Top Five Reasons to Have Your Jewelry Appraised
Jewelry is often considered to be an asset, both in terms of monetary and sentimental value. However, it is important to have your jewelry appraised regularly by an experienced gemologist for various reasons. Here are the top five:
- Getting engaged or upgrading your wedding ring
It’s essential to immediately have your new jewelry appraised for insurance purposes, ensuring that you have adequate coverage in case of loss, theft, or damage.
- You’ve inherited jewelry from your family
Determining value and authenticity are essential to inform you of the value of your inheritance so you can make informed decisions about what to do with the items, such as whether to sell or keep them.
- A gift of jewelry over a certain threshold
It is imperative to have costly pieces appraised to determine their value and ensure they are adequately insured.
- Self -purchased jewelry for yourself over a certain threshold
It is advisable to have significant jewelry purchases appraised to ensure that you have paid a fair price and that the quality of the piece(s) matches the price you paid.
- Ensuring market value
Finally, it is recommended to have your current jewelry appraisal updated every three years to keep up with any fluctuations in the market value of your jewelry.
In conclusion, having your jewelry appraised by a professional gemologist is essential to safeguard your investment and protect your valuable assets.
