What should you look for in an appraiser?
When you obtain a jewelry appraisal or report, you have the right to expect a professional treatment. Look for an appraiser who provides you with:
1) An estimate fee that is not based on the final appraisal value of your jewelry.
2) A professionally executed appraisal or report that uses the methodology warranted by the purpose of the appraisal.
3) A clearly explained description of any grading system used for evaluating either diamonds or gemstones, in language you understand.
4) A statement of total value, applied to the appraisal report in a manner that cannot be altered, such as with a seal.
5) A clear explanation of the appraisal or report’s limitation of use. (For example, an appraisal performed for insurance purposes can be used for that purpose only.)
6) A courteous and respectful discussion, during which any questions you have are answered.
–Source: American Gem Society
Why do I need an appraisal?
An appraisal protects you. It helps define your insurance policy and assures a comparable replacement in the event of a loss. Your appraisal assists in dividing the family jewels in a fair process. Your appraisal defines fair market value in the event of a divorce. An appraisal may be required in estate probate.
How is an appraisal conducted?
The appraisal process involves two primary components – evaluation and valuation.
Evaluation includes a comprehensive gemological examination of your jewelry and gems, noting quality, craftsmanship, authenticity, and origin. Each of these aspects plays a role in the value of the piece.
Valuation involves thorough research of the current market. A professional appraiser doesn’t set prices; rather reports prices determined by the market relating to the item being appraised.
Included in the actual appraisal are: color photographs of the jewelry item, a detailed description of the diamond(s), metal content determination and weight, gemstone identification including grading, measurements and weight calculation/estimation and valuation at appropriate market level.
Can you tell me if my jewelry is worth appraising?
Yes, this can be determined during our initial consultation.
Do I need to leave my jewelry to have it appraised?
Only if you wish. You may sit and observe Tracey conduct the gemological exam. Or you may wish to relax in the lounge of Kahle Appraisals’ office. Or you may leave your jewelry and pick it up when the appraisal is complete.
Why choose Kahle Appraisals?
You can expect to receive professional service at Kahle Appraisals. For unbiased and accurate information, seeking out an independent appraiser is your best bet. Tracey has the skills, experience, and equipment necessary to make certain you are protected in your specific situation.
How should I prepare for an appointment with Kahle Appraisals?
Be sure to bring any paperwork related to the pieces to be appraised, including any laboratory documents (“certs”), old appraisals, and receipts. Bring any questions you may have. Tracey will be happy to discuss them with you.
I have a “cert” or lab report, but I want the appraiser’s opinion of my diamond. Is it necessary that I submit the report for the appraisal?
Yes. There is a market value that relates to each diamond and the lab report that is assigned to it. Without that lab report, your diamond could be considered less valuable on the market. Additionally, Tracey will examine your diamond and its report to verify that it matches.
It is critical to state the laboratory report and its specifics on your insurance replacement appraisal, as this is what the insurance company is bound to in the event of a loss of your diamond. You are best protected with thorough and accurate information.
The value on my appraisal is different than I expected. Can you change the value to suit my point of view?
No. As a professional appraiser, Tracey reports values. She does not set them. Tracey researches current market values based on comparable sales in the marketplace. This information is then stated in your appraisal report.
How often should I have my appraisal updated?
Generally, every 2-3 years. With that being said, sometimes the market can experience a marked change in just one year. Jewelry and gemstones’ values most often change at different rates depending on a number of variables, such as precious metals markets, gem and diamond mining shifts, politics, designer brand significance, and demand.
You are welcome to contact Tracey anytime to discuss whether the time is right to update. Your appraisal is kept securely for at least five years at Kahle Appraisals. Because Tracey has previously recorded the gemological examination, she can conduct research on current market value and offer the appraisal update service at a significant discount.
What is an “IRS qualified appraiser” and why do I need one?
As defined by the IRS in Publication 561:
• Has earned an appraisal designation from a recognized professional appraiser organization
• Has met certain minimum education and experience requirements.
• The individual regularly prepares appraisals for which he or she is paid. In estate or probate administration and charitable contribution tax deduction, an IRS qualified appraiser is required when inventorying and valuing the estate’s contents.
