Jewelry Appraisals
The whole reason people obtain jewelry appraisals is to document the dollar value of the diamond, whether it is for personal investment purposes, or in order to have a physical record of the gem stone for insurance purposes. It is also great documentation to have if you ever decide to sell your jewelry at a future date, or pass it down to family members.
It is wise to have your existing valuable jewelry appraised in case it is stolen, or in the event you go through a divorce or estate settlement. Before purchasing a new piece of jewelry you can also get it appraised to get a good idea what the market value is on the piece before shelling out large amounts of money to pay for it if it isn’t worth the amount of money they are asking for the piece.
Jewelry lab certificates and appraisals often go hand in hand, but the lab certificate is a document that describes information about an unmounted gem stone, like a diamond that has not been set into any piece of jewelry, while the appraisal provides detailed information on the market value of a piece of jewelry, whether it is unmounted or already set as a ring, earrings, or necklace for example.
When selecting jewelry lab certificates and appraisals on jewelry that you are considering to purchase, it is best to select an independent company that provides these documents rather than rely on the documents created by the company that you are planning to buy your jewelry from.
If you already have jewelry lab certificates and appraisals on your existing jewelry, but are unsure of their accuracy, it may be worthwhile to have your items appraised again to see what their current market value is.