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Appraisal Certification, What It is and Why It is essential

Appraisal Certification, What It is and Why It is essential

When an individual makes a purchase of jewelry, it is an investment. It is termed an asset which must be protected. As with all assets, jewelry and watches in some cases must be valuated. This is not only for purchase price, but also an insurance incase of loss of theft.

Valuation or Appraisal means knowing the current market value of the product you are holding as it is a part of your assets, your investment.

A jewelry appraisal provides you with a detailed document with the value and key details of the piece of jewelry which includes information of metal, gems and precious stones used. This is required not just to be well informed but also for insurance purposes.

Appraisals are also essential incase of resale or for tax purposes. 

As prices of gold , precious stones and gemstones fluctuate, mostly increasing with time, it is advisable to get an appraisal periodically. Getting the valuation done every two years is an accepted norm.

With an appraisal report by an authentic, qualified appraiser or laboratory certificate, any unforeseen loss can be mitigated.