Choosing the Right Jewelry Appraisal Expert
Like choosing a new doctor or electrician, you should do your research and “shop around”. The most important thing to remember when doing this is you should not have your jewelry items appraised by someone who would be interested in buying them. Many people bring their jewelry into retail stores for an appraisal, the problem with this is if this store consigns or resells used jewelry, they will appraise your piece not for what it’s worth, but for what they would be willing to pay you for it. It is essential to hire a third party, independent appraiser who does not buy or sell jewelry, and is not interested in the value.
The Jewelry Appraisal Fee
Your appraiser should have a set fee, or clear estimate of the price of the service that is not dependent on the value of your jewelry. At Nugent Appraisal Services, we use a set fee formula for all appraisals based on either time or number of pieces. When the value of your jewelry affects the fee an appraiser charges, they may be motivated to appraise it at a higher, inaccurate value just to earn a larger fee.
The Gemological Institute of America is the most widely recognized and respected gemological educational organization and laboratory in the world. In fact, many insurance companies require that appraisals be performed by GIA gemologists. All gemologists at Nugent Appraisal are GIA educated and trained. It is imperative that you ensure your appraiser has completed formal education and holds certifications from a recognized institution such as GIA, ASA, AGS, ISA, or NAJA. This appraiser will be able to produce a certified report that accurately provides the true value of your jewelry.
A Jewelry Valuation of Convenience and Privacy
When choosing a gemologist appraiser, consider the appraiser’s process and what it entails for your jewelry. Most retail stores will require that you leave your jewels with them overnight for appraisal. If you are not comfortable with this, consider an in-home jewelry appraisal by Nugent Appraisal Services, where the jewelry never leaves your sight. We also perform appraisals at law offices, and in banks where jewelry is kept secure in a safe deposit box.
After you confirm that your appraiser is educated and professional, he/she should ultimately be someone you are comfortable with, who is eager to answer any questions you may have regarding the appraisal process and report.