document that explains an item the item’s quality as well as its worth. The video below explains the types of services offered by professional appraisers for insurance replacement. A majority of appraisals completed these days are for insurance replacements with the aim of give the items value back to the person who owns it. Other than insurance appraisals/replacement value appraisals, jewelry appraisers can also perform fair market value appraisals and liquidation appraisals.

Both liquidation appraisals and fair market values are very similar. They all reflect what the actual cost of reselling the item. However, appraisals for liquidation reflect the price one might receive in the event of an immediate sale. The purpose of getting an insurance jewelry appraisal is to receive the entire and fair value of the item from the insurance. An appraiser certified by a certifying body can give an exact and authentic appraisal that’s legally legal and binding. In order to get an exact appraisal of your jewelry, it is first to be delivered to a trusted lab such as GIA and IGI. This will give the client a report of its scientific grading. This report forms the basis of an appraisal. f836unt46i.