Expert Jewelry Appraisal & Insurance

There are several reasons for having jewelry appraised. The majority jewelry appraisals are completed to gain the correct value for insurance purposes. Retail Replacement Value is calculated on current retail pricing of the item. Many factors contribute to the retail value of jewelry, including metals, stones, how the jewelry is made, where the jewelry can be purchased, and estimations on future value.

If you have homeowner's insurance, or renters insurance, it may include coverage for “unscheduled” property including jewelry. Generally, “unscheduled” coverage would cover if your jewelry is stolen or destroyed in a fire. However, coverage allowance is often only $1,000 or $2,000. In order to protect your fine jewelry investment, most insurance companies require an additional rider on your existing policy. These riders require an independent Insurance Appraisal from a Graduate Gemologist to allow for detailed description and retail replacement value of your fine jewelry item.

If you have an old or unique piece of fine jewelry, you may want to get an appraisal to learn about the history of that type of jewelry and its value. This is often described as an Estate Appraisal, which assigns value to a piece of jewelry that is more in line with current pricing conditions and liquidity potential. Estate jewelry is often appraised to facilitate a quick sale, or to help divide property for an Estate.

Ultimately; fine jewelry is a significant investment and should be documented, appraised, and recorded as an asset to you, your company or your family. Make sure you use an appraiser such as Merkley Kendrick Jewelers, who is properly qualified.

You may want to contact your personal insurance agent for more information or click this link: for information from Jewelers Mutual Insurance Company.

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