Get an Accurate, Certified Appraisal at Padis

If you want to determine the monetary value of a piece of jewelry, you will need to have an appraisal done.  Appraisals are typically required if you want to insure your jewelry for replacement value.  In addition appraisals are done for estate planning and tax purposes to determine fair market value of jewelry as well as to learn the value of family heirlooms.  The GIA says the “value stated on the appraisal is the opinion of the appraiser based on their research and experience,” which is why you want an experienced, certified appraiser. 

The experts recommend that you have your jewelry appraised every three to five years (some say every two to three years) because the value of the piece may have increased resulting in it being under insured.  A safe bet is to check with your insurance company to see if they have any requirements or recommendations on updating appraisals. 

An updated appraisal includes reexamining the piece, a detailed description of the item, and documentation regarding its current condition.  The value of the piece may change based on the current market and will be reflected in the appraisal.  It should also include the appraiser’s name and their qualifications.   

At Padis Jewelry, our staff includes an American Gem Society (AGS) certified gemologist appraiser (CGA) who has gone through the training and certification process set forth by the AGS.  In addition our appraiser is a GIA Graduate Gemologist, which is where they learned to identify and grade diamonds and colored stones.  For you convenience, Padis Jewelry also has an in-house bench jeweler that can handle same-day repairs, ring sizing and settings.  Please visit our website to learn more, and while you are there set up an appointment to view our jewelry in person.   

Padis Jewelry, a family-owned business, has been a trusted source for buying exquisite certified loose diamonds, engagement rings and fine jewelry since 1974.  We are one of the only jewelers in the area that offers such an exclusive selection of top names in the industry as well as such a large inventory.  For an opportunity to view our impressive collections, please contact us to schedule at visit.

Source:  4cs.gia.edu/en-us/blog/appraisal-tips/