APPRAISAL INFORMATION,
WHAT IT MEANS TO YOUR JEWELRY

THERE ARE DIFFERENT TYPES OF APPRAISALS YOU CAN GET:

 1)INSURANCE APPRAISAL
2)A REPLACEMENT VALUE APPRAISAL
3)AN APPRAISAL TO SELL YOUR JEWELRY.
 

INSURANCE APPRAISAL
THIS TYPE OF APPRAISAL IS WHAT MOST PEOPLE GET WHEN THEY BUY A DIAMOND OR A PIECE OF JEWELRY. IT IS WRITTEN FOR 2 REASONS, ONE (AND I MAY SOUND CYNICAL) IS TO GIVE YOU THE FEELING THAT YOU GOT A GOOD DEAL ON THE PURCHASE YOU JUST MADE. IF YOU BOUGHT SOMETHING FOR $2000.00 WHAT SHOULD YOUR APPRAISAL BE FOR? WELL THAT IS A HARD QUESTION TO ANSWER. THE HONEST ANSWER IS THAT IT SHOULD BE APPRAISED FOR $2000. BECAUSE IF YOU LOST YOUR ITEM THE NEXT DAY, YOU SHOULD BE ABLE TO GO BACK TO THE STORE AND BUY THE SAME THING FOR THE SAME PRICE AGAIN, RIGHT? HOWEVER HERE IS WHERE THE PROBLEMS START. WHAT IF YOU INSURED THAT PURCHASE FOR $2000. AND YOU LOST IT AND TOLD YOUR INSURANCE COMPANY YOU WANT TO PUT A CLAIM IN, WELL YOU HAVE NO INPUT ON WHAT JEWELRY STORE THEY GO TO GET THE REPLACEMENT. WHAT IF THEY WENT TO TIFFANYS TO REPLACE IT, YOU WOULD NOT GET THE SAME ITEM YOU PURCHASED FOR THAT PRICE FROM THEM. THAT IS WHY APPRAISALS FOR INSURANCE PURPOSES ARE WRITTEN FOR A HIGHER AMOUNT. 

THE OTHER WAY THESE APPRAISALS ARE WRITTEN IS AS A SELLING TOOL. HOW MANY TIMES DO YOU SEE AN ADVERTISEMENT THAT WHATEVER YOU BUY FROM US WILL APPRAISE FOR DOUBLE? WELL DOUBLE OF WHAT? ANYONE CAN WRITE AN APPRAISAL AND THERE IS NO STRICT GUIDELINE THAT EVERYONE HAS TO FOLLOW SO WHAT IS THE APPRAISED VALUE MEAN? THE HONEST ANSWER IS NOT MUCH. DO NOT USE THIS VALUE TO BASE THE TRUE WORTH OF YOUR ITEM BECAUSE YOU WILL BE VERY DISAPPOINTED.

IF YOU ARE SELLING YOUR JEWELRY, WE HAVE FOUND THAT YOU WILL GET BETWEEN 10%-30% OF THAT AMOUNT, DEPENDING ON WHERE IT WAS BOUGHT AND WHO ACTUALLY WROTE THE APPRAISAL. 
 

REPLACEMENT VALUE APPRAISAL 

THIS TYPE OF APPRAISAL IS GOING TO BE WRITTEN WITH THE EXACT FIGURE THAT YOU PAID FOR THE ITEM THAT YOU BOUGHT. UNLIKE OTHER INSURANCE APPRAISALS WHOEVER WRITES THIS ONE IS NOT GOING TO INFLATE THE VALUE OF YOUR JEWELRY JUST TO MAKE YOU FEEL LIKE YOU GOT A GOOD DEAL ON YOUR PURCHASE.  IF YOU ARE GOING TO GET YOUR JEWELRY INSURED BY A COMPANY THAT WILL PAY YOU IN CASH FOR YOUR LOSS, THEN THIS IS A GOOD WAY TO GO. THERE IS NO REASON TO PAY EXTRA PREMIUMS IF YOU KNOW YOU WILL BE ABLE TO GET THE SAME PIECE OF JEWELRY THAT YOU HAD WITH THIS AMOUNT OF MONEY.

APPRAISAL TO SELL YOUR JEWELRY
THIS IS WHAT A JEWELRY STORE OR PAWN SHOP WOULD OFFER YOU FOR YOUR JEWELRY THAT YOU WANT TO SELL. THIS VALUE IS GOING TO BE BASED ON WHAT WE CAN PAY FOR IT AT THE WHOLESALE LEVEL AND THEN WHAT CONDITION THE JEWELRY IS IN AND WHETHER OR NOT IT CAN BE RESOLD OR NOT. DON'T COMPARE THE VALUE OF ANY OF THE OTHER APPRAISALS TO THIS VALUE, THOSE ARE FOR REPLACING THE ITEM YOU HAVE IN BRAND NEW FORM AND FROM AN INSURANCE COMPANY THAT IS GOING TO PAY FULL RETAIL.  ANOTHER FACTOR IS GOING TO BE WHERE YOU PURCHASED YOUR JEWELRY FROM ORIGINALLY, IF YOU PAID TOO MUCH TO BEGIN WITH YOU ARE GOING TO GET A LOT LESS THAN YOU PAID.

JEWELRY INSURANCE 
 
YOU CAN INSURE YOUR FINE JEWELRY WITH THE SAME COMPANY THAT WE'VE CHOSEN TO INSURE OUR JEWELRY STORE. JEWELERS MUTUAL INSURANCE COMPANY SPECIALIZES IN INSURING JEWELRY. THEY OFFER A PERSONAL JEWELRY INSURANCE POLICY TO CUSTOMERS OF THE JEWELERS WHO ARE INSURED BY THEM.  IF YOU WOULD LIKE ADDITIONAL INFORMATION ABOUT THIS POLICY, PLEASE INQUIRE WHEN YOU MAKE YOUR PURCHASE. YOU CAN ALSO CALL THEM DIRECTLY AT JEWELERS MUTUAL 888-884-2424 OR VISIT THEIR WEBSITE.

 YOU CAN NOW GET YOUR JEWELRY INSURED BY A WELL RESPECTED COMPANY THAT OFFERS GOOD RATES.  THE MAIN REASON FOR CHOOSING THEM IS THAT IF YOU HAVE TO MAKE A CLAIM, YOU ARE ALLOWED TO GO TO ANY JEWELER THAT YOU WANT.(WE WOULD LIKE YOU TO COME BACK TO US).  IF YOU HAVE INSURANCE FROM ANOTHER COMPANY THEY MIGHT MAKE YOU GO TO THEIR JEWELER OR YOU MIGHT NOT GET THE SAME QUALITY WORKMANSHIP THAT YOU HAD WITH YOUR ORIGINAL SOMEONE YOU DON'T KNOW.  PLEASE NOTE THAT WE HAVE NO FINANCIAL OR ANY OTHER INCENTIVE WITH THESE POLICES.