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So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. These scenarios reflect the all-too-common struggles encountered in jewelry valuation. What do Jewelry Appraisers Do?
As defined in The International Society of Appraisers, Core Course in Appraisal Studies 2021 pg. GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” After the inspection starts the valuation process. What is an Appraiser?
Areas of interest include tax valuation issues and litigation support for appraisers from engagement to trial. In 2021, I was elected to the ISA board of directors where it has been a privilege to serve with an outstanding group of dedicated board members.
An appraisal provides an accurate valuation based on the current market. According to the recent Contemporary Art Market Report in 2021 ( [link] ) sales have doubled over the previous reporting period, with a strong balance of supply and demand. Interestingly, sales of contemporary art in particular have excelled.
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