Jewelry appraisals can cost over $100 per piece and, in many instances, they are an unnecessary expense.
- You can get the same information from a jewelry buyer, without paying a penny.
- When making a purchase, most jewelry stores will offer you a free appraisal. All you have to do is ask for it.
- It is difficult to accurately determine diamond and gemstone quality / size when the stones are already mounted in jewelry.
- Appraisal values usually reflect inflated retail prices. This is because the appraiser wants to be careful not to offend you.
- An appraisal contains one person’s opinion. If you are attempting to sell your jewelry, potential buyers will conduct their own analysis to determine your jewelry’s quality and value for themselves.
The only reason to have your jewelry appraised is if your insurance provider requires it. Apart from that, jewelry appraisals don’t provide any particularly useful information that you couldn’t get for free from a local jewelry buyer.