WHAT IS A JEWELLERY APPRAISAL?
When looking to sell your jewellery, most people tend to include an appraisal in the process. A jewellery appraisal is the process in which a certified professional examines and states a rand-value for a piece of jewellery. There are 27 types of appraisals that suit different purposes. For example there are a few for tax purposes, some for insurance purposes, and others for reselling purposes. Within a jewelry appraisal, both the precious metals and gems are considered.
WHAT TO LOOK FOR IN A JEWELRY APPRAISAL
- An appraisal process that matches the ultimate purpose of the appraisal
- A clear explanation of the grading process and measurements used
- A definitive statement of value with seal or signature by an authorized appraiser
- A statement of the appraisal purpose on the certificate
- An open discussion in which you can ask any questions of the appraiser
DIAMOND JEWELLERY APPRAISAL VS. DIAMOND JEWELLERY GRADING
While jewellery appraisal is the process of assigning monetary value to a piece of jewellery for a specific purpose, diamond jewellery grading is the thorough evaluation of the jewel’s stone and its attributes: carat, cut, color and clarity. Gradings are carried out in renowned gemological laboratories like GIA and IGI by certified professionals. The market assigns value to diamond jewellery according to their grading, so if you know your stone’s 4 C’s, you can get an estimated market value, like the ones provided for free by Worthy. Ultimately, a diamond grading report is the most transparent, accurate and objective tool you need to determine how the market values your diamond jewelry in a specific moment in time.
WHERE CAN I FIND OUT THE VALUE MY JEWELLERY?
There are a few ways in which you can learn the value of your jewellery. The most obvious route is at your local jeweler. They are likely to be certified and qualified to appraise your jewellery. In this case, you need to make sure that they carry out a resale appraisal, and not another kind of appraisal, like those for insurance or tax.
The first step to learning the value of your jewellery is to get a grading report by a reputable gemological lab such as GIA, IGI, GSI or AGS. A jeweler, or potential buyer will look at the details of the report and conduct an evaluation from there. If your jewellery does not include any precious gemstones and is made of a precious metal such as platinum or gold, you can simply have it weighed. The value of a precious metal is determined purely by its weight and position in the current market.
WORTHY JEWELLERY EVALUATION
When looking to sell jewellery with Worthy, an important step is verifying the details of your jewellery item to the buyers. Because each and every piece of jewellery we sell on behalf of our clients is unique, we have partnered with the world’s leading grading laboratories, GIA & IGI to provide the most thorough evaluation possible. We take this extra step to help ensure that you receive the best value for your item. The purpose of the grading is not to assign value, only to create a clearer picture of your jewellery item so that buyers can place competitive bids with confidence. The entire process is as follows:
Describe your jewelleryand upload a few photos of it. Based on the provided information, we’ll conduct a market value analysis, resulting in a pre-auction estimate.