Learn about Jewelry Appraisals

INSURANCE REPLACEMENT APPRAISAL
An insurance replacement appraisal is the type needed to properly insure your jewelry against loss or damage through your insurance company. This appraisal will give you the approximate cost of replacing the item or recreating it as closely as possible at a retail value. Therefore, the appraisal should take into consideration the current retail prices, the cost of labor, material, creative design and the precious stone market and any other factors needed to replace your item exactly. The estimated replacement costs are based only on estimates of the quality of the gems (unless specifically stated that the gems were removed and graded). Even if removed, slight differences may occur between grades given by our accredited professionals and those given by others. If outside laboratory grades are given, they will be identified by laboratory report and number ( an example is shown below with the GIA certificate). We assume no liability with respect to any action which may be taken on the basis of the appraisal. Please call to schedule an appointment at 814-868-1910. 

ESTATE APPRAISAL
The purpose of an Estate Appraisal is to establish the Fair Market Value in the most common and appropriate jewelry markets, in order to provide a basis for estate management. This requires an appraisal of the cash value of an item, based on what a willing buyer and a willing seller would agree to without a forced sale at the time of the appraisal. An estate evaluation often consists of a number of pieces of jewelry, a variety of types and current condition. An estate appraisal is based on the premise that the collection is to be liquidated. Since it does not consider selling costs nor current prices for labor or creative design, this type of appraisal is normally lower than appraisals for replacement value. Estate appraisals are mostly used by those who wish to liquidate their jewelry. Please call to schedule an appointment at 814-868-1910. 

APPRAISAL UPDATE
We recommend that your appraisal is updated every 3 to 5 years depending on the ever changing jewelry market. We recommend that you check annually with your insurance agent about the necessity of updating your appraisal as each insurance company is different on what they require. This will ensure that your insurance policy remains current, and in the event of a loss, you will be covered. 

INSURANCE APPRAISAL IN ERIE PA
No matter how careful you are, you can't eliminate the risk of losing or severely damaging your jewelry. Like anything else of value, you will want to consider getting an insurance policy for your favorite pieces. However, you won't know the type of coverage you will need unless you know the exact cost of replacing a certain item from your collection. To offer the best possible service, our insurance appraisal takes the cost of the metal, diamond, labor, and design into consideration. At Dahlkemper's Jewelry, we take into consideration the current market value of gold and diamonds and what the value would be known as Retail Replacement Value, to create your special piece "new" today.  Our charges vary based on the number of items you have to be insured and what type of appraisal you are looking for. Please call us at 814-868-1910 with any questions.