Do you have a treasure trove of gold, platinum, diamond and gemstone jewelry? Do you want to sell antique or vintage pieces you inherited to purchase sparkling modern jewelry pieces? Professional jewelry appraisal services can help you secure the value of your coveted collection and maximize your profit.
How Can Jewelry Appraisal Secure Your Jewelry’s Value?
Professional and certified companies providing jewelry appraisal services, like Prestige Valuations, offer expertise. Skilled jewelry appraisers will assess the jewelry’s appearance along with various factors to determine its fair market value.
Prestige Valuations also provides luxury handbag valuation and watch appraisal services.
Evaluating The Condition:
Jewelry appraisers evaluate the condition of the piece. If the piece shows wear and tear or if its damaged, then its value will be lower compared to a piece in mint condition. A jewelry piece in excellent condition will not have any scratches or visible signs of wear.
Quality Of Materials:
It is crucial to assess all precious metals and gemstones used to craft the piece. Precious metals most preferred for making jewelry are yellow gold, white gold, platinum and silver.
Gold’s purity is measured in karats and is mostly available in 24K (100% pure gold), 18K (75% purity level), 14K (58.3% purity level) and 10K (41.7% purity level).
Brand and Craftsmanship:
Luxury jewelry brands like Cartier are valued higher and even rise in value over time. Intricate jewelry design and impeccable craftsmanship also result in higher resale value.
History and Ownership:
Your heirloom jewelry piece might have an interesting history. A jewelry appraiser will try to find out its previous owners, especially if your piece was owned by a celebrity. A celebrity owned jewelry piece can fetch a whopping amount at auctions.
They will also determine the era your piece was manufactured. Every era has its style and features. Antique and vintage jewelry pieces fetch higher prices on the secondary market. If you have a receipt, original box and documents, it can prove your ownership and get you a better deal.
Market Demand and Trends:
An experienced jewelry appraiser will research the demand for your type of jewelry in the secondary market. They will also study the current market trends as the value of jewelry changes with market fluctuations. Market demand and trends help them accurately assess the value of your jewelry. Just how jewelry appraisal is essential for insurance or selling purposes, you must get handbag valuation and watch appraisal for your coveted collection.
Certified and professional jewelry appraisers use their knowledge, skills and resources to determine accurate market value.
Comprehensive Appraisal Report:
The reward for seeking help from a certified appraisal company is that you get a comprehensive appraisal report. This certified document will be useful in getting insurance for your jewelry. It will also be used for estate planning and selling purposes. An appraisal can bring transparency and trust to the buyer. It will also be helpful when negotiating.
The appraisal document will include details of your jewelry such as the precious metal, its weight, quality and types of diamonds and gemstones, era of manufacturing, craftsmanship, brand, ownership and authenticity. The report will also accompany high quality images of your jewelry from all angles.
An appraiser will let you know about the special features of your jewelry. They will also inform you about various factors, which can impact the value of your jewelry in the secondary market.
Reselling Jewelry: Pitfalls To Avoid
Selling gold and diamond jewelry can be an overwhelming task. Below we are mentioning some tips to avoid making common mistakes when reselling your jewelry:
- Don’t let your emotions overpower your decision. A jewelry piece may have sentimental value, especially heirloom piece, but its appraisal value will not be the same. If you do not want to regret your decision later, it is suggested not to take any decision based on your emotions.
- Undervaluing your precious pieces can be a big mistake. It is recommended that you get a jewelry appraisal to know the accurate fair market value of your pieces.
I hope after reading the article, you now know how professional jewelry appraisal services can help you maximize your profit when reselling.
