What Is a Gold Jewelry Appraisal?

If you are a gold buyer, you probably wonder how to estimate the value of your jewelry and what things the appraiser will look at in measuring its value. An appraisal document is issued to indicate the specific value a piece of jewelry is worth.

To give your jewelry value, the appraiser will check on the condition of the piece, check for any gemstones and their characteristics. They will also check the metal value. According to Wealthysinglemommy.com, jewelry with higher gold percentages is more valuable. Suppose your jewelry has higher gold percentages, it would be worth more than those that don't. Appraisers measure the amount of gold in jewelry in Karats, the highest value being 24 karats, the highest gold metal value. These are just a few of the criteria used in the appraisal.

Common Uses of the Appraisal Results

One of the most common reasons you should have jewelry appraised is insurance. The insurance company will request an appraisal document regarding the insurance value of jewelry and the premium you will be required to pay. For gold buyers, jewelry with higher gold percentages will most likely have a higher insurance value than other metals.

If you lose your jewelry, or it's stolen, the detailed description in the appraisal acts as a reference when collecting insurance and identifying your jewelry once found.

There are many instances where you might require written proof of the actual value of your jewelry, especially if you intend to use it as collateral. Having a reliable appraisal comes in handy in such cases.

Do You Need to Get Your Jewelry Appraised?



If you are a gold buyer, having your jewelry appraised could be of great help, and it would be best to have it done. We highly recommend this, especially if your jewelry is expensive. It would be unnecessary to pay for an appraisal for cheap jewelry, but if your jewelry has gold worth thousands of dollars, it's crucial to have it appraised.

If you plan to insure your jewelry, ensure that the jewelry is appraised for the correct insurance value. This assures you that you will be paid the correct value of your jewels if they get lost or stolen.

Who Can Appraise My Jewelry?

Jewelry appraisers have training in gemology and valuation. In most cases, the insurance company will require an independent professional appraiser to carry out the process. It is crucial to check if the jeweler appraiser has undergone any training and is certified by the American Society of appraisers.

If you are a regular gold buyer, always pay attention to the reputation of the people you will trust with your precious jewelry. Come to We Buy Gold for high-quality service. We would also highly recommend buying your gold jewelry from reputable sellers.