Happy Birthday September Babies!

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Sapphire is the official birthstone for the month of September and is the gemstone suggested for fifth and 45th wedding anniversaries. Sapphire has been popular since the Middle Ages but gained global appeal in 1981 when Princess Diana was engaged. Her ring was designed using a 12 carat oval blue Ceylon sapphire surrounded by 14 round brilliant cut diamonds set in 18 karat white gold.

Famous for its glorious blue color, sapphire is a variety of the corundum species. Due to its natural trace elements, sapphire comes in a range of colors including yellow, pink, purple, green, orange, white, colorless, and brown. When the trace elements are iron and titanium, the corundum is blue sapphire. Only a few hundredths of a percent of iron and titanium can cause the color, and the more iron the corundum contains, the darker the blue.

Are You Sure Your Jewelry Is Covered?

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Most jewelry appraisals are done for obtaining insurance coverage. If you have jewelry to insure, then you will most likely need an appraisal. Consult with your insurance agent for more information. An insurance appraisal is used to determine the retail replacement value of a jewelry item. Most insurance companies provide a minimum amount of jewelry coverage under a client’s homeowner’s policy. Other insurance companies require a separate personal properties policy for coverage. Check with your insurance agent to see what is covered and how much. For any item valued at $1,500 or more, we recommend that it be insured. Most engagement rings and wedding sets fall into this category. Also, if you have any item that you consider to be priceless that means a lot to you, it is strongly recommended that you insure it. Talk to your insurance agent. You will be pleasantly surprised at how affordable it is to insure your jewelry.

Appraisal versus Valuation – What’s the Difference?

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An appraisal is a detailed, written analysis of a jewelry item, including gemstone identification, grade, measurements, and weight. Additional testing is performed on diamonds ½ carat in size or larger, such as plotting and fluorescence. The appraisal report explains how the gemological testing is done, what equipment is used, definitions of replacement value, the approach to value, and the market selection. The value of the item is listed, which is influenced not only by the quality of the gemstones but also the quality of the item’s craftsmanship. Appraisals are usually done for insurance purposes and sometimes to determine fair market value (FMV).

The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts. The buyer is assumed to be the ultimate consumer or end user of the property. FMV can be retail, auction, wholesale, or scrap, depending upon what is considered to be the most appropriate market that the property is sold in.

A valuation is typically not written and includes identification and analysis of the gemstones and metal in the item, as well as its quality. Most valuations are done to determine fair market value.

Appraisal and Valuation Appointments – Here’s The Scoop

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All appointments are scheduled at your convenience. At your appointment, we will clean, identify, measure, weigh, and grade your jewelry. You will leave with your jewelry. Payment for any services is due at the time of the appointment.

Jewelry is photographed for all appraisals. The appraisal is completed after the appointment. You will receive the appraisal report via email within 7-10 business days, if not sooner. Printed copies are available for an additional fee. Most appraisal appointments are scheduled for one hour. Longer appointments may be needed for multiple or complex items.

Valuation appointments are scheduled based on the type and amount of jewelry you have to be identified and valued. Typically we start with a one hour appointment and you prioritize the order in which items are analyzed. Often clients bring more jewelry to the appointment than expected, which is fine. We always leave time in our schedule to accommodate our clients and with their approval, extend the appointment. Most valuations are done at the appointment. When valuing estate jewelry, sometimes additional research is required, particularly for period items. In this case, the jewelry is photographed for further research.

What Exactly Is Estate Jewelry?

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Estate jewelry, by definition, is any jewelry that is pre-owned (not new). It does not have to be antique, from a specific time period, or a gift. Do you have jewelry you can’t identify? Don’t know what your jewelry is worth? We can help! Many of our clients have jewelry of unknown identification or value. We can identify your jewelry and tell you what it’s worth. Estate jewelry that needs to be valued requires a valuation but not necessarily an appraisal. We do consultations to identify the gemstones and/or diamonds and metal karatage to determine what you have and whether you should keep it, sell it, insure it, or scrap it, as is often the case with outdated gold chains. We determine the fair market value. We can also prepare a written appraisal report for you, if needed.