Why Is Jewelry Appraisal Important When Selling Your Luxury Items?
Whether you want to sell estate jewelry or find out how much it’s worth for insurance purposes, appraisals play an important role in owning luxury items. The Internet has made it far easier for people to estimate the value of their luxury goods, but each piece is unique, making it necessary to receive an appraisal if you want to know the true value of your jewelry.
Whenever you sell luxury items, it’s important to understand the value of your pieces for several reasons. Here are just a few of the ways in which appraisals are important when selling your gold jewelry.
Verify Authenticity
Appraisals can help you verify that your jewelry is authentic. Whether you want to confirm this for your own peace of mind or need to verify it for somebody else, appraisals are an easy way to have an expert verify the authenticity of the vintage estate jewelry.
An expert appraiser can assess whether it’s an authentic name brand piece (such as a true Tiffany & Co. design) or whether the individual components (such as the metals used and gemstones included) are authentic. These are crucial factors in pricing estate jewelry to sell as well as estimating its value for insurance purposes, legal separation of assets during a divorce, or writing off a donation.
Assess the Value of Your Estate Jewelry
The most obvious and most common use for a jewelry appraisal is to provide an estimate of the value of your gold jewelry. An expert appraiser will assess your jewelry — including its brand name, condition, materials, and desirability — in order to offer a current market value.
Knowing the value of your estate jewelry is crucial when it comes time to sell the pieces, as you always want to ensure that you’re receiving a fair value for your luxury items. Having an independent third party appraise your jewelry will give you an idea of what to expect so you don’t get scammed by an untrustworthy jewelry buyer. Collecting two or three appraisals from various reputable estate jewelry stores will also help you get a better idea of a fair price range for the item and eliminate the chance of one appraiser under or overvaluing the estate jewelry.
Identify Any Damage
Jewelry appraisal can be beneficial even if you have no intention of parting with your luxury item. An appraisal can help identify any wear and tear or damage to the jewelry, which gives you an opportunity to repair it before it gets worse. Jewelers can also identify any loose stones or loose settings, so you can have them tightened by a jewelry repair professional before you lose a precious gem.
Identifying damage can also help give you an idea of what to expect when pricing an item to sell. If your vintage estate jewelry is excessively worn, broken, or otherwise damaged, it will fetch a lower price at auction or when selling jewelry versus an equivalent piece in good condition.
If you’re ready to sell your vintage estate jewelry and are looking for the best place to sell gold jewelry for cash, look no further than Watch & Wares. At Watch & Wares, we consistently offer five-star customer service, which is reflected in our reputation online and in the local Orange County community.
As a family-run business with 30 years of experience, we place transparency, integrity and honesty at the forefront of everything we do. We want to ensure that every visit to Watch & Wares leaves you happy and confident in your selling decision. To find out more about our estate jewelry buying and selling services or receive a free jewelry appraisal, call us at 714-633-2030 or fill out our online contact form today.
