You may think that if you get your jewelry appraised immediately after purchase you are set for life.   However appraisals are only valid for a limited period of time. Yout insurance company may not tell you it’s time to update your diamond ring appraisal!   The reasons jewelry needs to be appraised every few years include:

  • Jewelry markets can be volatile and prices for certain stones change from year to year. You will want to have up to date information.
  • As the inflation rate changes the values of your jewelry may change.  Again up to date information is necessary especially for insurance purposes.
  • Any damage to your jewelry may impact the value. If you are passing jewelry on to beneficiaries and want to divide equitably you will want to verify the condition has not changed.


Most insurance companies will require you to have your jewelry appraisal, diamond appraisal, or gemstone appraisal updated every three to five years. This can vary depending on your insurance company so always ask your agent what the company requires in terms of appraisal updates.