Jewelry appraisals are required for insurance valuations, the settling of an estate, determining the value for tax deductions for charitable contributions, for casualty loss evaluations, or perhaps the division of property in a divorce.
Jewelry appraisals simply state factually what a piece of jewelry is worth. Your jewelry should be value assessed by quantitative and qualitative aspects as determined by a skilled professional appraiser.
The appraiser should not only understand the science of valuation, but should be able to properly communicate the background on exactly how he or she arrived at that assessment.
Insurance appraisals are used by insurance companies to determine exactly what cost is required to replace an exact piece of jewelry in the current climate in the event of theft or loss. The appraiser provides a full evaluation of the item, including a detailed description of quality and special nuances of the item.
While each insurance company may operate differently, most won’t simply accept purchase receipts since the determined “value” is the key when writing a policy or reimbursing a claim.