Please call (858) 255-8085/ email info@gemslajolla.com to schedule your appointment.
Please call (858) 255-8085/ email info@gemslajolla.com to schedule your appointment.
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Jewelry Appraisals

Jewelry Appraisals

Regular price Unit price per

A jewelry appraisal is an unbiased, evidence-based valuation for a specific purpose, as of a specific date, that is based on researched market data that is analyzed and formulated into a report prepared by a trained, experienced professional valuation specialist.  

PURPOSES

You need jewelry appraisal reports for a variety of reasons: 

Scheduling insurance coverage or settling an insurance claim

The most common reason for appraising your jewelry is to obtain insurance coverage. There are two important elements of an appraisal for insurance: value and description. The value on an appraisal sets only the upper limit of insurance coverage while determining the premium you pay.  An appraisal with an over-inflated value will cause you to pay a higher premium than is necessary, but will typically not result in a higher “cash-out” in the event of a loss. 

Estates and Trusts

If the appraisal involves an estate or trust, the scope of the assignment and level of detail contained in the report is tailored to meet the needs of the personal representative, attorney or trust officer.

  • Taxable estates require documents that are structured to meet IRS requirements. 

  • For distribution of estate among heirs, the level of detail and reporting will vary with the needs of the family.

  • An appraisal may be required to document the jewelry when establishing or settling a trust, or to insure jewelry contained in a trust.

On-line purchases

As internet purchases become more common, an unbiased appraisal can verify that the diamond or jewelry item(s) purchased on-line matches the description, lab report or appraisal that accompanies the item.

Other uses

Charitable contribution

Settlement of marital assets

Resale

Each type of appraisal is unique and requires different research and methodology to reach a final value conclusion.  As a result, the value of the same jewelry item may be different for each of these appraisal types.

JEWELRY APPRAISAL PROCEDURE:

Please call (858) 255-8085 or use our online booking system on our website to schedule your appointment.  Please bring all the documents (receipts, certificates...) you have, together with the jewelry to the appointment.  Your jewelry will be examined in a secure environment and you can wait during the process.  If you have multiple or complex items that require more time to examine, you may choose to leave the jewelry while the examination is performed.  We'll take photograph of your jewelry for your receipt when jewelry is left with us.  After examination, we will conduct market research and analysis of your jewelry, a comprehensive final report will be sent to you within a reasonable time frame depending on each assignment as well as our workload (usually within a week).

JEWELRY APPRAISAL FEES: 

The hourly rate for appraisal services performed in the office is $175.00.  The minimum charge for the first item for most standard, contemporary jewelry styles will range from $150.00 to $250.00 and is based on the amount of time required for that item.  Depending upon the size and composition of a collection, additional items may start as low as $70.00 per item.  Intricate items might cost higher.  

For most appraisals, we provide a fixed quote for the appraisal fee at the time the jewelry is presented.  There is generally not a charge to quote an appraisal fee and, once quoted, fees rarely exceed the original quote.  Any unforeseen complications will be communicated to the client if any increased fee is necessary.