Your Guide to Appraising Fine Jewelry
Whether it is a diamond engagement ring or a vintage brooch from your grandmother, understanding the value of your jewelry is essential. Fortunately, it is easy to get a more accurate value — beyond guesswork — by obtain a jewelry appraisal. If you have never had your pieces appraised or are not sure when to do it, this guide will help you understand the why, when and how of jewelry appraisals.
What Is a Jewelry Appraisal?
A jewelry appraisal is a formal evaluation of a piece. The appraisal gives the current value as of the time of issuance, usually conducted by a certified professional. The appraiser will assess the materials (like gold, platinum, diamonds or other gemstones), craftsmanship, brand (if applicable) and overall condition to determine the item’s worth. They base the worth on what similar pieces are selling for or could reasonably be expected to.
Unlike a simple estimate, an appraisal is a written document that is often used for insurance, estate planning, resale or legal purposes. It includes detailed descriptions, measurements and sometimes photographs of the item. An appraisal is based on fact, not feelings.
Why You Might Need an Appraisal
There are several reasons you might need an appraisal:
- Insurance: To ensure your pieces are properly covered in case of loss, theft or damage.
- Resale: To help set a fair price if you are planning to sell your jewelry.
- Estate Planning or Divorce Settlements: To divide assets accurately.
Many people get an appraisal out of curiosity and are surprised to learn how much their jewelry is worth — or that it may need to be reappraised over time due to market fluctuations.
When to Get a Jewelry Appraisal
Experts recommend getting your jewelry appraisals updated every three to five years, especially for high-value pieces, heirlooms and anything requiring insurance. Gold and gemstone markets can shift significantly, and insurance companies typically require current appraisals to approve claims.
You should also get an appraisal if:
- You have just inherited or received a valuable piece
- You are purchasing estate or vintage jewelry
- You have not had one in several years
If you plan to insure a new purchase, your jeweler may even provide an initial appraisal at the time of sale.
At Na Hoku, you can request an appraisal that serves as a retail replacement document, which is typically accepted by insurance companies. This type of appraisal reflects the item’s full retail replacement value and differs from an independent third-party appraisal, which may be required in some legal or resale situations.
Choosing a Qualified Appraiser
Not all jewelry appraisers are equal. Look for professionals who are certified by reputable organizations like the American Gem Society (AGS), the Gemological Institute of America (GIA), or the National Association of Jewelry Appraisers (NAJA). These experts must follow strict standards and guidelines and typically have extensive training in gemology and valuation, allowing them to get the most accurate price.
Peace of Mind Through Proper Valuation
Getting a professional jewelry appraisal is not just about assigning a dollar amount, it is about protecting your investment and understanding what you own. Whether you are looking to insure, sell, or simply cherish your jewelry, a current appraisal gives you the confidence and clarity you need.
Your jewelry holds more than value — it holds meaning. With a professional appraisal by a qualified expert, you can ensure your treasured pieces are properly valued, protected, and ready to be cherished for generations.