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When to Appraise Jewelry You need to consider getting insurance appraisal jewelry in these instances: When you acquire a new piece of jewelry of significant value, you establish its current market value and form the basis for insurance coverage. Owner’s information (name, address, contact info) Metal type and composition (e.g.,
The diamond may have the same color and clarity grade, or it’s gemological specifications may be close. The type of value before and after the loss will be dictated by the client and is based on how the insurancepolicy is written or the particular situation at hand. It has similar qualities. You end up with a new ring.
Jewelry appraisals are required for most insurancepolicies. Jewelry appraisals are typically performed by a certified and qualified professional with expertise in gemology, jewelry, and appraisal techniques. They may have certifications from gemological institutes or appraisal organizations.
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