Why Do I Need My Jewelry Appraised?
People want their jewelry appraised for any number of important reasons, but primarily, your jewelry should be appraised for insurance purposes. The value of your jewelry will change over time due to market factors like changes in fashions and the value of precious metals.
For example, in 2012, the price of gold skyrocketed to over $1,900/oz, and these rapid fluctuations in price affect every precious material differently. Also, the quality of your jewelry will vastly alter the amount of money you can expect for your piece. Donâ€™t end up unpleasantly surprised when you take a family heirloom to be sold and find out that an unseen crack in the diamond has shaved thousands off its value.
Another important reason to have your jewelry professionally appraised is to make sure that your jewelry is continually insured. Insurance companies wonâ€™t rely on personal assessments, so if your jewelry is lost or stolen, you run the risk of having your treasures replaced at far less than their actual value.
Since the value of your jewelry can appreciate and depreciate based on subtle changes, it can be tricky for laypeople to keep track of the trends in the world of jewelry. Itâ€™s important to have your pieces appraised by professionals like the ones at Long Jewelers. Weâ€™re regarded as the Tidewater areaâ€™s most trustworthy source of appraisals thanks to our fully accredited Gemological Institute of America (GIA) Appraiser on staff, Laura Newton, as well as our other associates with GIA training.
The Jewelry Appraisal Process
Our GIA-certified experts are skilled at appraising your jewelry to give it an insurance-friendly paper trail. Here at Long Jewelers, our professional opinion is that you should get a new appraisal every two years to strike the right balance between the cost of appraisal and peace of mind.
Two years is our general advice about appraisal, but altering your jewelry can alter its value. Alterations include replacing jewels in a piece, changing the size or design of a ring, or having new designs added. If you take advantage of our custom jewelry design, remember that our appraisers can assist you in determining the value of your new piece.
Make Long Jewelers Your First Choice for All Your Jewelry Needs
For years, Long Jewelers has stood out as the Tidewater areaâ€™s most trusted source of luxury jewelry and top-shelf services, and our appraisal skills bear that out. In addition to appraisal, we also offer other amenities, including jewelry and watch repair, gold buying, and custom jewelry design. If youâ€™d like to find out more about our jewelry appraisal or other services, donâ€™t hesitate to contact us at (757) 498-1186 or visit us at our Virginia Beach, Virginia showroom today!