Importance of Jewelry Appraisals
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.
Types of Jewelry Appraisals
Replacement Value – cost to replace in the 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 would change hands with a willing seller and willing buyer. Used for:
• Estate or probate
• Divorce settlement
• Interest in selling
Arthur Groom & Co. Jewelry Appraisals Include
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 ensure 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 instances, 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.