FAQ About Appraising
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1. Why should you have your jewellery appraised?
2. Who should be appraising your jewellery and gemstones?
3. What do all the qualifications mean?
There are numerous gemmological designations, some more noted than others. A few of the important ones are:
4. How often should you appraise your jewellery and gemstones?
5. What is the difference between a grading report and a jewellery appraisal?
- For insurance purposes
- If you are buying or selling a piece, especially through the internet
- For the liquidation of assets
- When there is a Tax investigation of an estate
- Before the distribution of an estate
2. Who should be appraising your jewellery and gemstones?
- An appraiser qualified in jewellery appraisal regulations
- A professional appraiser with an accredited gemmological qualification
- A person who understands the jewellery market through years' of experience
- An appraiser who undergoes continued education following the changes in the gem industry
- An independent appraiser who can act as an impartial third party, and is not involved in buying or selling the piece
being appraise
3. What do all the qualifications mean?
There are numerous gemmological designations, some more noted than others. A few of the important ones are:
- "G.G" meaning Graduate Gemologist, a diploma earned from the Gemological Institute of America, one of the top
gemmology schools in the world. - "F.G.A.", the coveted initials earned when qualifying as a Fellow of the Gemmological Association of Great Britain
- "RMVP" meaning Registered Master Valuer Professional, a qualification in jewellery appraisal practices
- "NAJA" meaning National Association of Jewelry Appraisers, an association to promote professionalism amongst
appraisers - "AGA" meaning Accredited Gemologist Association, a network organisation for the sharing of gemmological
information and skills
4. How often should you appraise your jewellery and gemstones?
- It is recommended that you update your appraisal every two or three years
- Appraisals of jewelry with large gemstones should be updated more often than the appraisals of all gold jewellery
- Jewellery appraisals should be updated when there is an economic crisis
- Jewellery should be appraised when there is a large change in the price of precious metals, like gold and platinum
- When there is a change of ownership of items of jewellery, they should be appraised
5. What is the difference between a grading report and a jewellery appraisal?
- A gem grading report, also called an identification report, describes the gemmological information of the gemstone
- A grading report does not list the value of the gem or item of jewellery
- A grading report does not list the ownership of the gem or item of jewellery
- An appraisal evaluates the gemstone or item of jewellery and determines the insurance or market value thereof
- An appraisal and grading report are often used jointly, where the appraisal determines the value described in the
grading report
| Liz Burnett, G.G., RMV for Jewellery Appraisal Gem Identification |
| Liz Burnett, G.G., RMV for Jewellery Appraisal, Gem Identification and Art Appreciation |
| ___________________________________________________________________________________________________ Website Designed by Liz Burnett - liz_burnett@yahoo.com Last updated: 05/2011 © Sea to Sky Artworks Ltd, 2008. All rights reserved. |