There are a number of reasons you may be ready to have your jewelry appraised. You can seek an appraisal to get ready to sell the item, or you may need the value of the item to include on your homeowner’s insurance or your estate tax valuation. It may also be necessary to have an engagement ring appraisal if you are going through a divorce or plan to use the item as collateral for a purchase.
In order to ensure you get all the information you need, you have to take some time to learn what is included with the appraisal and understand that this will provide you with more than just the diamond resale value.
What’s Included on an Appraisal?
The appraisal will include the jewelry/diamond weight, measurements of the components and grade. The appraisal will also note if any treatments were conducted on the gemstone. If the stone is left untreated, this should be noted on the appraisal, as well. Other information included is whether or not the stone is natural or synthetic, the type of setting it has and the actual value of the item.
Finding the Right Appraisal Professional
If you are trying to learn how to sell an engagement ring it is a good idea to verify the appraiser’s credentials prior to using them. Taking the time to do this will ensure you are receiving an official appraisal and that it will hold up when you are ready to sell.
It is best to select an appraiser who is not interested in buying the jewelry you have to sell. This will ensure there is no conflict of interest, including convincing you that the jewelry you have is less valuable than it actually is.
Getting Your Jewelry Ready to Sell
Prior to selling the jewelry, it is a good idea to clean it well and to make it look the best it possibly can. It is also a good idea to seek a jewelry appraisal every three to five years in order to know that you have the most current value.
Taking the time to find the right person to provide the appraisal will pay off in the long run. Don’t ever attempt to sell your jewelry online, or in person, without first having it officially appraised. This will ensure you get a fair price for the item you have. Using the tips here will help to guide your selling or buying process when it comes to any type of jewelry or diamond.