At UniQ Jewelry Gallery, we provide you with the piece of mind to enjoy wearing your jewelry as often as you'd like.
WHAT IS A JEWELRY APPRAISAL?
A jewelry appraisal is the process in which a certified professional examines and states a dollar-value for a piece of jewelry. There are 27 types of appraisals that suit different purposes. For example there are a few for tax purposes, some for insurance purposes, and others for reselling purposes. Within a jewelry appraisal, both the precious metals and gems are considered.
WHY DO I NEED A JEWELRY APPRAISAL?
- By far, the most important reason is for insurance purposes. Over the years, the value of your jewelry and gemstones can fluctuate greatly. If your last appraisal is over two years old it may be out-of-date and, as a result, your jewelry could be insured for less than its replacement value. That means you risk a substantial financial loss if your jewelry is lost, stolen or damaged.
- If you are unsure of the specifics about your jewelry. We will help you identify the gems, metals, and quality of the jewelry you own or have inherited.. We will give you an accurate, in-depth appraisal that will help you understand what you have and possibly avoid paying excessive premiums or underinsuring your jewelry.
- You may also want to determine the value or authenticity of your jewelry for estate and tax purposes, divorce settlements, donations and loans.
COMMON APPRAISAL MISCONCEPTIONS
Myth: I don’t need an appraisal if Ihave a credit card receipt that shows how much I paid for the jewelry item.
Truth: A credit card receipt likely won’t provide enough information. Insurance usually requires a detailed description of your jewelry, which you will find on an appraisal.
Myth: I can use an appraisal that was done when the jewelry was purchased.
Truth: Jewelry values fluctuate. To ensure you're covered for the right amount, use an appraisal that was done within the past 18 months.
Myth: I have homeowner's insurance. If I lose my jewelry, I am automatically covered?
Truth: You are not covered for loss or damage unless you have your jewelry appraised and scheduled separately.
How can we meet your appraisal needs? Reach out today!