Appraisals

We are pleased to present you with a written appraisal with your purchase of any fine jewelry at our store.

With every appraisal your jewelry is cleaned, inspected, tested and each and every stone is measured. The current value is then carefully calculated. Professional appraisals require some time, generally 2-3days.

APPRAISALS                               

A jewelry appraisal can be one of the most important documents you need to acquire. Appraisals are used by insurance companies, banks, courts and some government agencies. The appraisal must meet certain requirements for each purpose. The appraisal needs to be done by a recognized professional jeweler who can provide accurate information and documentation to the quality and value of the jewelry. The appraisal is an informed opinion given on the authenticity, quality, value and design of a gem or article of jewelry. The opinion is backed by the jeweler’s appraisal training, market experience, and gemological testing equipment.  

With every appraisal your jewelry is cleaned, inspected, tested and each and every stone is measured. The current value is then carefully calculated. Professional appraisals require some time, generally 2-3days.

Insurance Replacement Appraisal

We will be happy to work with you and your insurance company to replace or rebuild your lost or stolen jewelry.

Retail Replacement Value

Insurance companies will require the retail replacement (new) value before they will insure jewelry beyond a certain dollar amount. This appraisal record is used by the insurance company to determine the insured amount for jewelry that is lost, damaged, or stolen.

Fair Market Value

A fair market value is often an estimate of what a willing buyer would pay to a willing seller, both in a free market, for an asset or any piece of property. If such a transaction occurs, then the actual transaction price is usually defined as the fair market value.

Jewelry Insurance

Homeowners and Rental tenants insurance policies commonly include coverage for personal property with the value of jewelry included up to a certain limit.

Appraisal Update

We recommend that you have an updated jewelry appraisal done at least every 3 years.

At Miller's, we recommend you have all your jewelry Appraised and Insured properly!