What You Should Know When Getting a Jewelry Appraisal

Jewelry holds both sentimental and monetary value for many people. Whether it’s an heirloom passed down through generations or a recent investment, understanding the worth of your jewelry is crucial.

That’s where jewelry appraisal comes in. A professional jewelry appraisal can provide you with an accurate assessment of your jewelry’s value, offering peace of mind and important information for insurance purposes, resale, or estate planning. However, before you embark on this process, there are several key things you should know.

1. Understand the Purpose of the Appraisal 

Before seeking a jewelry appraisal, it’s essential to understand why you need it. Appraisals can serve various purposes, including insurance coverage, estate valuation, resale, or simply to satisfy personal curiosity. Each of these purposes may require a different approach or level of detail in the appraisal report. Clarifying the purpose upfront will ensure that the appraiser provides the appropriate information and documentation.

2. Choose a Qualified Appraiser

Not all jewelry appraisers are created equal. Selecting a qualified and experienced professional for an accurate assessment is crucial.

Look for an appraiser certified by reputable organisations such as the Gemological Institute of America (GIA) or the American Gem Society (AGS). These certifications indicate that the appraiser has undergone rigorous training and adheres to ethical standards in the industry.

3. Verify the Credentials

Don’t hesitate to ask for credentials and references before entrusting your jewelry to an appraiser. Verify their qualifications and expertise in appraising the type of jewelry you own.

Additionally, inquire about their experience with similar pieces and ask for client testimonials if possible. A reputable appraiser will be transparent about their qualifications and happy to provide references.

4. Understand the Appraisal Process

Familiarise yourself with the appraisal process to know what to expect. Typically, the appraiser will examine your jewelry in detail, assessing factors such as the quality of gemstones, metal purity, craftsmanship, and market demand. They may also take measurements and photographs and conduct any necessary tests to determine authenticity. The final appraisal report should include a detailed description of the jewelry, its value, and the methodology used to arrive at the appraisal.

5. Ask Questions 

Ask your appraiser questions about the process.

A reputable appraiser should not hesitate to explain their methodology, answer your queries, and provide insights into your jewelry’s value. Understanding the factors that influence value, such as market trends, rarity of materials, and historical significance, can help you make informed decisions about your jewelry.

6. Consider the Cost

The cost of a jewelry appraisal can vary depending on the piece’s complexity, the appraiser’s experience, and your location. Before proceeding with the appraisal, inquire about the fees involved and ensure you understand what is included in the appraisal service.

While it’s essential to seek a fair and accurate appraisal, be wary of excessively low fees, as they may indicate subpar quality or lack of expertise.

7. Keep Appraisals Updated

Jewelry values can fluctuate over time due to changes in market conditions, trends, or the condition of the piece itself. Therefore, it’s advisable to have your jewelry appraised periodically to ensure that its value is accurately reflected for insurance purposes or resale.

Additionally, major life events such as marriage, divorce, or inheritance may warrant updating your jewelry appraisals to reflect changes in ownership or distribution.

8. Understand Insurance Coverage

If you’re getting a jewelry appraisal for insurance purposes, make sure you understand your insurance coverage and any requirements stipulated by your insurer.

Some insurance companies may have specific guidelines regarding appraisals, including the frequency of updates and the appraiser’s qualifications. Adhering to these guidelines will ensure that your jewelry is adequately protected in the event of loss, theft, or damage.

9. Be Prepared for Variations in Value

It’s essential to recognize that appraised values may differ from the price you paid for your jewelry or its sentimental value. Appraisal values are based on objective criteria such as market demand, rarity, and condition, which may not always align with personal perceptions or emotional attachment. Be prepared for variations in value and trust the expertise of the appraiser to provide an accurate assessment.

10. Safeguard Your Appraisal Report

Once you receive your jewelry appraisal report, it’s essential to keep it in a safe and accessible location. This document serves as official documentation of your jewelry’s value and may be required for insurance claims, estate planning, or resale purposes. Make digital copies of the appraisal report and store them securely, along with any photographs or documentation related to the jewelry.


Getting a jewelry appraisal is essential in understanding the value of your precious belongings. By choosing a qualified appraiser, understanding the appraisal process, and keeping your appraisals updated, you can ensure that your jewelry is accurately valued and adequately protected. Whether you’re planning to sell your jewelry or increase your personal knowledge, a professional jewelry appraisal provides valuable insights into the worth of your cherished pieces.

Get your jewelry appraised with us today! At Jumbo Gold and Diamonds, we buy and sell gold and diamond jewelry, silver and gold bullion, and more. As such, we’re the perfect partner for all hoping to sell their jewelry or get into gold trading.