Be aware of these 5 jewelry appraisal myths:
- Myth – All Jewelry Appraisers are the same.
Fact – Unlike Real Estate Appraisers, Jewelry Appraisers are not required to be licensed. Look for an Appraiser who is a GIA Graduate Gemologist and has been credentialed through an Appraisal Organization, i.e, International Association of Appraisers, American Society of Appraisers, or National Association of Jewelry Appraisers. These organizations offer education in Appraisal Theory and Methodology, require formal education related to the specialty practiced, and review the work conducted by the appraiser.
- Myth – By-appointment appraisal services are expensive.
Fact – Kahle Appraisals’ service fees are competitive with jewelry stores who offer the service. Service fees with large jobs (15+ items) are even more affordable, often averaging $35-$55 per item.
- Myth – Jewelry increases consistently in value.
Fact – All precious metal, gemstone, diamond, and pearl markets move independently of one another; and sometimes decrease in value.
- Myth – Automatic inflation bumps on insurance policies eliminate the need to update jewelry appraisals.
Fact –Advise your client to update the appraisals of their collection at least every 5 years. This prevents duplicates, catches condition issues, discovers newly acquired items that are not yet covered, removes items the client may have sold or handed down to a family member. It also accounts for any extraordinary changes in market values.
- Myth – Motivating my client to get their jewelry appraised is a pain.
Fact – It’s as easy as a-b-c:
- Connect your client with Tracey Kahle in a shared email.
- Tracey follows up with client to schedule appraisal appointment and handles any details or questions.
- Upon completion, Tracey immediately emails the new appraisal to you.
