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What
is a Jewellery Appraisal?
An
appraisal is a written professional opinion as to the authenticity,
quality, design and estimated value of a piece of jewellery. Since it
is an opinion, backed and supported by education, training, equipment
and experience, it is important to understand that there can be honest
variations between competent appraisers.
Why
should you
have your jewellery appraised?
The
most common reasons for obtaining an appraisal are:
1. Insurance purposes, against loss,
damage, or theft.
Updates are recommended every 3 to 5 years
2. Estate/Probate purposes ie. Fair
Market Value
3. To confirm the quality of new purchase
4. To confirm the value of any purchase
5. To find out the appreciated value
of present jewellery or heirloom
6. Identification of stones and authenticity
of metals
7. International travel purposes (U.S.
and Canada Customs)
Who
is qualified to appraise your jewellery? 
The
Gemologist
- a
professional who has had extensive gemological
training and has passed intensive written and practical examinations
to obtain his/her degree.
The
gemologist/appraiser must have years of experience and knowledge
in evaluating gems and jewellery
based on accurate information from the
marketplace ie. pricelists, trade publications, etc.
The
gemologist must constantly keep current with the ever-changing
gemological technologies and market developments. He/she must be
using modern techniques and equipment in order to conduct their tasks.
Why
choose to
appraise your jewellery?
The
Graduate Gemologists at International Gemological Laboratories have
been appraising, identifying and valuating gemstones and jewellery since
1981.
IGL's
policy is simple... We never buy nor sell gems and jewellery, thus
ensuring a consistent, unbiased, professional opinion every time you appraise
your jewellery with us. We believe in maintaining our great reputation
by
guaranteeing the highest standard of quality service.
What
details should be on the appraisal?
1.
Identification of all stones, their shape, dimensions, and approximate
weights.
2. A quality analysis, based on the
Gemological Institute of America (GIA)
system of grading.
3. All diamonds must be graded as
to their colour, clarity and cut.
4. Coloured stones must be graded
as to their colour (hue, tone & saturation),
clarity (degree of flaws), and cut (proportions).
5. All metals must be described as
to their content, stampings, setting styles,
design and gram weight. Also noting engraving (if any)
6. The appraisal certificate must
be numbered, dated, signed and sealed by
the gemologist.
7. An estimated retail replacement
value or estate value must be clearly stated
on the certificate.
How
to make an insurance claim?
- Contact
your agent or insurance company to inform
them of the loss or damage.
- Have
your insurance adjuster contact the gemologist
/appraiser who appraised the jewellery to further assist
in proper replacement of the item(s).
- Ensure
the replaced piece is comparable to the original
item by bringing it and the original appraisal to the gemologist/appraiser
for confirmation.
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