A jewelry appraisal is a written report that describes your jewelry and gives its value for a stated purpose. It may list the metal, gemstones, size, condition, and design. Since prices and jewelry conditions can change, an older report may no longer be correct. Updating your jewelry appraisal in Metairie can help protect your rings, necklaces, bracelets, earrings, and family pieces.
Follow a Two- to Three-Year Schedule
Many people update their appraisal report every two to three years. This is a helpful guide, but each insurance company may have different rules. Some companies ask for a recent report before adding an expensive piece to a policy. Others may ask for updates after several years. Contact your insurance agent to learn how recent your insurance appraisal must be. This can help you keep the right amount of coverage for your jewelry.
Update Your Appraisal When Values Change
Gold, diamonds, and gemstones do not always stay at the same price. A ring bought years ago may cost much more to replace today. If your appraisal lists a value that is too low, your insurance payment may not cover a similar replacement. A value that is too high may cause you to pay more for coverage. A new replacement value gives your insurer better information about your fine jewelry and what a similar piece may cost today.
Get a New Appraisal After a Repair or Redesign
A major repair or design change can affect the details and value of your jewelry. You may replace a center stone, add diamonds, change the setting, or turn an old ring into a pendant. Your old report will not show these changes. A new professional appraisal records the updated stones, metals, measurements, design, and condition. It also gives you a clear record of the finished custom jewelry if you need to update your insurance policy.
Check Jewelry After Damage or Heavy Wear
Daily wear can affect a piece over time. Prongs can become thin, stones can loosen, and chains can weaken. Damage may change the value or description listed in your old report. An appraiser can study the piece and record its present condition. You can then speak with a jeweler about any needed jewelry repair. Save the repair receipt with your new appraisal document so you have a clear record of the work completed on the piece.
Update Your Records for Insurance or Estate Planning
You may need a fresh appraisal when moving to a new insurance company, changing your coverage, or preparing family records. An updated jewelry appraisal in Metairie may also help when planning an estate or passing jewelry to loved ones. Family pieces often come with old papers or no papers at all. A current report gives your family clear facts about the materials, condition, and current value of each piece while keeping its personal history alive.
Prepare for Your Appraisal Appointment
St. Amant Jewelers will welcome Certified Master Appraiser Sherry Kohlert for a special two-day event. Each appointment can include up to three pieces. Bring the jewelry you want reviewed along with any supporting documents you have. These may include past appraisals, diamond or gemstone grading reports, certificates, purchase receipts, and repair records. These jewelry records can give the appraiser helpful details and make your final report more complete.
Know the Event Pricing
The first piece costs $130, which is paid as a deposit when you reserve your appointment. This payment holds your time and covers the full appraisal of the first item. You may bring up to two more pieces to the same appointment. The second piece costs $65, and the third piece also costs $65. These added fees are paid during your visit. This professional appraisal event gives you a simple way to update several valuable pieces during one scheduled appointment.
Reserve Your Appraisal in Metairie
The St. Amant Jewelers appraisal event will take place September 18–19 from 11:00 a.m. to 3:00 p.m. at 800 Metairie Road, Suite U, Metairie, LA 70005. Appraisals are available by appointment only, and space is limited. Schedule your jewelry appraisal in Metairie today to learn the current value of your treasured jewelry and keep your records up to date.