Other Jewelry Appraisals

Jewelry that is tendered in place of cash for payment purposes is a form of collateral and, accordingly, the loaner may require an appraisal. Bank loan officers frequently ask for this type of appraisal when they want to determine the cash value that they can reasonably expect to receive, in the event the loan is forfeited, upon liquidation of the jewelry or gemstones. Collateral appraisals provide the Fair Market Value of the items; however, banks need to know their options for quick disposition of the property, so you may wish to include a liquidation value as well. We provide appraisal reports for this intended use that cover a full range of disposal options for the bank.

The types of value for dissolution of marriage are varied and are determined either by the court or by the parties to the action. The court may request several values, broad evidence, and make a determination of either the most appropriate type of value or combine several types of value in their determination. We provide defensible and comprehensive appraisal reports for this intended use to assist you in the process.

You might want to verify your jewelry's identity and/or quality as claimed by the seller. We are independent appraisers without a vested interest in such cases, we will render an ethical and professional appraisal based on careful research of the market in the valuers locale. Many factors will influence the price a specific vendor might charge. Our analysis for this assignment looks at the market data more broadly and the reported replacement value does not represent the price you might pay at a specific store. Comparison appraisals usually reflect the jewelry at their most common retail replacement price; however, this type of appraisal can also reflect comparisons in auction, wholesale, or broker markets.

Post Lost – Insurance Claim Appraisal is used to establish the value of a previously undocumented item that has been lost or stolen to settle an insurance claim. It is hypothetical appraisal that is based on information supplied by the client, such as any photographs, receipts and the client’s description of the item. The client may be an insured, an attorney, a representative of the insurance company or an adjuster.

In a casualty appraisal, our scope of work is to determine the Fair Market Value of a lost, stolen, or destroyed jewelry item that has not been previously documented; however, it is based on substantial facts and evidences. The IRS allows an income tax deduction of some portion of the value of lost, stolen, or destroyed articles with a proper calsualty loss appraisal.

A damage report expresses the difference in value that has resulted from breakage and estimates the cost of the removal, re-cutting, and resetting of the stone, as well as the value of the re-cut stone (loss of weight).

Bankruptcy is a federal court process in which individuals or businesses that cannot meet their financial obligations can eliminate or repay some or all of their debts, while protecting the creditors involved. Personal bankruptcies fall under two categories – liquidation (Chapter 7) or reorganization (Chapter 13). Bankruptcy is controlled by federal statutes, or other jurisdictional regulations and statutes. Appraisals for bankruptcy often involve collaboration with appraisers from other disciplines. If the bankruptcy involves a business, a CPA or Business Valuation appraiser will generally be involved. We can help you in providing a credible appraisal for jewelry to be submitted to a federal bankruptcy court.

GIA Graduate Gemologist Trang Pham of La Jolla Gem Appraisal is a
qualified appraiser and provides appraisal reports meet Federal requirements for a qualified appraisal. La Jolla Gem Appraisal offers to work with Law Enforcement to provide professional valuation services of seized and forfeited jewelry property.