Appraising is a procedure that requires extensive gemological training and market expertise. Our expert appraisals are appropriate for insurance replacement and estate valuations. Each appraisal is performed by a Gemologist Appraiser in our state-of-the-art gemological laboratory and is accompanied by a written detailed description and photograph.
Your appraisal is needed to insure your jewelry. Each valuation provides you with the estimated cost of replacing the item or recreating it as closely as possible. Antique items are given a replacement value with a comparable item that may not be an exact duplicate. Taken into consideration are current market prices, labor costs, creative design as well as other market activity. Each valuation is provided as an estimate of replacement value and not intended to be used for your other appraisal needs as a basis for a purchase price of the item.
We will keep a copy of your appraisal with our records, which may be referred to at any time. As a guide, appraisals should be updated every three years, unless large fluctuations in precious metal or gemstone prices warrant an earlier reassessment.
Retail Replacement Value – cost to replace in current retail market. Used for:
• Insurance Appraisal – value for insurance coverage.
• Damage Report – value that has changed due to damage to a piece.
Fair Market Value – value at which an item (in a non-forced sale) would change hands with a willing seller and willing buyer. Used for:
• Estate or probate
• Divorce settlement
Insurance Protection – with an Arthur Groom & Co. jewelry appraisal you will be able to obtain adequate insurance protection should your jewelry become lost or stolen.
Inflation Protection - a current Arthur Groom & Co. appraisal will determine if your jewelry is adequately insured and insure against changes in market conditions.
Identification – a written Arthur Groom & Co. appraisal is accepted as proper identification in proving a claim or proving ownership if traveling to a foreign country.
A detailed written document describing jewelry’s design, metal content, gem identification and grading including size, carat weight and cut. The appraisal will also include photographs of the jewelry, quality or workmanship and an opinion of value.
To insure accurate assessment of your jewelry bring ALL DOCUMENTATION you have. This includes laboratory certifications, sales receipts, old appraisals etc.
Appraisals should be updated once every 2 to 3 years for inflation purposes and changes in market conditions - most insurance companies require it.
In some intances, with an appointment you can wait while your jewelry is being evaluated. The detailed appraisal report will follow.
$185.00 per hour (1 hour minimum). Appointment is mandatory. Evaluation with client present and supply written appraisal document the same day.
$150.00 per hour (1 hour minimum). Appointment is mandatory. Evaluation with client present and supply written appraisal document in a week to 10 days.
$125.00 per hour (1 hour minimum). Appointment is NOT mandatory, but strongly reccomended. Evaluation when client leaves the jewelry with us to be returned to the client at a pre-determined time. Itemized receipt is provided to client that day, and written appraisal document supplied in a week to 10 days. All jewelry is kept in our safes and covered by our insurance while in our care.