What Is The Value Of My Jewelry?
The Real Truth About Jewelry Evaluations
When it comes to antique jewelry, there are many factors that determine its value. These include the type of metal used, the condition of the piece, and how rare it is. For example, if you have a gold ring with diamonds set into it, it may be worth thousands of dollars.
There are many factors that determine the value of any piece of jewelry. These include its material, design, condition, rarity and history. However, there are several ways to estimate the value of your jewelry.
When getting a jewelry appraisal, there are several things to keep in mind.
- First, appraisers are not trained but experienced to evaluate diamonds.
- Instead, they look at the quality of the stone itself.
- Second, appraisals are not meant to replace professional gemological evaluations.
- Third, appraisals do not include insurance coverage.
- Fourth, appraisals are only valid for one year.
- Fifth, appraisals are usually take about 15 minutes.
When you’re looking to sell your antique jewelry, you’d be thinking of getting a vintage jewelry appraisal which actually would tell you the value of your jewelry, right? You might be surprised to learn that the appraisal is not the face value, it’s more than that.
What An Antique Jewelry Appraisal Is…And Isn’t
EGL, GIA, and AGS certified reports are essentially ancient jewelry appraisal institutes. They are typically done for insurance purposes and do not represent the worth of your jewelry if you sell it. An antique jewelry evaluation is often done at 100% over the retail value.
While the vintage jewelry assessment may make you feel like you’ve made a fantastic investment, don’t expect to get that much when you try to sell. However, if you’re cashing in an insurance claim, it might work in your advantage. However, if you insure your jewelry, it is the insurance provider that stands to benefit from your premium.
Jewelry stores profit from doubling the vintage jewelry appraisal as well. They sell you an item for half price when it is the average going price as compared to the jewelry’s real is worth (or perhaps more).
The truth of evaluation is revealed
Even though it might be frustrating to know the truth about antique jewelry appraisals, consider this: You’ll now enter a local or online jewelry appraisal with the knowledge that you need. You’ll be able to conduct business as necessary once you realize that your old jewelry assessment is not accurate.
Where To Get An Antique Jewelry Appraisal?
- To get an old jewelry appraisal, conduct an online search for “antique jewelry appraisal near me.”
- The results will be mixed with jewelry stores, antique dealers, and over online buyers so you’ll want to narrow it down to local buyers and vintage jewelry appraisals that are near you.
- Investigate the antique jewelry buyers to make sure they are reputable.
- Find out how long they’ve been in business and how much of that time has been at the location near you.
- Once you’ve selected a few, set up a time to take your item for an old jewelry appraisal.
- Knowing about your vintage jewelry is helpful.
- What is the exact age?
- Does it have a story that comes along with it?
- What’s the era when it was produced?
- Anything interesting about your old jewelry can only make it more appealing so know before you go and, make sure it is clean and shiny.
- There should be no surprises when having your antique jewelry appraised.
- Knowing the facts and you’ll come out with an appraisal, you can work with whether you are looking to sell or are taking insurance on the piece.
When it comes to antique jewelry appraisals, it is what it is. You are not going to change the system or the fact that the appraisal is double the actual value so you might be satisfied that you are at least aware how evaluations work beforehand.
Finding a Trustworthy Old Jewelry Appraisal
Having a reliable appraiser you can rely on is nice. Look for one who respects you in your search for one. Look for honesty as well. If you find a vintage jewelry appraiser who tells you up front that the appraisal is twice as much as the purchase price. And you’ve found someone who is honest and more likely to be a dependable source to get an appraisal from and sell. Thus, you’ve found a gem.