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Appraisal: The First Step in Selling Jewelry

Appraisal: The First Step in Selling Jewelry

2017-11-04

Before you sell your jewelry, you should always have it appraised. Why is an appraisal important, and how do you know that you're getting a good appraisal? You can continue reading below to learn more.

Jewelry appraisal

How Important Is It?

Without an appraisal, you're effectively flying blind. Even if know how much you paid for the piece of jewelry, prices and demand can change. As you know, the market fluctuates. Additionally, it's always important to remember that the appraiser works in the business of jewelry. An antique family heirloom might have a lot of sentimental value, but that will never be judged by an appraiser. Their job is simply to tell you what the piece is worth, as accurately as they can. That's going to take many factors into consideration, such as cut, quality, clarity, and current market demand, but emotion is never taken into account.

Red Flags

Some appraisers and businesses are going to be more reputable than others. That being said, there are a number of red flags than can tip you off to an unscrupulous appraiser. First, you should always be charged a flat fee for an appraisal. The value of the item should never be a consideration, so there should never be a percentage fee charged. There should also be a very clear explanation of the grading system that's being used. If you have questions about what certain terms mean, go ahead and ask. An honest appraiser will be happy to explain. Any limitations on the report you receive should also be specified. Different reports are used for different purposes, such as insurance, auctions, or retailers. Keeping that in mind, the appraiser should always ask you the purpose of your appraisal.

Where to Go

A professional and reliable appraiser is not hard to find if you know how and where to look. The Better Business Bureau (BBB) is a good resource for companies in general, but there are organizations specifically dedicated to jewelry and diamonds. The American Gem Society, GIA Alumni Association, The Jewelers Board of Trade, and the Polygon Jewelry Network are all respected and established professional organizations. If your appraiser is a member of or endorsed by one or more of these organizations, you can be assured that he or she knows the work and is ethical. Keep these groups in mind whenever you're researching where to sell diamond jewelry in Atlanta.

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