If you are thinking about selling your jewelry, an appraisal can help determine its value. Of course, the type of jewelry appraisal you need will depend on your unique circumstances. Here is everything you need to know about the three types of jewelry appraisals to get the most value from your pieces.
Replacement Value Jewelry Appraisals
If you are concerned about your jewelry being stolen or damaged in the future, you may want to choose a replacement value appraisal for insurance purposes. This value amount will typically be higher than the resale value of your pieces due to a wide variety of factors. The appraiser will take into account market fluctuation and insurance premiums for approximately 5 years.
Fair Market Value Jewelry Appraisals
Fair market value jewelry appraisals examine the overall condition to determine what a buyer may be willing to pay. The value amount is typically lower than the amount from a replacement value appraisal. You may want to consider getting more than one appraisal from reputable jewelers to ensure you get the best value.
Liquidation Jewelry Appraisals
If you need money quickly, you may want to consider liquidation jewelry appraisals. You may want to choose this option if you are dealing with a divorce or acquired assets from an estate. Your value will typically be lower than others because of your immediate need to sell.
Jewelry Appraisals You Can Trust in Minnesota
It is vital to understand the process and choose a jeweler you can trust with the best qualifications to get the most value from jewelry appraisals. The experienced jewelers at Bergstrom Studios in Minnesota can help protect your investments and get the most from your pieces. For 99 years, Bergstrom Studios has delivered the highest quality customer service with appraisals, custom jewelry designs, repair, cleaning and inspections.
