Types of Appraisals
Insurance / Retail Replacement
This report is most commonly referred to as an insurance appraisal. This type of report is necessary for insuring your items against loss or damage.
The accuracy and detail included in this report makes it possible to identify or have exact duplicates recreated of these precious items should they ever be lost or stolen.
Click here for a sample appraisal
Assurance Inventory Appraisals
An inventory of your uninsured jewelry is A MUST in the event of a loss or passing. For a reduced fee, we will photograph and place a retail value on your items. - This is NOT for Insurance purposes, but a great way to catalog your jewelry for future reference- Loss, Estate, etc...
Estate (Probate) Appraisals
This report is for estate evaluation purposes and is necessary to determine inheritance taxes on an estate. Jewelry values for estates are legislated to include specific information and data. Fair market value is used for this type of valuation and it is always necessary to include comparable sales.
Equitable Distribution
Determines value of the piece so that collectively the jewelry
can be divided equally to family members/friends. These appraisals can be done
before or after the passing of the owners.
Usually a fair market value is used ( less than normal retail )
Quality Confirmation of a New Purchase
This report is to verify that the diamond you recently purchased is what the retailer represented it as. A complete quality analysis is done and findings are compared to the major laboratory certificate if accompanied with one. The retail replacement value is determined based on the gemological evaluation and stated in the final report. This report can also be used for insurance scheduling.
Liquidation Appraisals (Bankruptcy etc.)
This appraisal value is determined when an owner decides to convert jewelry items into immediate cash by re-selling them. The sale can be held under forced or limiting conditions and with time constraints, depending on the circumstances and or how the items are sold
Divorce Settlement/Dissolution of Marriage
This is a fair market value report for an equal division of common property.
State Laws Apply
Damage Report
This report expresses the difference in value resulting from breakage and estimates the cost of the removal, re-cutting and resetting of the gemstone, as well as the value of the re-cut gemstone (loss of weight).
Donation
These reports are based on fair market value and are necessary for tax deductions of donated items.
Post Loss
This report establishes the value of a previously undocumented item that was lost or stolen. This is a hypothetical
valuation based on information supplied by the client and supported by photographs and a description of the item
Casualty Loss
This report determines the fair market value of a lost, stolen, or destroyed item not previously documented. The IRS allows an income tax deduction of some portion of the value with a proper casualty loss appraisal.