A jewelry appraisal is an opinion as to the authenticity, quality, design, and value of a piece of jewelry. Since it's an opinion backed and supported by training, equipment, and experience, it's important to understand that there can be honest variations between competent appraisers.
Most people commonly believe that the declared price evaluation is the most important aspect of an appraisal. This is not true. Actually, the most important part (and the most protective to the customer) is an explicit description of the jewelry item, accurately depicting the design, the metal, the stones, and the quality. The only purpose the declared
price serves is a vehicle to determine your insurance premiums.
Most homeowners' or renters' policies have a minimum amount of coverage for all unscheduled personal property including your jewelry. Only items that are scheduled under a separate “rider” can be covered for more than this amount. In order to schedule these items, insurance companies require that they are appraised. A detailed accurate appraisal is needed to protect your interest. Most insurance companies will replace your items at the time of loss. Therefore, an appraisal will allow the insurance company to replace your items with like or comparable items of size and quality according to the specifications listed on your appraisal.
The past few years have seen unprecedented increases in the price of precious metals, diamonds, and gemstones. Even an appraisal done just a few years ago could already be seriously out-of-date.
Other needs for a jewelry appraisal include estates, divorces, and future identification.
Besides being an award-winning jewelry designer, Mark Grosser is also a metalsmith and a master stone setter who sits on the faculty of the Indianapolis Art Center's metals department.
To have your watch, coin, and antique jewelry appraised by professionals, call