate dramatically, appraisals should be carried out every few years to keep your insurance coverage up to date.

Can you sell jewelry for appraised value?

This is why people often look to their jewelry appraisal for the value, however, appraisals are mostly done for insurance purposes and unfortunately, the truth is, you can NOT sell your diamond for the face value of an appraisal. This is a misconception.

Does Kay Jewelers appraise jewelry?

Every diamond and fine jewelry purchase at Kay’s Fine Jewelry (above $1000) comes with a certified lab appraisal for insurance and evaluation purposes. This appraisal is not conducted by KFJ. … Jewelry pieces purchased for less than $1000 are accompanied by a detailed In-store appraisal with full listings.

Are jewelry appraisals accurate?

In the jewelry industry, it’s standard for appraisals to be inflated, usually at 100% above the retail value. In other words, the appraisal doesn’t represent the true value of the diamond ring. … Your appraisal is not a good indicator of what you’ll get for a resale price. It is more for insurance purposes.

What should I expect from a jewelry appraisal?

The appraisal should describe the jewelry item stating an estimated diamond weight, an approximate color and clarity of the diamond (which is usually given as a range, for example H-J color, SI1/SI2 clarity etc.), the weight and type of metal the jewelry is made from and any other gemstones details.