Each written appraisal should contain the weight and measurement of the piece, identification, grade and measurements of all gemstones, value factors for each gemstone, the 4 C’s for diamonds, the value of the jewelry, an explanation of how the value was determined and a definition for all trade and technical verbiage used. Digital photographs should be included to allow the piece to be identified or copied in the future, if need arises. A statement of the qualifications of the appraiser should also be included.
An official appraisal done by an expert independent jewelry appraiser is necessary for insurance and estate planning. Fair market value appraisals indicate the amount a piece would be sold for between a willing buyer and seller. This appraisal can be used for estate tax determination and division of property in a divorce. A fair market value can be helpful to fair division of jewelry assets among loved ones.
If you don’t know where to go to get jewelry appraised…read your local jewelry appraiser reviews. Also, if your purpose is to sell diamond jewelry, a current jewelry appraisal will help you decide a better selling price.