Why Appraise Your Jewelry?
February 9, 2021
Whether your jewelry collection contains heirlooms, estate or new purchases, determining its value could save you from heartache and financial loss down the road.
Determining your jewelry's value for insurance purposes is the most common reason for an appraisal. To protect against loss or theft, you'll need its value documented in your policy. It's even a good idea to have your jewelry re-appraised every few years for the most up-to-date value; especially with the fluctuating nature of gold, silver, and gemstone prices!
During an appraisal, an expert will take an in-depth look at your jewelry noting any damage and wear that affects the value. This process will highlight any potential issues that could result in a loss down the road such as a worn prong or loose stone. Take the opportunity to have these problem areas repaired right away to avoid the heartache and headache of losing a stone later on!
3.) Future Settlements
Having a current appraisal on your jewelry collection is important should it ever become involved in a settlement such as estate or divorce. These documents will make the process of distributing the jewelry easier and simpler, as the value plays an important role!
Ready to have your jewelry appraised?
Give us a call to schedule your appointment!
|2018 Coliseum Dr||4640-11A Monticello Ave.|
|Hampton, VA 23666||Williamsburg, VA 23188|