Wednesday, September 21, 2011
With today's soaring prices of gold and with no end in sight, have you looked at your jewelry and was wondering what your pieces are worth. I can assure you that if you have not had them appraised or re-appraised in years, their value is substantially higher.
Imagine owning piece a piece of jewelry that was appraised several years ago with a replacement value of $2,000.00. Years pass and the value has increased to $4,500.00 Now if that piece is lost or stolen, and the appraisal is not current, the replacement value will be based on the $2,000.00 value.
It is very important that your jewelry is appraised by a certified appraiser. An appraisal certificate will outline all the details of the item, i.e. size of stone, karat of gold, weight, type of metal, unique features, current market value and will have a photography of the jewelry item.
If your jewelry is lost or stolen, the first thing an insurance adjuster will ask you is if you have a current appraisal certificate.
Don't take any chances, look through your jewelry and have your most valuable pieces appraised/reappraised.