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Identification. In some cases, positive identification may require the opinion of a recognized expert who may or may not be the appraiser. Even after many years, it is simply not possible to keep prices for anything and everything in our heads, ready to be quoted at a moment's notice. So, how do they do that? What is it made of?
When creating a will or trust, it's crucial to have an accurate assessment of the value of jewelry assets to ensure equitabledistribution among heirs. Identification Documents: If the gemstone is rare or valuable, additional identification documents may be required to verify its authenticity.
All appraisal reports written in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) have to include identification of the level of the market the appraised values are set in and the effective date of the valuation.
But there are other reasons as well, such as settlement of an estate, donating a piece or collection to an institution, equitabledistribution in a divorce, or wanting to know an accurate market value before selling a work. A past appraisal is interesting and provides some preliminary identification information.
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