The Research:
An appraiser approximates the cost of replacing a piece of jewelry with one of comparable quality at today’s prices. Most appraisals are done to establish the value of a piece for insurance coverage.
The Examination:
- After entering the customer's basic information onto the appraisal form, the appraiser will then shoot photos of the jewelry or watch. For example, if appraising a diamond ring, one photo will be focused on the diamond and the other will focus on the ring mounting from a side view.
- Next, if appraising a diamond, the appraiser will use a thermal conductivity test to confirm that the stone ring is a genuine diamond. The appraiser will also confirm the metal type of the piece.
- The piece will now be cleaned.
- If appraising a diamond or gemstone, the appraiser will identify the unique qualities of the stone. The era of the stone will be determined along with the cut, clarity, color and carat weight. The GIA diamond grading scale will be used to determine the characteristics of diamonds.
- The appraiser will then determine the appraised value of the piece based on the characteristics observed and today's pricing of comparable pieces.
The Appraisal Report:
The photos and information gathered during the examination will be recorded on the appraisal form. Customers will receive two copies of the final appraisal - one to keep on hand for personal reference and the other for their insurer. All appraisals that are completed by Cape Cod Jewelry Appraisers are guaranteed for accuracy. Below is an example of a Jewelry Insurance Appraisal:
