Frequently Asked Questions

Who needs a jewelry appraiser?

A jewelry appraisal is required for a variety of reasons including insurance coverage, selling a piece of jewelry, and confirming the value of a piece of jewelry just bought. You will also need an appraisal for estate liquidation purposes (where Kim's expertise as an antique and estate jewelry appraiser is essential) and for a tax deduction if making a charitable donation.

Can't my jeweler appraise my jewelry?

Because, legally, anyone can perform appraisals, it is important to make sure that your jewelry is appraised by someone with the proper qualifications. As a graduate gemologist, Kim has been professionally trained by the nationally recognized Gemological Institute of America to identify and grade diamonds and colored gemstones.

How can a jewelry appraisal save me money?

Since it is common for retailers to put a value on the appraisals of their own jewelry that is much more than the jewelry could be sold for or replaced for, it is important to have your jewelry professionally appraised. An Independent Certified Graduate Appraiser like Kim will provide an accurate (not inflated) appraisal. This means that you will not pay too much for replacement insurance.

What should a jewelry appraisal contain?

Kim's jewelry appraisals contain very detailed and specific information about each examined item. Acting in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), Kim will ensure that your appraisal will contain all necessary information, including function and purpose of the appraisal, statement of value and value methodology, a detailed description of the appraised item and her name and qualifications. Kim will also include a photograph of the item(s) for the purpose of design representation.

How much does insurance for jewelry cost?

As a general rule, insurance will cost $10 for each $1,000 of jewelry value per year. So a $6,000 ring would cost $60 per year for a homeowner's insurance rider. However, you would need to speak to your insurance agent for specific costs on your policy.

How often should I have my jewelry appraisals updated?

Updating your jewelry appraisals every three years is usually adequate. However, very valuable items should be updated more frequently. Prices of diamonds, precious metals, and colored gemstones often change from year-to-year and may fluctuate greatly depending on market conditions. It is important to be sure that you are fully protected in the unfortunate event of a loss. Appraisal updates are inexpensive and critical to keeping up with for your insurance coverage.

If an item can't be replaced, should I have it insured?

Inherited jewelry, for example, cannot be replaced. But insurance coverage will protect the asset.

What if I don't want a written appraisal, just an opinion and ball park figure on my jewelry?

For a smaller fee, Kim is happy to consult with you about your jewelry if it is not your desire to get a written appraisal. However, Kim must thoroughly examine the item and conduct market research in order to give a precise value.

What can I do if I have a problem with an appraiser?

As a member of the National Association of Jewelry Appraisers, Kim is held accountable to this professional organization and written complaints can be filed.